Word: maines
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Dates: during 2000-2009
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...holding a portfolio composed mostly of stocks--the standard investing advice of the past quarter-century--makes sense for all of us. In the past few years, the mantra of "stocks for the long run" has come under fire from some respected students of financial markets. Their two main critiques have to do with those terms long run and best. The first debate centers on whether you can count on stocks' long-term advantage to work out over your particular investment horizon; the second is about whether an investment as risky as stocks belongs in a retirement portfolio...
...Arnott argues that the evidence does indicate that "the common interpretation that stocks should be the core of your portfolio always" is wrong. "The main message I would want to convey to John and Mary Doe investor is, Pay attention to the price you pay for an asset," he says...
...main difference between the two experts really comes down to how confident each is that it's possible to pick winners. Arnott makes a living trying to do just that--his firm Research Affiliates manages the PIMCO All Asset Fund, which switches money between asset classes as conditions and prices change. For the past few months, his favorites have been high-yield (junk) and investment-grade corporate bonds and convertible bonds. Siegel favors simplicity--and stocks. "My feeling is that stocks over the next 10 to 20 years are going to give above-average returns," he says...
...were other military advances against insurgent outposts - barely noticed by the global media - taking place in valleys not so far away. In late May, Uzbek soldiers and tanks patrolled parts of the troubled Ferghana Valley following shootouts with suspected Islamist extremists and a suicide bombing in the valley's main city of Andijan. In neighboring Tajikistan, government forces fanned out across the remote Rasht Valley in a supposed attempt to hunt down a notorious militant commander named Abdullo Rakhimov. The veteran jihadi, according to some local reports, had recently abandoned Taliban allies in Pakistan to resume the struggle...
...course, there is political calculation to Khamenei's investigation. It neutralizes the main demand around which the opposition is rallying on the streets and imposes a de facto 10-day cooling-off period that could sap, even demoralize, the anti-Ahamdinejad demonstrations. The huge rally in support of Mir-Hossein Mousavi in Tehran on Monday is enough to make any ruler, autocrat or not, tremble. All of this opens the Supreme Leader's window of vulnerability to one very powerful enemy. (See pictures from Iran's tumultuous election...