Word: marketization
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Tisch's "short" positions in various individual stocks and the S&P 500 index produced losses of $918 million as the market rose in 1997. The losses mounted this year: $534 million in the first quarter and $134 million in the second quarter. Finally, in the mayhem of the third quarter, his bearish bets paid off with gains at Loews of $368 million. Being right--but too early--cost Tisch's company $1.2 billion. That should make your last 401(k) statement look a little better...
...Market timing doesn't work. Selective plumping and pruning is one thing. I heartily advocate yearly or quarterly rebalancing of your portfolio: selling some of the asset class that has done best and buying more of the one that has lagged to maintain your desired mix of stocks, bonds and cash. I even endorse shifting among assets with part of your portfolio--no more than 20%--to try to take advantage of specific conditions every so often. Early this year I suggested tilting toward bonds because stocks were overvalued and lower interest rates seemed likely. Some wags would call that...
...market bets are for losers. You have to be right twice: getting out near the top and back in near the bottom. And even if you get it right, the payoff isn't that great. Between 1988 and 1997, if you had invested a set amount each year on the day the market peaked, you still would have made 18.2% a year. If you had picked the market's low point each year, you'd have made 20.2%. Being in the market--time, not timing--is what matters most...
...chronically depressed market for the short story has not discouraged Alice Munro, who, with the publication of The Love of a Good Woman (Knopf; 340 pages; $24), now has 10 volumes of stories to her credit. But it's Munro's quality, not quantity, that puts her in the company of today's most accomplished writers of fiction at any length...
...might make friends in an investment club, and you might learn something about stock picking, but you'll probably pay a price in lower returns on your investment. Fully 60% of investment clubs regularly underperform the stock market, according to a new study from UC Davis. Your returns will be higher in an actively managed mutual fund, and higher still in a broad index fund...