Word: portfolios
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...late summer last year "we told our clients, 'Take all your money out of Asia. Sell short,'" recalls Allen Sinai, chief global economist of Primark Decision Economics, a forecasting and consulting firm. In its worldwide model portfolio, it left only 5% for Japan. Says Sinai: "We doubled the allocation to Japan two months ago and put allocations back into South Korea, Hong Kong, Thailand and Singapore." Though many economists are dubious about how soon and how strongly Japan can recover from a long period of stagnation and now recession, Sinai pronounces himself "somewhat positive" on the outlook, at least...
...No.2 is managing a portfolio in the same style that Jon did and seems to be doing pretty well", Meyer said...
...international stocks. "We have been doing some swapping," says Hugh Johnson, First Albany's chief investment strategist. "We've sold some stocks with big international exposure, like Dupont, ConAgra and Phillips Petroleum, and have bought Staples and McGraw Hill. I'm trying to make our portfolio a little more insulated from world events...
Another commodity has increased in social value even faster than money, and that is fame. Those blessed with a lot of one or the other want a more balanced portfolio. So celebrities cash in some of their fame for money by doing commercials, and rich folks cash in some of their money for fame the same...
...purposes aside, they do it partly for fun, of course. What appearing in an ad offers even the very richest is a chance to enjoy their celebrity. More important, though, for all but the most psychologically secure, it also is certification that there is indeed some celebrity in their portfolio...