Word: sells
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Dates: during 1990-1999
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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...
Fortunately, "Osama's buyers weren't physicists, and the people selling to him were trying to rip him off," says an Energy Department official. The enriched uranium they were offered turned out to be low-grade reactor fuel unusable for a weapon. Another con man tried to sell them radioactive garbage, claiming it was "red mercury," a supposedly lethal Russian bomb the CIA says never existed. Frustrated, bin Laden instead settled on chemical weapons, which are easier to manufacture. Although U.S. intelligence officials have been unable to pinpoint hidden caches, they suspect that during a five-year stay in Sudan...
...still have time to sell losing or winning stocks in order to pair gains with losses, or to realize up to $3,000 of losses to set against ordinary income. Consider swapping a loser stock fund with a similar-style fund to stay invested but realize the loss. Finally, if you turned 70 before June 30, you must take an IRA or 401(k) distribution now--or pay a 50% surcharge. You can get relief, but the process is more painful than battling rabid shoppers on Christmas...
Here's where Mom is way smarter than her Baby Bear: in a few months, she'll take out an ad in the newspaper and sell her two-year-old machine for $600. Then she'll go to Boscov's and buy last year's model for $800 (or less.) Her M.O. is to get a great PC every year or two while never spending more than $300. Now, you might not be lucky enough to live near a Boscov's--but the principle is sound. Go to a local department store or another outlet that you trust to take...
...list of Web sites that sell PCs, visit timedigital.com Questions for Quittner? E-mail him at jquit@well.com