Dec 1, 2003
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| GROWTH PORTFOLIO |
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Getting Past Bubble-Phobia: When It's OK To Buy A High-P/E Stock
In the late 1990's, tech stocks were valued near record levels -- many dotcoms had P/Es of 100 or higher -- and in 2000, as we all know, tech resoundingly crashed. Most investors no doubt believe the high valuations caused the crash.
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| FRONT PAGE |
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Energy: The Street Gets It Wrong Again
Frequently, Wall Street analysis seems very logical -- until you notice the one false premise on which it is based. This was true in the late 1990's, when analysts pushed highly overvalued tech stocks based on the false premise that demand for tech products could grow exponentially forever.
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| INCOME PORTFOLIO |
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REITs with the Right Stuff
REITs -- real estate investment trusts -- have been hot lately. So far this year, total returns are up some 24 percent vs. a 19 percent gain for the S&P 500. And REITs are inherently less risky because of the income cushion they offer. The only question is how much longer can this have-your-cake-and-eat-it-too state of affairs persist.
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| SECTOR SENSE |
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Making It With Metals
A few years back, after a long period of steady prices, platinum and its sister metal palladium had huge moves. These stemmed both from bureaucracy-induced supply bottlenecks in Russia, a major producer, and a growing recognition that the metals are indispensable in certain industrial applications.
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| BACK PAGE |
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It's Not Too Late: Yearend Tax-Saving Tips
Taxpayers may agree with T.S. Eliot that "April is the cruelest month." But there are ways to make it less so. You have until the end of 2003 to act. Following is a checklist of reminders to ensure you have done all you can to cut your tax bill come April 15.
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| FULL ISSUE PDF |
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Complete Issue PDF
Complete Issue PDF…
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