Jan 1, 2005

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| FUND FINDS |
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Too Much Static and Not Enough Upside
Why we're dumping Clear Channel and OmniVision
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| FAST TRACK |
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The Benefits of Sleep
Sepracor's new insomnia drug should let you rest easy
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| GROWTH PORTFOLIO |
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Aging Well: Three More Health Care Stocks
They cater to our ailing joints, our failing eyes, and our demand for drugs
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| WHAT THEY'RE THINKING |
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Michael Milken
An Instructive Life
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| INCOME PORTFOLIO |
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Re-evaluating our REITs
REITs have sure been hot. The Morgan Stanley REIT index soared 29 percent in the first 11 months of 2004, following a 36 percent rise in 2003--a winning streak that means a $1,000 investment in the index less than two years ago would have earned you total returns of $700. Will 2005 bring comparable gains? We doubt it. First, the gap between REITs' yields and the yields of benchmark 10-year Treasuries is narrowing. Also, the group
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| FRONT PAGE |
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Demographics' Darlings
Old news is good news
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| FUNDFOLIO |
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Small, Smart - and Still Open
Two more FundFolio veterans--small value fund Aegis Value and small blend fund Royce Low Priced Stock--have performed so well, thereby attracting so much money, that they're now closed to new investors. If you own them, mazel tov, but in fairness to our new subscribers we need to replace them with funds that remain open to one and all. Luckily, we've found some exceptionally attractive substitutes.
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| SECTOR SENSE |
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Back to Basic Black
Coal, that dirty fuel of the past, is also a fuel of the future
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| BACK PAGE |
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Deadly Deficits
The fiscal gap could jump to $85 trillion, way beyond our borrowing power
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| FULL ISSUE PDF |
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Complete Issue PDF
Complete Issue PDF
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