The Stingy News Weekly (11/02/01)
The Markets This Week
DOW 30: 9,323.54 -2.32% to a P/E of 25.7
TSE 300: 7,023.97 +0.27% with a negative P/E
The Value View
Dow at a P/E of 20: 7,256 (-22.2%) Poor Value
Dow at a P/E of 15: 5,442 (-41.6%) Fair Value
Dow at a P/E of 10: 3,628 (-61.1%) Good Value
Restaurant stocks: not as tasty as they look
Growth gone bad is a common theme for restaurants.
Are you overdiversified?
If you own more than ten funds you are probably better off switching to a few index funds.
The allure of dividends
The Fool's chat about why high dividends are a good thing and make a couple picks.
The bubble has not popped
Clifford Asness takes on the bulls and shows that the market is still sky high. Good fun!
Managers pull plug on lackluster funds
Shutting down poor performers is a classic pattern. Some fund companies simply start up ten funds and slowly knock off the losers. After a while they are left with a lucky winner and can start the whole process all over again.
Direct purchase plans allow you to bypass brokers
It is taking a bit of time but US style direct purchase plans should arrive in Canada shortly.
The trivia questions this week are:
The answers for last week's trivia questions are:
New @ StingyInvestor.com
I was recently asked by Jonathan Chevreau to make a few suggestions on what, given the times, should be done with a $10,000 windfall. An interesting question that is difficult to answer. Nonetheless, in this article I offer a few suggestions and take a look at the vexing choice between spending today and saving for tomorrow. More...
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