Dow index ends dive for 1.35-point gain

THE TICKER

November 08, 1994|By JULIUS WESTHEIMER

Reversing the direction of last week's 123-point drop, the Dow Jones industrial average squeaked into the plus column yesterday, inching up 1.35 points and closing at 3,808.87.

In what one local broker called a "buyers' strike," investors nervously awaited today's election results, today's and tomorrow's three- and 10-year government note offerings and the Federal Reserve's Nov. 15 interest-setting meeting.

HOPEFULLY HELPFUL: Moving from Wall Street to Main Street topics, here are top job opportunities for the next few years, condensed from a detailed article, "20 Hot Job Tracks," in U.S. News & World Report, Oct. 31. Many libraries have copies. Top categories are:

Internal auditors; architects; computer research analysts; business consultants; early-education teachers; electrical engineers; environmental managers; financial planners; government corrections officers; health-care medical assistants; technical trainers; media specialists; primary-care HMO physicians; salesmen and women; information service developers; corporate lawyers; manufacturing logistics specialists; medical scientists; home health social workers and telecommunications specialists.

PUMPKIN MUFFINS: The T. Rowe Price International Stock Fund and the firm's New Asia Fund are recommended by nine newsletters followed by Hulbert Financial Digest. (Nine newsletters is the top category published.) . . . "98 percent of New York Stock Exchange stocks are down 10 percent or more this year; 78 percent are off 20 percent or more and -- get this -- 45 percent are minus 30 percent or more." (Rob Brown, Ferris, Baker Watts) . . . "The average cost of a new car is $19,500, up 70 percent from a decade ago, when the average was $11,500." (Wall Street Journal) . . . "Well-chosen municipal bonds have emerged as the only widely available investment offering tax relief, liquidity and moderate risk." (S&P Outlook, Nov. 2)

PERSONAL ADVICE: If you will bring a check for at least $25 or a medium-size bag of groceries, I will provide free individual and family financial advice at Our Daily Bread soup kitchen, 411 Cathedral St. (across from the Enoch Pratt Free Library) on Sat., Nov. 19 from 11 a.m. to 1 p.m. Sister Gwynette will provide a private room for us. The current O.D.B. "wish list" includes rice, spaghetti, canned vegetables, peanut butter, coffee, oatmeal, etc.

CAREER CORNER: "One excellent career success strategy is to study -- and learn from -- your company's leaders. Find out what your supervisors need to be successful and help them get it. Also, make yourself visible by networking, building relationships with high-ranking people inside and outside your company, and by volunteering to take on tough tasks." (Career Strategies for Working Women by Adele Scheele, career strategist, $11)

MARYLAND MEMOS: "Maryland is the fifth most defense-dependent state in the nation, and currently reels from major military cutbacks. Westinghouse Electronics Systems sliced its labor force from 18,000 to 9,500 since 1990. And Maryland construction jobs dropped by 23 percent over the past four years." (From a state-by-state economic survey in U.S. News & World Report, Nov. 7) . . . "Deadline: You can still donate publicly traded stock to a private foundation and get a charitable deduction for the stock's full market value, but the full deduction is scheduled to expire soon." (Harry B. Gorfine Tax Report, which the Baltimore firm will mail you if you call 539-5474)

WHAT TO EXPECT: Here are some qualities to look for when you select a broker, from Money, Nov. issue: Experience and a broad educational background, including completed courses on retirement planning and asset allocation; personalized service, including periodic face-to-face meetings, promptly returned phone calls, reports on suggested purchases and sales; full description of his/her commission charges, fees, etc.; explanation of how long he/she expects you to hold a stock, with reasons; and your broker should tell you if you can or cannot get out of any investment quickly.

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