A collection of helpful hints on how to make and save money

The Ticker

November 08, 1995|By JULIUS WESTHEIMER

COMBING NEW magazines, newsletters, reports, etc., we find these money-savers, money-makers and financial forecasts:

WALL STREET WATCH: "Experience shows that the longer and higher a rally goes without correction, the more intense the inevitable correction." (Lowry's Trend Analysis.)

"Where are the billions of dollars of extra buying power coming from to keep this ball rolling?" (Paul Franke.)

"Long-term factors signal a major top is on the horizon." (Wall Street Notes.)

MUTUAL MEMO: "Investors shouldn't be dazzled by mutual fund first-year fireworks. Early returns can mislead, as new funds have one huge inherent advantage: Modest size." (Business Week, Nov. 13. A chart lists figures of 10 funds that "Faltered After the First Year.")

MONEY-SAVERS: "Think of ways to do things cheaper; you'll be amazed how pennies add up: Wait for movies to come out in video... Drink water instead of soft drinks... Carry only cash you'll need for that day... Entertain at home instead of going to bars and restaurants... Ask your credit-card company to reduce your credit line." (Mademoiselle, November.)

TRAVEL TIP: "Save on hotel rooms through 'consolidators' or 'discounters,' which book blocks of rooms months in advance at steep discounts. Call these numbers for cities covered, rates, etc.: Accomodations Express (800-444-7666), Capitol Reservations (800-847-4832) and Quikbook (800-789-9887.)" (USA Today)

CAREER CORNER: "How Executives Should Curry a Headhunter's Favor" in National Business Employment Weekly, Nov. 5-11, suggests:

"Get noticed. If recruiters never call you, you're either not very good or very visible. To stand out, become more active in your firm or industry association. Never send a resume without a strong cover letter. Take every call from recruiters; hear them out. Investigate the recruiting firm."

BUSINESS BRIEFS: "If you're too busy growing your company to discuss ultimate financial goals with your partners, take heed: You could lose it all." (Rick McCloskey, CEO, System Connection, in Inc., November.)

"In business, aim for service, not success, and success will follow." (Bits & Pieces, Nov. 9)

TAX TIPS: "If you've had a lucrative year, push income into 1996. Postpone stock gains till next year. Take investment losses to offset '95 gains. Hold off buying a mutual fund until after its year-end dividend declaration date. Pay tax-deductible expenses for 1996 (like your mortgage) this year." ("Money 1995 Income Tax Handbook")

LOCAL LINGO: Bethlehem Steel's stock is listed under "Rising Stars," in S&P Outlook, Nov. 1. ("Steel prices and earnings should now strengthen.")

This week's Barron's (Nov. 6) has a "buy" recommendation on McCormick & Co., page 59. ("12-18 month target: $30 per share.")

T. Rowe Price Small Cap Value Fund appears under "Fast and Steady," in Money, November. ("Strong case now for funds that fly high with minimum turbulence.")

HOPEFULLY HELPFUL: "Plans to use frequent-flier tickets should be made at least six months in advance. Only the most frequent fliers get preference in seat allocation." (Success, November.)

FALLING LEAVES: Top-performing mutual fund newsletters over five years are, in order: OTC Insight, Oberweis Report, Prudent Speculator, Turnaround Letter and New Issues. (Data from Hulbert Financial Digest.)

"Forty eight percent of those who received lump-sum distributions say they spent the money instead of rolling it into self-directed IRA plans." (Smart Money, November.)

"Women are involved in some 80 percent of vehicle purchases today, and women buy almost 40 percent of all luxury cars sold." (U.S. News & World Report, Nov. 6)

"Best place for cash now: Money market mutual funds, average yield 5.2 percent. High rates make these more attractive than bank accounts." (IBCs Moneyletter.)

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