Yes, even in a runaway market, some brokers crave friendship

The Ticker

November 29, 1995|By JULIUS WESTHEIMER

CLEARING the November notebook:

"For the first time, the Dow has gone for five years without a 12 percent correction." (Barron's, Nov. 27)

"Insiders have been selling stocks on balance. Ignore this omen at your peril." (Mark Hulbert, mutual fund adviser)

Ralph Acampora, technician chief, Prudential Bache, told me he forecasts Dow Jones 7,000 by 1997.

"The Fed will keep interest rates low so business booms between now and Election Day. The White House needs a strong economy." (Deborah Allen, economist)

"54 percent of stockbrokers crave friendships with clients, but only 24 percent of investors want to buddy up with their advisers." (Registered Representative magazine survey.)

Sign on a TWA ticket counter: "If you don't fly first class, your children will."

Well-known local names (and ranking) under Forbes' Dec. 4 "500 Largest Private Companies" listing: Whiting-Turner (337) and Perdue Farms (81).

"If you bought Merck early you had a great ride. The best and brightest now think Intel will be another Merck." (Michael Evans, in GQ, Nov.)

"Had you invested $10,000 in the S&P 500-stock index in Jan., 1934, you would now be worth $6,627,000." (Roxbury Capital Management)

Myron Oppenheimer, vice president, NationsBank (547-4196), will mail an easy-to-read, colorful 15-page "Investment Overview," with graphs and charts.

Legg Mason is listed under "Invest in the Little Brokers; They Could Get Bought Out," in Forbes, Dec. 4.

"To limit risk, we have only 10 percent in new issues, and we're very choosy. There's too much froth in them now." (Margarita Perez, mutual fund manager, in Fortune, Nov. 27)

"When in doubt, even in this high market, hold onto good stocks. Measure success over 5-10 years, not the next quarter." (Douglas Raborn, portfolio manager)

For children's Hanukkah and Christmas gifts, consider stocks and/or mutual funds. Call your broker or the Kiddie Fund (800-403-KIDS) for gifts that last for years.

"Beginning with the 1995-96 school year, 450 colleges will accept financial aid applications now, not in February. Call 'Early Bird Plan,' College Scholarship Service, 609-771-7725." (Money, Dec.)

"If you don't like your hotel room, appear at the front desk and they'll often do better. On your room phone you won't do as well." (Success, Dec.)

"When no dime goes unnoticed it's easy to see where you can pinch pennies. Create computer categories and 'sub-categories' for each family member." (Family PC, Nov.)

"Defined benefit plans provide benefits at retirement; defined contribution plans depend on investment performance. A 401(k) is a special type plan where participants put money away tax free." (Personal Finance, Nov. 22)

"The cost of not preparing a will can be huge. The state will then distribute your money, regardless of what your intentions are." (Financial World, Dec.) See your lawyer.

"I recommend buying Williams-Sonoma, WalMart, Federated Department Stores and Safeway." (Joseph Ellis, award-winning retail analyst on "Wall Street Week.")

"If your mortgage payments are due on the first of the month, mail your January payment in December to take the additional interest deduction." (Consumer Reports, Dec.)

In response to several requests, here is a firm to contact for discount mail-order checks: Artistic Checks, P.O. Box 1501, Elmira, N.Y. 14902. Phone 800-224-7621. (Data from The Tightwad Gazette)

Good Read: "The Coupon Encyclopedia," with money-saving supermarket ideas, including comparison shopping, smart couponing, etc. Send $6.50 to Super Saver Publications, Box 639, Libertyville, Ill. 60048.

"Managers learn while they teach." (Bits & Pieces)

"Friendship is like money, easier made than kept." (Samuel Butler, English writer)

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