Career options for women offer great pay and strong growth

The Ticker

July 26, 1996|By Julius Westheimer

Random notes about your career and money:

WHERE TO LOOK: The 10 best all-around careers for women ("Great pay, strong growth, women welcome"), according to Working Woman, July-August, are:

Animator, biotech-patent lawyer, business-software designer, chemical engineer, construction manager, dentist, employee-assistance-program manager, environmental economist, executive-search consultant, financial-products salesperson.

This issue is worth reading, especially, "Jump-Start Your Job Now."

NO MORE NYTOL: "If a problem doesn't have a ready solution, there's no point staying awake and worrying about it. It's amazing how, with the passage of time, something that seems a problem goes away. I'm a member of the Scarlett O'Hara school because I believe 'Tomorrow is another day.' " (Dick Jenrette, Wall Street veteran, in Fortune, July 22.)

MIDSUMMER MEMOS: "Time and compounding interest can present great rewards under a well-crafted investment plan." (Forbes, July 29.)

"We've gone from a period where every piece of news is interpreted bullishly to one in which everything is interpreted negatively." (Business Week, July 29.)

"Benjamin Graham, security analysis pioneer, advised investors to buy stocks as close to book value as possible. Today, Dow Jones stocks are four times book value, highest ratio in history." (Investment Quality Trends.)

FREE STATE FILE: "A major noteworthy gain black women business owners achieved over the last 10 years is their presence in such rapidly developing, male-dominated industries as engineering and technology.

"One high-tech maven: Kathryn C. Turner, who led her Rockville, Md.-based firm, Standard Technology, Inc., from $25,000 in revenues in 1986 to over $17 million today." (Black Enterprise, August.)

WALL ST. WATCH: "Most of our clients think they're a lot more aggressive than they really are. Everyone's real aggressive right now, but at the slightest downtick they'll all head for the hills." (Paradigm Capital, July 10.)

"When the market rises, 80 percent of stocks go up, 20 percent don't. When the market falls, 80 percent decline, 20 percent don't. Big advantage in this market's dive is stocks that will be big winners in the next cycle stand out." (Moneypaper, July.)

JULY JOURNAL: "Psychology of a stock market blowoff is in place. Business Week's new cover story, 'Our Love Affair With Stocks,' is a far cry from the magazine's cover 17 years and 5,000 Dow Jones points ago, when it heralded 'The Death of Equities.' " (David Shulman, Salomon Bros.)

" 'The Mortgage Hunter,' by Peter Miller ($13.50) is one of the best guided tours you'll find of loans secured by your house, including refinancings, second-home loans, reverse mortgages, government-backed loans, etc." (Kiplinger's Magazine, August.)

"According to a Merrill Lynch survey of 400 companies, fewer than 20 percent considered their employees very well prepared for retirement." (Harry B. Gorfine & Co. July newsletter.)

BALTIMORE & BEYOND: BGE appears under "Appealing High-Yielding Stocks," in S&P Outlook, July 24. The stock yields 6 percent.

The same Outlook lists Baltimore-based Adams Express and Petroleum & Resources under "Closed-End Funds at Attractive Discounts."

"Don't give your home to your children to save taxes, because children take over the house at parents' tax cost, usually very low. When children sell, they face stiff capital gains taxes." (Tax Hotline, August.)

"Insiders, a smart group who were relative buyers when 1995 began, are now more than 70 percent sellers, a clear move toward pessimism on the part of insiders." (Systems & Forecasts.)

"It's now prudent for older investors to move some money to the sidelines. There's nothing wrong with giving your money a rest and protecting it from market risk." (Lynch Investment Survey, July 10.)

"A new law increases the amount people ages 65-69 can earn without losing Social Security benefits. The old $11,520 limit is $12,500 for 1996." (Moneypaper, July.)

"Hunt for bargains now. Use this slump to pick up stocks in battered technology sector." (Business Week, July 29.)

Pub Date: 7/26/96

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