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Money and you

July 12, 2000|By JULIUS WESTHEIMER

Have you prepared for your later years? "To have a comfortable retirement requires careful planning," says Martin Campbell, financial planner.

"Start as early as possible. Young workers may think retirement is a long way off, but the longer you wait the harder it is to catch up.

"Consider your age. The younger you are, the longer your time horizon and therefore the more aggressive you can be.

"Diversify. An overall asset mix will help to protect you from the vagaries of the market. Diversification maximizes returns, minimizes risks."

CHIPS TO DIPS: "Chocolate bars and jellies aren't sexy, but their manufacturers are here to stay," says Forbes.

Under "Sell Chips, Buy Jam," the article says, "There's not a dot-com here, but these companies have strong earnings and sell at bargain prices: Hershey Foods Corp., J.M. Smucker Co., Masco Corp. and Albertson's Supermarkets Inc.

WALL ST. WATCH: "This year the Nasdaq won't come close to its 85 percent gain in 1999. Higher interest rates will restrict sky-high price-to-earnings Nasdaq multiples." (Elizabeth Bramwell, investment advisor.)

"The tech Four Horsemen - Cisco Systems Inc., EMC Corp., Oracle Corp. and Sun Microsystems Inc. - are over-loved, over-owned and over-priced." (Forbes.)

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