The News Review:
- Plano council member sees his investing clients’ pain spreading
- Meltdown 101: Steering clear of investment fraud
- Books that financial experts recommend
- Jones Concedes Errors With Bacon Griffin in Shakeout
- Certain Morgan Stanley Closed-End Funds Declare Year-End Dividends
- A Look Back at the Year in Investing
Plano council member sees his investing clients’ pain spreading
Dallas Morning News TX
LaRosiliere has watched the downturn play out in intimate detail. He throws out lifelines of financial guidance and fields perhaps a dozen calls weekly from anxious families who are struggling under staggering investment losses. Some days are like clockwork. The stock market plunges his phone rings. "It’s the highest level of pessimism I’ve seen. People truly believe their accounts are going to go to zero" he said.
Meltdown 101: Steering clear of investment fraud
The Associated Press
Madoff — throws up a new warning sign for consumers already on their heels after a horrific year in the markets. If a business run by such a well-known Wall Street figure could purportedly bilk investors for years before getting caught is there anything other investors can do to avoid falling into a similar trap?Madoff founded and owns Bernard L. Madoff Investment Securities LLC and separately oversaw an investment advisory business that managed money for high-net-worth individuals and hedge funds. He was charged with securities fraud Thursday after federal investigators said he caused investors to lose billions of dollars in what was labeled “a giant Ponzi scheme. “Here are some questions and answers about protecting yourself against fraud by an investment adviser. Q: What is a Ponzi scheme and how does it work?A: It’s a fraudulent investing scam that promises high rates of return at little risk to investors.
Books that financial experts recommend
San Francisco Chronicle USA
He takes an unusual approach by visiting neuroscience labs and subjecting himself to experiments. “By studying the field of neuro-economics – a blend of neuroscience economics and psychology – investors can gain a deeper understanding of the situations in which they may make those illogical but emotionally satisfying decisions which inevitably lead to poor investment performance” says de Silva. ” ‘Your Money and Your Brain’ is an excellent introduction to this nascent field with specific examples on how not to allow your investment decisions to be ruled by your emotions and how to spot opportunities created by the emotionally driven decisions of others. “Against the Gods: The Remarkable Story of Risk” by Peter L. Bernstein; Wiley John & Sons; 1998. Recommended by Bernard Lirola managing director of Needham Investment Management LLC in New York: America’s appetite for financial risk taking may be low at the moment after the market decimated most holdings. But it is certain to return as people try to restore their lost assets be it through gambling hedging or carefully measured risk.
Jones Concedes Errors With Bacon Griffin in Shakeout
Bloomberg
She sent a letterto hedge fund managers last week railing against such practicesas charging fees on portfolios they are liquidating andfreezing redemptions for unlimited periods. ?Going forward the opinion of the Investor Forum is thatnew investment will not be made in funds which allow these typeof actions? Manzke wrote. She has been investing in hedgefunds since 1985 when there were just 68 managers from whom tochoose. The beneficiaries of this year?s unrest are the managerswith the best long-term records as well as new fundsconcentrating on distressed investments such as bank loans andconvertible bonds whose prices tumbled as investors dumpedsecurities. Death & Birth ?We haven?t been scared off from investing in hedgefunds? said.
Certain Morgan Stanley Closed-End Funds Declare Year-End Dividends
MarketWatch
Past amounts of dividends are no guarantee of future dividend payment amounts. The final determination of the source and tax characteristics of all distributions in 2008 will be made after the end of the year. Investing involves risk and it is possible to lose money on any investment in the funds. Morgan Stanley Investment Management together with its investment advisory affiliates has nearly 1000 investment professionals around the world and approximately $570 billion in assets under management or supervision as of August 31 2008. By leveraging its global ‘community of boutiques’ structure and the strength of Morgan Stanley MSIM strives to provide outstanding long-term investment performance service and a comprehensive suite of investment management solutions to a diverse client base which includes governments institutions corporations and individuals worldwide. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations governments institutions and individuals from more than 600 offices in 35 countries.
Related from Managementmonster: Certain Morgan Stanley Closed-End Funds Declare Year-End Dividends
A Look Back at the Year in Investing
Cabot Wealth Advisory MA
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