Money | Page-127 | NewJerseyNewsroom.com -- Your State. Your News.

newjerseynewsroom.com

Wednesday
Aug 20th
  • Login
  • Create an account
    Registration
    *
    *
    *
    *
    *
    REGISTER_REQUIRED
  • Search
  • Local Business Deals

Money

Some of the best (and worst) mutual funds

Some of the best (and worst) mutual funds
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

Did you ever hear of the Intrepid Small Cap Fund? Of course not. Unless you're a mutual fund junkie.

I myself discovered this interesting fund while doing my irregular search for "six star" funds – mutual funds rated five stars (highest) by Mornmingstar, with a "high" for performance plus a "low" for risk. Not an especially common combination.

Intrepid has returned 14.35 percent a year for five years – no, that's not a typographical error. In that terrible year of 2008, it lost a mere 7.12 percent. This year it's lagging its peers – up only around 14 percent — because it has lots of cash (19.3 percent of assets).

The fund tries to buy stocks of healthy companies, with lots of free cash flow, trading below their intrinsic value.

One problem: The original manager, Eric Cinnamond, resigned in September, for family reasons; but Jayme Wiggins, the new manager, had worked at the firm before.

 

Five myths about asset allocation

Five myths about asset allocation
BY JERRY MICCOLIS
COMMENTARY

When it comes to your investments, nothing is more important than asset allocation. Yet many investors don't fully understand how to use this comprehensive, top-down strateg...

SBA wants more lending in underserved communities

SBA wants more lending in underserved communities
BY ROHIT ARORA

We knew that the credit crunch had taken its toll on small businesses between June 2009 and June 2010, but until recently we did not know how severe the drop in lending really was. Last...

Is paying 1 percent to a financial adviser too much?

Is paying 1 percent to a financial adviser too much?
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

A woman I know, in her 70s, has a nest egg of $500,000. Her financial adviser just retired and she's looking for a new one. I gave her some names ...

Gamblers give Atlantic City casinos a cold shoulder in January

Gamblers give Atlantic City casinos a cold shoulder in January

Revenue down by 13.2 percent when compared to January 2010

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

Add the worst winter weather in 16 years to the problems faced by the operators of Atlantic City's 11 ca...

Inflation danger and the Mickey Mouse lesson

Inflation danger and the Mickey Mouse lesson
BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

Many remember the classic episode from Walt Disney's Fantasia where Mickey Mouse, having learned the Wizard's incantation for making brooms carry well water t...

UBS agrees to repurchase $1.5 billion in auction-rate securities sold to New Jerseyans

UBS agrees to repurchase $1.5 billion in auction-rate securities sold to New Jerseyans

Must pay state $3.7 million in civil penalties

The state Bureau of Securities has signed a final consent order that requires UBS to repurchase $1.5 billion in auction-rate securities from New Jersey cl...

N.J. tax preparation businesses cited for improperly advertising instand refunds

N.J. tax preparation businesses cited for improperly advertising instand refunds

Division of Consumer Affairs warns against Refund Anticipation Loans

The state Division of Consumer Affairs has fined five income tax preparation outfits improperly advertising so-called "instant," "sa...

Municipal bonds: Time to sell or buy munis?

Municipal bonds: Time to sell or buy munis?
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

I don't know about you, but my municipal bonds have of late lost me a painful amount of money. Among the various reasons for the decline: Investor...

Page 127 of 208

Follow/join us

Twitter: njnewsroom Linked In Group: 2483509