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May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
March 25, 2010
No matter your age, there's an investment strategy for you
By
Gail Marks Jarvis
http://www.JewishWorldReview.com | (MCT)
It's a no-brainer to open an IRA by April 15 for tax advantages, but after the stock market trauma of the last few years, picking investments for it doesn't seem simple.
"I know I should be saving money for retirement, but I'm scared," said investor Dena Cohen. "I've been told that since I'm in my 30s, I should be in the stock market, but I don't know what to do."
That uncertainty often causes people to skip IRAs. But there are options for everyone, from those opening their first IRA to advanced investors interested in tweaking based on market conditions.
Financial planners have not strayed from their usual advice for people in their 20s, 30s and 40s, despite the more than 50 percent decline in stocks and the subsequent 70 percent upturn.
If you have years to go before you retire, you are likely to make more money in stock funds than in CDs, said financial planner Gary Bowyer. On average, bonds gain 5.5 percent a year, while stocks return 9.4 percent. Although some years are awful, Bowyer said, gains close to the average are likely over 20 or 30 years.
His advice for people in their 20s: Choose a stock market index fund such as the Vanguard Total Stock Market Index fund, or a mixture of U.S. and international stocks through a fund such as T. Rowe Price Spectrum Growth or Primecap Odyssey Growth. Both are almost entirely in stocks, so if you can't stomach the full force of a market downturn, use a fund containing some bonds, perhaps the moderately conservative Vanguard LifeStrategy Moderate Growth. For people younger than 40 who won't be scared by stock downturns, financial planner Mark Wilson chooses LifeStrategy Growth.
Financial planners want people to have a mixture of stocks and bonds. For someone around 40, it might be about 70 percent in stocks so money grows significantly over time and 30 percent in bonds in case the market tanks.
But what if you've been doing that and wonder whether you'd be better off adding stocks or bonds through this year's IRA? Analysts have expressed concerns about both: The possibility that stocks would fall around midyear as the government pulls away from economic stimulus efforts, or that bonds would decline if interest rates rise.
Most financial planners tell people not to worry about short-term downturns: Saving a little every month in stock and bond funds will work over time. For an IRA, a simple balanced fund such as the Vanguard Balanced Fund would commit about 60 percent to stocks and 40 percent to bonds, said Bowyer.
Still, if you don't want to take a chance investing in stocks just before a possible downturn, Jack Ablin, a strategist with Harris Private Bank, suggests a Seix Floating Bank Rate fund. It invests in bank loans, which would make it vulnerable if the economy worsens and people can't repay their loans. But if the economy continues to strengthen and rising interest rates threaten bonds, Ablin expects this fund to do well.
Advisers like individuals to divide stock market money into U.S. and foreign stocks. If you have neglected U.S. stocks, consider the Fairholme Fund run by Bruce Berkowitz, Morningstar's domestic stock fund manager of the decade. If you have snubbed foreign stocks, a Morningstar pick is Oakmark International. Wilson devotes about 12 percent of clients' portfolios in international funds.
It has become popular to look for investments that don't act like stocks or bonds, that make money when both fail you. Bowyer puts 15 percent of his clients' money in such "diversifiers."
His selections: Hussman Strategic Growth, which shorts, or bets against, stocks so investors can make money in downturns; the Merger Fund, which buys stocks in pending acquisitions and makes money if the merger occurs; and the Pimco All Asset All Authority, which can buy stocks, bonds and commodities and can short stocks.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Gail Marks Jarvis is a personal finance columnist for the Chicago Tribune and author of "Saving for Retirement without Living Like a Pauper or Winning the Lottery." Comment by clicking here.
Previously:
03/01/10: IRS tax credit rewards savers with low incomes
02/16/10: Your tax refund is a waste of money
02/06/10: Changes to credit card rules won't perfectly protect consumers
09/24/09: Recession's end doesn't make stock picking any easier
08/25/09: Weigh risks of being overly conservative with investments
07/06/09: Fear can force better investment planning
06/10/09: Best stock buys passed quickly, even for pros
05/12/09: On Wall Street, signs plant a seed of hope
04/08/09: Analysts debate the future of the rally
03/19/09: Gold unlikely to pan out as cure-all
02/29/09: Housing credit could provide sizable boost
02/19/09: Rebalancing being put in different light
02/04/09: Diversification doesn't always offer insulation
01/27/09: Taking steps can help regain some control
01/20/09: How to save for college during a recession
01/12/09: Bonds still risky option to stocks
12/24/08: Some predict mid-2009 for return to investing joy
12/09/08: A small dose of short funds may be useful
11/11/08: Mutual funds can get caught in downward spiral
10/27/08: Investors can bounce back from even the worst of times
10/20/08: Want to sell? Look at 401(k), but don't leap
10/16/08: Want to be like Buffett? There are ways
09/29/08: Money protection only goes so far, so know the risks
08/26/08: Retail stocks may not be best fit for investors
08/20/08: Rear-view mirror investing can be dangerous to a portfolio
07/01/08: What do we do? My daughter didn't get a scholarship
02/25/08: Before abandoning your mutual fund
02/14/08: Dirty little secret of some funds may be haunting
01/29/08: Sorting out the stock market
01/03/08: One word for 2008 crystal-ball gazers: Caution
12/11/07: Buy and hold isn't necessarily tried and true
11/26/07: Translating the falling dollar's implications for investors
11/13/07: Gradual retirement may not be key to happiness
11/05/07: Rate cut won't offer immunity to investors
10/29/07: Employers set to help workers save in 401(k) accounts
10/22/07: Playing bounce may be costly to stock investors
10/10/07: Investors find boring often can be fruitful
10/01/07: Make up lost time with swift, smart action
09/24/07: Balance is key for investing by retirees
09/18/07: Homeowners who wait see options fade
09/04/07: Easy matter to rate fund's performance
08/27/07: Mortgage mess could be good for savers
08/17/07: Small stocks are coming with large caveats
© 2007, Chicago Tribune Distributed by McClatchy-Tribune Information Services
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