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Investing





TOP STORY  

   Vice Fund is `socially irresponsible,' easy to grasp, recession-proof
The Vice Fund went on sale to the public Sept. 3, billing itself as a "socially irresponsible fund" that will put investors' assets into four industry sectors: tobacco, gambling, liquor and defense.


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HEADLINES  

An old-fashioned approach to bonds
Brian Matthews, lead manager of the $250 million Payden Core Bond fund, describes himself as an old-fashioned bond manager. "If you want go-go numbers, invest in stocks or junk bonds," he said from his office in Los Angeles, adding that such potential returns, of course, come with heightened risk.

Big Mama had better choices
WHEN IT CAME to investing, my grandmother had one strategy -- protect your principal. Big Mama put all of her money in a passbook savings account. She didn't invest in stocks. The only bond she ever bought was the adhesive material used to hold her dentures in place.

Vice Fund is `socially irresponsible,' easy to grasp, recession-proof
The Vice Fund went on sale to the public Sept. 3, billing itself as a "socially irresponsible fund" that will put investors' assets into four industry sectors: tobacco, gambling, liquor and defense.

It's likely too late to buy bond funds
Despite some signs that the economy is slowly strengthening, a perennial Wall Street safe haven - the bond mutual fund - is pulling in big sums from still-skittish investors.

Stock returns without risk: Can it be true?
A number of financial products offer investors stock returns without any risk, but that sounds a bit too much like a free lunch to be true. These products usually do protect investors during times of crashing markets, but return less than real stocks during rising markets.

Put power of diversity into bonds
Diversification could not keep a stock portfolio from losing money last month -- nothing does if you hold stocks during broad-based sell-offs. But until then, a portfolio divided among large and small stocks, growth and value, U.S. and international, and with a dose of real estate investment trusts, would have shown only minor losses since the bear market started in the spring of 2000.

War bonds a big hit with investors, but reason is unclear
The government is reporting a 36 percent boost in sales of an ordinary savings bond that was transformed into a war bond after Sept. 11. Whether that can be attributed to patriotism remains unclear.

Beaten-up tech stocks getting another look
You may have heard the latest on tech investing: Which was better, buying $1,000 of stock in a leading company during the bubble, say, Nortel, or a diversified portfolio of six-packs of beer?

Street still insane about tech stocks
The word on Wall Street is there are lots of bargains in technology stocks after their bone-jarring plunge. But the cold reality is, it's a lot of hype.


OPINION  
Charles Jaffe

   Playing the market? Better have a defensive strategy
In 1995, a small but vocal group of investment experts was predicting that the stock-market bubble would burst. Don Christensen was among the leaders of the band, largely because of his book Surviving the Coming Mutual Fund Crisis (Little Brown). Christensen and others were preaching caution seven-plus years ago. They were nervous that the bull market could not continue and that the bear was lurking.



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