DEAR MR. BERKO: In April 2005, I bought 140 shares of Johnson & Johnson at $72 (including commission). It’s now $80; in the past eight years, it’s gained only 8 points. I guess I should be glad I don’t have ...Read More »
DEAR MR. BERKO: We are nine guys living in a retirement golfing community who began an investment club in January 2003. We each started with a $5,000 investment ($45,000), and every January, we invest another $5,000. So far, we have ...Read More »
DEAR MR. BERKO: I’m a 57-year-old woman who has been unemployed for three years, but not for lack of trying. My 57-year-old husband is a self-employed engineer and works from a home office. Our retirement portfolio is just getting back ...Read More »
My dad used to say, "The reason so many members of Congress and so many bankers are alive today is because it's illegal to shoot them." If you are depositing a check from the Bank of Iran, the Bank of Nigeria or the Bank of North Korea, I can understand "11 business days to clear." But you deposit a check from Monkey's Eyebrow, Ky. or Cuba, Kan. any morning of any day (except Saturday or Sunday), and it clears electronically at 2 p.m. that same day. If your bankster tells you differently, he/she is bloody dissembler.
Tagged with: Bank of AmericaRead More »
I recall that in 1997, the pudding-heads at the Federal Trade Commission put the kibosh on a proposed merger of Office Depot (ODP-$3.95) and Staples (SPLS-$13.25) because it feared the power of these two big-box stores. ODP and OfficeMax (OMX-$11.69) is a merger of two weak companies with a decade of declining revenues, cash flows, book values, earnings and share prices.
Tagged with: mergerRead More »
About five months ago, you wrote a coin column and told about some of the coins you own and how some of the collectible coins have gone up in price.Read More »
A money manager you introduced me to in early 2007 has barely done a fair job of running my portfolio. In each of the past six years, I've taken out 6 percent, and my portfolio value is barely up from $500,000, which I started with, to $553,000.Read More »
The stock market has had a phenomenal rise of more than 40 percent in the past 30 months. Unfortunately, none of my annuities or mutual funds or my good stocks – e.g., Microsoft, Intel, Johnson & Johnson, Emerson Electric, General Electric, General Dynamics, Cisco and Procter & Gamble – has done as well, though my dividend income has increased. How much longer do you think the market will continue upward? Last year, you recommended some risky dividend stocks, and I bought all of them because they looked good and had nice dividend yield. On average, they are up 45 percent. I have $43,000 of speculative money remaining and want your recommendation of some cheap issues – about $10 a share – that might have some appreciation. I'd like to buy 1,000 shares of each. My broker at UBS recommended several issues, but his cheap-stock recommendations have failed in the past. What would you recommend?Read More »