By Malcolm Berko
Published: February 20,2012
Dear Mr. Berko: My wallet was stolen a year ago, and most folks have no idea what a job it has been to get my life back in order. The credit agencies have me listed as a bum, even though I pay all my real bills, and I still get calls from vendors who accepted my [...]
By Malcolm Berko
Published: February 17,2012
Dear Mr. Berko: What stock exchange firm do you work for? Is it true that you accumulate a big holding of a stock for all of your clients and then write good things about that stock in your newspaper column so that millions of investors will read about the stock? And when all these people who read [...]
By Malcolm Berko
Published: February 13,2012
Dear Mr. Berko: My only stock market investment is $207,000 in several Fidelity mutual funds, which are in my company retirement plan. I’m 56 and single. I earn a decent living and have almost zero debt. Both of my children are living away from home. A broker who has become a friend is so excited and bullish [...]
By Malcolm Berko
Published: February 7,2012
Dear Mr. Berko: The big New York money center bank stocks look like they may be selling at attractive prices. I have about $43,000 in my brokerage money market account that my broker thinks I should invest in Citigroup, Bank of New York, Wells Fargo, JPMorgan, Bank of America and Morgan Stanley. I would like to have [...]
By Malcolm Berko
Published: February 2,2012
Dear Mr. Berko: I’d like to buy 3,000 shares of Bank of America for a long-term investment. Please give me your opinion on this stock. If you don’t like it, would you recommend another bank or banks that I can invest in for a three- to five-year time frame? – ME, Fort Walton Beach, Fla. Dear ME: [...]
By Malcolm Berko
Published: January 30,2012
Dear Mr. Berko: I have $16,000 to invest in my IRA, and my broker has recommended that I buy Citigroup, Bank of America, Wells Fargo, JPMorgan and Bank of New York. He believes these five banks have “very attractive two- to three-year appreciation potential” and that my investment could triple in the coming three years. Please tell [...]
By Malcolm Berko
Published: January 27,2012
Dear Mr. Berko: I am 38 and married with an IRA worth $337,000, and I can save more than $1,500 a month. I’ve had some extremely good luck playing the market this year because I made a bunch of short-term trades that gave me sleepless nights, but some divine guidance made most of them work out. I [...]
By Malcolm Berko
Published: January 24,2012
Dear Mr. Berko: I have $64,000 invested in Chinese stocks, and I’m ahead by $6,000. What do you think of the Chinese market today for the next three years? Are there any Chinese stocks you would recommend? Also, what do you think of Manny Backus, who has a program called First Hour Trading advertised in Money [...]
By Malcolm Berko
Published: January 22,2012
Dear Mr. Berko: Is it possible to explain — simply — how the U.S. is lending money to Spain, Italy and other European countries so that they can pay their debts? How important is Europe to the world economy and the U.S.? Is this causing interest rates to rise in Europe, and will this cause interest [...]
By Malcolm Berko
Published: January 17,2012
Dear Mr. Berko: I'm a 35-year-old physician, and I'm finally getting married. A jeweler in Chicago has shown me a nearly flawless, $58,000, 5-carat diamond for my fiance’. It's a wonder to look at and seems like it could be a good investment. When I asked the jeweler how much this stone could be worth in 10 years, he couldn't answer me. So I'm putting this question to you. – WS, Chicago
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