Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
AM EST Wednesday, December 6, 2006: I don't know how to pick the
high. And the good news is the markets continue to rise. The best time to take
a little off the table is when markets are strong, like now. You want to feed
them when they're hungry.
lied: Australia still issues bonds. Not many -- only $AUD5.3 billion
of them this year. But they still issue them. I have no idea where I got the
wrong information from -- though you have to admit it's a great story: Tiny
country in the South Pacific is paradise in every way -- from its sound fiscal policies
to its nice friendly people to its nice warm weather to its glorious beaches.
Sometimes reporters just want to believe their own BS. And therein lies the
obvious lesson: Never believe anything you read anywhere -- without checking.
resident (that's you and me) can buy Australian Vanguard index funds. (This
is all checked.) Here's the list. Click
here. For the latest performance figures to end November 2006, click
here. The most popular Vanguard equities fund is something call the
Vanguard Index Australian Shares Fund. Performance for the 12 months to end-November
was 23.8%. For the last three years it averaged 25.1%. For nine
years it's averaged 13.8% a year.
To invest, go
to Vanguard's Australian site. Click
here. You'll notice two categories -- personal investors and institutional
investors. There's no difference between the offerings, except the fees and
the minimums. To be an "institution" you need to invest $AUD500,000
-- about $400,000 in declining American dollars. As an institution, Vanguard
will charge you 0.34% a year for to manage your monies and 0.2% (20 basis
points) one-time charge when you go to sell. If you're a personal investor,
they'll charge you 0.75% on your first $50,000 per fund, 0.50%
on your second $50,000 and then 0.35% a year on all monies after that.
Whichever you choose, that's lower than virtually every US mutual fund -- except
the ones set up to compete with Vanguard.
The Vanguard Index
Australian Shares Fund is basically Australia's largest 300 companies -- what
it calls the ASX (Australian Stock Exchange) 300.
Vanguard Australia has the usual Vanguard collection of friendly, helpful people.
They work from 8 AM to 6 PM. and are easy to reach by phone 011-613-8888-3888
(they're 16 hours ahead of American EST) or email: Click
down under seems like a genuine no-brainer. I repeat yesterday's picture of
the gaining Australian dollar (or the inverse -- the declining US dollar.
For more on Australia, see yesterday's column, click
loves memory books:
I love photo memory books. Instead of having
200 loose prints of your Thanksgiving Day soiree lying around, better to make
a hard cover coffee table book. I've been happily using YorkPhoto.com.
Walt Mossberg of the Wall Street Journal has a big piece on memory
books today. Click
here. He also loves them. He prefers My
Publisher. I haven't use them, but will try them in the next day or
so. Whichever way you go (except Kodak EasyShare Gallery which is a disaster),
you won't be unhappy with the results. These books make super presents. Hints:
+ Best to Photoshop the pictures before you send them. Lighten them, Sharpen
the. Remove red eyes, etc.
+ Don't crop your photos too closely. All services will crop from the top
of your pictures, which means you may lose the tops of heads.
crud is going around: Everyone is sick. I tried
antibiotics. But the crud came back. While you have it, it's debilitating. You
just want to sleep. You'll get better, eventually. Promise.
Viewing the funeral
Two men are at the funeral of a friend and they are looking into
the open coffin.
One man says:
Gee, he looks great, never better.
The second man
responds: And why not, he jogged every day!
value of flattery
A woman, standing nude, looks in the bedroom mirror and says to her husband,
"I feel horrible,
I look fat and ugly. Pay me a compliment."
The husband replies,
"Your eyesight is perfect."
He never heard
At the restaurant
Millie: "The food here is terrible."
Ruth: "Yes and such small portions."
This column is about my personal search
for the perfect investment. I don't give investment advice. For that you have
to be registered with regulatory authorities, which I am not. I am a reporter
and an investor. I make my daily column -- Monday through Friday -- freely available
for three reasons: Writing is good for sorting things out in my brain. Second,
the column is research for a book I'm writing called "In Search of the
Perfect Investment." Third, I encourage my readers to send me their
ideas, concerns and experiences. That way we can all learn together. My email
address is .
You can't click on my email address. You have to re-type it . This protects
me from software scanning the Internet for email addresses to spam. I have no
role in choosing the Google ads. Thus I cannot endorse any, though some look
mighty interesting. If you click on a link, Google may send me money. Please
note I'm not suggesting you do. That money, if there is any, may help pay Claire's
law school tuition. Read more about Google AdSense, click
here and here.