Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Thursday, September 8, 2005: Timing
doesn't work. You can't time the stockmarket nor the real estate market. But
you can apply measures -- like P/E and rents. By these measures, both the stockmarket
and the real estate market are high -- very high. Many observers see
markets going even further, at least short-term. But there are no generalizations.
Each of us has his own comfort
level. It's a strange world. I have friends
who are going 100% to cash.
I know others aggressively buying like there was no tomorrow.
The more rational ones -- I have a handful of rational friends -- are analyzing
each item in their portfolios, one by one. They see the world of investing morphing
+ Rebuilding efforts will propel massive economic growth in 2006. Economy.com
this week revised its 3.5% annualized GDP growth projection for the first half
of 2006 up to 3.9%. That's good news.
+ The massive amounts of steel, lumber, concrete and construction machinery
needed in the Gulf over the next few years will push construction costs up nationwide.
That's bad news for most of us -- except for the companies that make this stuff.
My friend likes
gun companies. He figures everyone will buy a weapon to put in their Disaster
Kit. Gun companies include Sturm Ruger (RGR) and Smith and Wesson
(SWB). S&P analyst Anthony Fiore has found some companies he feels should
benefit from the rebuilding. They are Quixote (QUIX), Manitowoc (MTW), Caterpillar
(CAT) and Astec Industries (ASTE). Personally, I'm still looking.
Katrina swindlers. Be wary: From today's New York Times:
as millions of Americans rally to make donations to the victims of Hurricane
Katrina, the Internet is brimming with swindles, come-ons and opportunistic
pandering related to the relief effort in Louisiana, Mississippi and Alabama.
And the frauds are more varied and more numerous than in past disasters, according
to law enforcement officials and online watchdog groups.
Airline miles are almost valueless: If you
have any and want to use them before you die, book early -- at least 9-12 months.
And even then, be very flexible about when and where you plan to travel to.
Credit cards that return cash remain a much better deal than those which return
Mossberg loves Apple's new Nano: Tiny, a color screen, storage for
1,000 songs, personal photos and contacts, a battery that lasts 14 hours, great
sound and some cool accessories. $249. Walt, who works for the Wall Street
Journal, says he's buying himself one. And from Walt, who's seen it all,
that's a HUGE compliment. For Walt's article, click
here. As to the Nano's affect on Apple's already-high stock (40+ P/E),
your guess is as good as mine.
Don't believe everything you read: Today Walt
Mossberg says if you want sharper text, use "ClearType." Please don't.
ClearType is not clear.
Useful medical statistic: There is more money being spent on breast
implants and Viagra today than on Alzheimer's research. This means that by 2040,
there should be a large elderly population with perky boobs and huge erections
and absolutely no recollection of what to do with them.
Tennis dumbness: IN the middle of last night's
great Agassi-Blake match, the USA Network cut off its broadcast and started
Law and Order. The match continued on CBS. In short, to watch the matches, try
USA or CBS. For the US Tennis Open TV schedule.
Children are not dumb
John and Marsha decided that the only way to pull off a Sunday afternoon
quickie with their 8-year-old son, Michael, in the apartment was to send him
out on the balcony with a Popsicle and tell him to report on all the neighborhood
activities. He began his commentary as his parents put their plan into operation:
"There's a car being towed from the parking lot," he shouted.
A few moments
passed. "An ambulance just drove by."
A few moments
later, "Looks like the Andersons have company," he called out.
a new bike "
are having sex."
and Dad shot up in bed. Dad cautiously asked, "How do you know they are
ever so calmly: "Jimmy Cooper is standing out on his balcony with a Popsicle
+ Manhattan Pharmaceuticals: Click
+ NovaDel Biosciences appeals. Click
+ Hana Biosciences appeals. Click
+ All turned on by biotech. Click
+ Steve Jobs Commencement Address. The text is available:
Click here. The full audio is available. Click
+ The March of the Penguins, an exquisite movie. Click
+ When to sell your stocks. Click
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. That money
will help pay Claire's law school tuition. Read more about Google AdSense,
here and here.