Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
AM EST Tuesday, August 29, 2006: Slowly I've been
lifting my investments abroad. My favored countries include Canada, Australia
and Germany. I like Canada and Australia because of their minerals and commodities.
I like Germany because it seems to be awakening. I only invest if the deal makes
sense. I don't do it because I believe the US dollar will continue to slowly
weaken. I see that weakening as a bonus. One nice performer: Vanguard's International
Value Fund (VTRIX). I've talked about it before.
this story early this morning:
The dollar declined
on speculation. An industry report today will show consumer confidence fell
to the lowest this year, making it less likely the Federal Reserve
will resume raising interest rates.
The U.S. currency
is heading for a monthly loss against the euro as traders bet the European
Central Bank will raise its key rate twice more with consumer confidence in
Germany at the highest in almost five years. The Fed broke a two-year cycle
of rate increases earlier this month in response to signs of slower growth.
Minutes of the (Fed) meeting will be released later today.
downside risk to the data today, and that's a negative for the dollar,'' said
Steve Barrow, chief currency strategist at Bear Stearns Cos. in London. "Our
view is the Fed will pause again in September.''
The dollar fell
to $1.2818 per euro at 10:16 a.m. in London, from $1.2779 in
late New York trading yesterday, poised for a 0.4 percent monthly decline.
The U.S. currency also dropped to 116.76 yen, from 117.18, the biggest slide
in two weeks. It was lower today against 14 of 16 major currencies tracked
The euro earlier
reached a record against the yen as the Financial Times Deutschland reported
the ECB has decided to raise its forecasts for growth and inflation in the
confidence climbed to 8.6 in August from 8.5 the month before, Gfk, a market-research
company, said today. That's the highest since November 2001. The ECB
(European Central Bank) will likely maintain its key rate at 3 percent
this week after four increases since December. Futures traders are betting
on two further moves before the end of the year to cool inflation as growth
Board's index of U.S. consumer confidence fell to 102.5 from 106.5 in July,
according to the median forecast of a Bloomberg News survey. The New York-based
board will release the results of its survey at 10 a.m. local time.
A similar index
compiled by the University of Michigan declined more than forecast in August,
to 78.7 from 84.7, according to a report on August 18. ...
you missed yesterday's story on the housing bust,
There are bargains coming soon in real estate. Good
idea: Keep cash on hand. Be ready to pounce. Muni NY floaters are now paying
the a taxable equivalent yield of 5%. When a cheap property appears,
bid extra low. Be prepared to walk. When God closes a door, he always opens
a window, i.e. there's always another opportunity. Nobody ever went broke saying
NO. Cash has never burnt hole in anyone's pocket. (Enough already with the cliches
this morning, Harry.)
How do you tell when there's no news? When
the press starts running anniversary stories. Please spare me any more stories
on Katrina, one-year later. I'm sympathetic, but bored -- especially
with New Orleans' mayor.
1. Best pocket camera -- the Canon SD700.
Image stabilization makes a huge difference. But the BIG key is to brace yourself
against a wall or sit at a table.
2. Memory continues to plummet. My SD700 takes SD cards. TigerDirect
is advertising a 2GB card for $39.99. Click
here. NewEgg has one for $29.99 (after a $13 rebate). Click
here. You'll never fill a 2GB card in one vacation. Trust me. a 2gig
card holds 1500 photos.
3. The easiest way to transfer photos to your PC is not with a cable,
but with a card reader. This $20 Linksys one slides into the PCMCIA slot in
It takes a bunch of different memory cards, including the SD card, which the
SD700 uses. Click
here. MSI has a similar one for $14.99. It takes these memory cards:
SD, mini SD, MMC, RS-MMC, MMC4.0, RS MMC 4.0, Micro SD and MMC Mobile. Click
Some flat screen TVs will actually accept these card readers, thus allowing
you to watch your vacation photos directly on a massive screen. My Sharp Aquos
LCD takes such a card. I can show pictures myself larger than life. This is
The best traveling bag: This is the bag
I took to Europe biking. It's called the Eagle Creek Load Warrior. It comes
in three sizes -- 22", 25" and 30". I took the 30".
The bag's pluses:
1. Light as a feather.
2. Rolls like a charm.
3. Has huge space -- 6000 cubic inches.
4. It's soft. So you can keep stuffing and stuffing and more stuffing.
5. It has two handles, making it real easy to heft into a taxi.
6. Sturdily made. It stood up well.
7. Cheap. $180. Click
US Tennis Open begin yesterday, with a spectacular
late-night match -- Andre Agassi versus Andrew Pavel. Agassi won. Today's matches
include Amelie Mauresmo, Maria Sharapova, Martina Hingis, Marat Safin and Leyton
Hewitt. For today's Schedule of Play, click