Diversifying Your Portfolio

Posted on March 27, 2008. Filed under: CASH, Dentists, Doctors, Finances, Financial Planning, Money, Opthalmologists, Orthodontists, Wealth | Tags: , , , , , , |

OK.. it was coming… coming….

The one thing “everyone” knows about investing is that you should have a diversified portfolio…. before I give you my thoughts on the subject, read Jeff Thredgold’s comments from his Tea Leaf (a must read… you can subscribe here):

 

 

March 26, 2008

 


Musings


Written by Jeff Thredgold, CSP, President, Thredgold Economic Associates

 

 

Bear Stearns

The market collapse of this “top five” investment banking firm is another powerful lesson (like Enron) in the value of investment diversity. Bear Stearns stock traded at roughly $160 per share in early 2007, and nearly $80 per share earlier this month, before collapsing to just a few dollars in recent days. The stock traded up to very low double-digits on Monday as JPMorgan Chase & Co. boosted its bailout offer from $2.00 per share to $10.00 per share to offset significant resistance. JPMorgan Chase also gained control of roughly 40% of Bear Stearns, effectively putting Bear Stearns under JPMorgan Chase control…

…just wondering how many of the investment professionals at BS had the majority of their retirement dollars in company stock?

Muse on that for a day … and we’ll talk more soon.

Be Smart!

B2

Make a Comment

Make a Comment: ( None so far )

blockquote and a tags work here.

Liked it here?
Why not try sites on the blogroll...