The European Union has sought China for help with solving the current debt crisis. The Europeans are asking the Chinese to invest in a fund setup as part of the European Financial Stability Facility (EFSF) program. Negotiations are underway between the two parties as the Chinese are keen to take advantage of the opportunity but …
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The price of Gold has soared in recent years and reached record highs earlier this year. In the past few months the price has stabilized slightly. On Friday (10/28/11) the spot price for gold closed at $1,743.40 according to Kitco. In the past 20 years, gold has returned an incredible 2,575% as shown in the …
Continue reading ‘A Look at Gold Prices from 1800 To 2011 and 10-Year Returns’ »
Fidelity Invesments’ Viewpoints recently published an interview with Doug Lober, manager of Fidelity Canada Fund (FICDX). In the interview Doug discusses the strong performance of the Canadian equity market relative to other developed markets and some of the opportunities that await investors north of the border. From the article titled Canada: Land of opportunity?: Developed …
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Bank of Ireland (IRE) effected a 1:10 reverse stock split on its ADR effective October 14, 2011. The ADR closed at $0.83 on Friday, October 14th. The stock will start trading at the reverse split price of $8.30 on Monday, Oct 17th. From Bank of Ireland Investor Relations site: The current ratio for Bank of …
Recently I came across an article titled “Buy, hold, regret” in the Buttonwood blog of The Economist. The main gist of the article was that the buy-and-hold theory does not work in all countries. From the article: IT IS a truth universally acknowledged that equities outperform over the long term, so that the best strategy …
Continue reading ‘Historic U.S. Asset Classes Return Over Different Periods’ »