April 6, 2014 |
Why bother with a "go-anywhere" mutual fund? For many investors the answer may be that there's no need. If you have a well-diversified portfolio and a truly long-term focus, your asset mix may suit you just fine. Older investors who are more fearful of severe losses, however, may have a different view. Ditto for investors who are looking to put money to work now but are wary with many stocks near record highs and with bond yields depressed. Chris Hauswirth, a principal at investment advisory firm Wetherby Asset Management in San Francisco, said he uses go-anywhere funds for 5% to 10% of some clients' portfolios, as a way to add diversification.
April 6, 2014 |
Question: Our manager refuses owner requests for documents, causing our association to be sued several times a year. Each time she comes to court as a defendant, she brings her so-called evidence and answers, "Your honor, see Exhibit X. " She overloads on exhibits, most of which are contrived for the purpose of that hearing. Her main strategy includes putting on big exhibit head notes supposedly explaining what each exhibit consists of, but when the exhibits are scrutinized and read, they have little or nothing to do with what is head-noted.
April 4, 2014 |
No sooner did the mountain move -- the $125-million Fleur de Lys chateau listing that held the price peak in the Southern California market sold this week for a record-breaking $102 million -- than another pinnacle popped up to take its place at the summit of the price spectrum. Reentering the fray at $135 million is what's known as the Beverly House, built by local banker Milton Getz in the 1920s and known as the onetime residence of publishing magnate William Randolph Hearst and actress Marion Davies.
April 4, 2014 |
CARACAS, Venezuela - Officials at Venezuela's largest university called on President Nicolas Maduro on Friday to help protect students after masked pro-government vigilantes attacked a peaceful gathering on campus and injured seven people. Victor Marquez, president of the faculty association at the Central University of Venezuela in Caracas, said the attack Thursday on a group of about 1,200 students was carried out by men armed with metal pipes and wooden rods as national guard members stood by. Witnesses said the assailants also had pistols, but no shots were fired.
April 3, 2014 |
Last week I blogged about a middle school dress code in Illinois that bars girls from wearing shorts, leggings and yoga pants to school. All too predictably, the dress code has drawn the wrath of feminists, whose credo is that females of all ages should be allowed to wear whatever they like whenever and wherever they like, and if you've got a problem with that, you're promoting "rape culture. " Now, a federal judge in Nebraska has blogged a version of a dress code for young female lawyers, pointing out that it's not really a good idea for them to sport revealing necklines and hemlines while they're arguing cases in courtrooms.
March 28, 2014 |
CALIFORNIA | LOCAL
March 26, 2014 |
An Anaheim councilwoman is under growing pressure to resign following her online remarks that a fatal police shooting of a 21-year-old man had “saved us a trial.” Lucille Kring, who now is running for mayor of Orange County's largest city, quickly apologized for her remarks, but some residents pushing for her resignation said it was too late. Robert Moreno Jr., 21 was fatally shot last Thursday by officers following a police chase. Authorities said Moreno had fired at officers and injured a police dog, Bruno.
CALIFORNIA | LOCAL
March 25, 2014 |
Los Angeles County officials will ask the state to do more to keep film production in California. The county's Board of Supervisors voted unanimously Tuesday to send a five-signature letter to Gov. Jerry Brown and members of the Legislature asking them to "recognize the negative impacts high taxes and excessive regulations have on the entertainment industry and provide reforms to make California competitive with other states who are successfully luring...
March 24, 2014 |
Justin Bieber has been lowering the behavior bar lately (against stiff competition) in the struggle for top slot in the Annoying Celebrity Act-Out stakes. He's been accused by a next-door neighbor of egging a house in Calabasas, arrested on DUI charges in Florida after drag racing in a rented yellow Lamborghini, caught on YouTube urinating in a bucket in a restaurant kitchen, etc. His antics apparently have alarmed even First Lady Michelle Obama, on the record in the pages of People magazine.
March 21, 2014 |
U.S. lawmakers have asked Gilead Sciences Inc. to justify the price of its new $84,000 drug for hepatitis C patients amid growing concern about the high cost to taxpayers and consumers. In a letter to the Foster City, Calif., company, Rep. Henry A. Waxman (D-Beverly Hills) and two other Democratic lawmakers asked Gilead Chief Executive John C. Martin to explain the rationale for selling Sovaldi for $1,000 per pill. Medical experts say previous therapies for hepatitis C helped only about half of patients and had numerous side effects, such as flu-like symptoms, anemia and depression.