More Profits and More Risks (By Martin Weiss)
8/18/2006 8:00:00 AM
If you didn't pay close attention to Steve Chapman when I interviewed him here in Money and Markets last year, you may want to listen more carefully now.
He named some of the mutual funds his clients were holding, and each of those is up nicely since, even after the corrections we saw in May and June.
Plus, he said he was avoiding investments in the broad U.S. stock indexes like the S&P 500 and the Nasdaq. And sure enough, those indexes have gone virtually nowhere this year, even after the strong rallies you've seen in the last few days.
* The S&P 500, for example, closed last year at 1,254; last night it was at 1,298, up a meager 3.5% for the year.
* The Nasdaq, meanwhile, closed last year at 2,218 and ended the day yesterday at 2,157, down 2.8% for the year.
Not exactly a way to make good money, especially in light of the risk you're taking with the natural vagaries of the market.
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