Just Passing Through
Article Abstract:
Individual home purchases have a better and better chance of obtaining mortgage money put up by individual investors. The purchase of pass throughs, as mortgage backed securities are known, are safe, high yielding, and can be purchased in quantities as small as one thousand dollars. But pass-throughs can be unpredictable, and for this reason, some people choose other investment strategies. Wall Street has come up with a new investment option, which is similar to the pass-through but offers some advantages. These collateralized mortgage obligations (CMOs) are grouped by when the mortgages which back them will mature, and a fixed rate of interest is paid at predetermined intervals. There are also mutual funds which buy mortgage backed securities. Rising interest rates can undermine the value of these investments; to counteract this there are mortgage loan partnerships. All of these different mortgage-backed securities offer high-yield and safety. Which one you choose will be determined by your preference concerning the predictability of income payments and maturity dates.
Publication Name: Money
Subject: Business
ISSN: 0149-4953
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
The Masterminds of Five Top Funds
Article Abstract:
Each manager of a mutual fund handles his investment strategy differently. Five mutual managers reveal a little bit about the investment tricks which have worked well for them. George Boltres, who manages the Oppenheimer Regency fund which has a $63 million dollar portfolio, likes to find new companies which have the promise of fast growth. Max Heine and Michael Price, who handle the steadily rising Clark Alysworth of United Services Gold feel that in the long run, gold will make a much better investment than almost anything else, and so they put their fund's money into mainly South African gold mines, which also pay them dividends. Peter Lynch, who manages Fidelity Magellan has an electric mix of stocks which have one thing in common - they are not high tech, but instead are an outstanding, but easy to understand, product or service. Charles Royce took over Pennsylvania Mutual when it was doing poorly, and turned it around by looking for stocks with increasing cash flow which are also selling at less than the company's private worth.
Publication Name: Money
Subject: Business
ISSN: 0149-4953
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
Stocks That the Pros Buy for Themselves
Article Abstract:
People that handle client money for investment usually choose a more conservative course for the money of others, and, when it comes to their own personal investments, these money managers generally follow the advice they give their clients. Four leading money managers are profiled to get their business and personal investment strategies. They all have criteria that an investment must meet before they will put money into it, and only one of the four invests his own money differently from that of his clients, to avoid any conflict of interest which could arise from such an investment pattern.
Publication Name: Money
Subject: Business
ISSN: 0149-4953
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Kicked into touch. The grapes of Rothbury
- Abstracts: Getting the group to work. The power of prediction. Go fast, slow down
- Abstracts: What are you paying for yours? The importance of levers. ITs a wonderful life
- Abstracts: Empowering the grass roots economy. The art of business. The season to be jolly?
- Abstracts: Shifting Images. Making Waves. The Cable Saga Continues