I think it's time to pause,said Charles Schwab,founder of the famous retail brokerage that bears his name.We've had nothing but three to four years of an improving market.My own view is,a core part of your portfolio should be in index funds,and then have a portion in active management.My favour is for small cap stocks.*
The Charles Schwab brokerage has signed a 20-year sponsorship deal with the PGA's Champions Tour,which affords professional golfers ages 50 and above a chance to continue their careers.What could be the motivation for signing such a long agreement?We love the content of golf,Mr.Schwab explained.There are 26 Champions Tour tournaments each year.It's an opportunity to take our clients to a tournament and even for them to play in a pro-am tournament.It's not only advertising,but establishing a relationship with our clients.*
Notable golfers such as Bernhard Langer,Fred Couples and Miguel Angel Jimenez currently participate in the Champions Tour.*
There are a lot of similarities between investing and golf,and we get to communicate that,Mr.Schwab added.*
Charles Schwab Inc(SCHW),iShares Core S&P Small-Cap ETF(IJR)
Showing posts with label Bernhard Langer. Show all posts
Showing posts with label Bernhard Langer. Show all posts
Monday, January 26, 2015
Monday, May 5, 2014
Monday Newsline:Portugal's Better;China PMI;Langer Wins
Portugal will end its three-year,78 billion euro bailout from the EU and IMF on May 17,as it says it has financial reserves for one year and no longer needs an emergency line of credit.Portugal's exports and austerity measures have strengthened the economy to this level.The country's unemployment rate is at 15.3% and its debt to GDP is 129%.*
Australian bank Westpac showed a profit increase of 8%,while ANZ Bank's profit rose 11%.Westpac said the improvement was due to loan growth and wealth management fees.*
China National Nuclear Corporation is to be publicly listed in Shanghai.The IPO aims to raise 2.6 billion dollars.CNNC is China's second largest nuclear plant operator.*
The HSBC China Manufacturing PMI came in at 48.1,the fourth straight monthly decline.Below 50 indicates contraction in the sector.Deflationary pressure is still there in China,said Yao Wei,China economist at Societe Generale.We think the economy will remain relatively weak.A hard landing for China would be 5% growth.It's all about reform at the end of the day,Ms.Wei noted.*
Most Asian markets were lower Monday on the contraction of Chinese manufacturing.US stock futures were also lower on fears that the Ukraine crisis is getting out of hand,with large demonstrations and a deadly fire in Odessa,while the price of safe haven gold rose.*
In Champions Tour golf,German Bernhard Langer won the Insperity Invitational at The Woodlands,Texas by one stroke.It was his third win at the tournament,and with it he consolidated his lead in the Charles Schwab Cup standings.American Fred Couples took second,and Colin Montgomerie of Scotland came in third.
Australian bank Westpac showed a profit increase of 8%,while ANZ Bank's profit rose 11%.Westpac said the improvement was due to loan growth and wealth management fees.*
China National Nuclear Corporation is to be publicly listed in Shanghai.The IPO aims to raise 2.6 billion dollars.CNNC is China's second largest nuclear plant operator.*
The HSBC China Manufacturing PMI came in at 48.1,the fourth straight monthly decline.Below 50 indicates contraction in the sector.Deflationary pressure is still there in China,said Yao Wei,China economist at Societe Generale.We think the economy will remain relatively weak.A hard landing for China would be 5% growth.It's all about reform at the end of the day,Ms.Wei noted.*
Most Asian markets were lower Monday on the contraction of Chinese manufacturing.US stock futures were also lower on fears that the Ukraine crisis is getting out of hand,with large demonstrations and a deadly fire in Odessa,while the price of safe haven gold rose.*
In Champions Tour golf,German Bernhard Langer won the Insperity Invitational at The Woodlands,Texas by one stroke.It was his third win at the tournament,and with it he consolidated his lead in the Charles Schwab Cup standings.American Fred Couples took second,and Colin Montgomerie of Scotland came in third.
Subscribe to:
Posts (Atom)