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Tiêu đề Money: The 8 Habits of Winning Investors
Trường học University of Finance and Marketing
Chuyên ngành Finance
Thể loại Tài liệu
Thành phố Ho Chi Minh City
Định dạng
Số trang 10
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That guaran- Google by researching the daylights out tees you a pieee ofeverysuperstockthat ofaverysmallnumberofeompanies 12s0n Zweig isthe author of the new book Your Money and Your Br

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the intelligent investor

straightforward, two-part strategy and, more important, it means you'llbe portfolio into your one to three best ideas

First, direct 90% of your U.S equity adequately diversified and your investing ‘This way you'll let yourselfhave a little allocation intoa total stock marketindex _costswill be at rock bottom Then pursue fun You will also minimize your risk and fund that automatically gives youa stake your search for the next Microsoftor maximizeyourhope§

in thousands of companies That guaran- Google by researching the daylights out

tees you a pieee ofeverysuperstockthat ofaverysmallnumberofeompanies 12s0n Zweig isthe author of the new book Your Money and Your Brain, E-mail him at

already exists or might emerge later— and puttingthe remaining10% ofyour _investor@moneymail.com,

CC) (CBee eee teers

Emerging markets funds were the stars of an otherwise difficult month for MONEY 70 equity funds SSgA Emerging Markets posted the best

performance, returning 2.9% for the four weeks ended july 27 Bond fonds fared well American Century International Bond ed the way with a 2.6% gain Real estate funds—and REIT funds n particular—were hard hit The Vanguard REIT Index fund and REIT ETF were down 875%

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in Alaska’s N

a region produ

barrels of domestic oil per day

When Foreign Policy magazine asked

America’s top foreign policy experts what

should be made a higher priority in fighting the

\war on terror, 82% said ending dependence on

foreign vil One expert, former CIA director

James Woolsey, pointed out that “we borrow

y working day to import

a billion dollars eve

oil, an increasing share of it coming from the

Middle East.”

The nation’s most immediate altemative for

decreasing foreign oil dependency isto increase

domestic oil production In Alaska, energy

‘giants such as Chevron, Exxon Mobil and BP

not only produce 16% of America’s domestic

oil supply from the secure and stable North

Slope region, but also continuc to explore what

the U.S Geological Survey estimates to be

50 billion barrels of liquid petroleum (oil and

natural gas liquids) remaining to be discovered

in the northern state

Alongside the energy giants are smaller oil

and gas companies, adding their efforts to

boosting our country’s energy independence

FOXPETROLEUM

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INVESTOR RELATIONS 1.888.369.4744 cunns)

Recelve «Full Complimentary Information Package on the featured

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“We borrow a billion dollars every working day to import oil, an increasing share of it coming from the Middle East.”

and national security Among them is publicly traded Fox Petroleum Inc with an operations office in Anchorage, Alaska The company’s seasoned management team has secured over 32,000 acres of land, enhanced by its close proximity to major producers - such as BP and Exxon Mobil and existing production in the

Prudhoe Bay area,

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‘company, Fox Petroleum inc

The majority of Fox’s North Slope holdings border and lie partly within Prudhoe Bay, the continent’s largest oil field, which product

‘over 400,000 barrels of oil per day from roughly 1,100 active well sites To date, the Prudhoe Bay area alone, which exceeds 200,000 acres, hhas produced over 10 billion barrels of oil equivalent In 2007, a third-party geological report on Fox's properties determined the productivity of @ newly discovered field in this area could represent up to 160 million barrels

of oil or $9.92 billion at $62/barrel*

Fox Petroleum Quidk Facts

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calling for domestic and secure oil pister national security, the timing etter for Fox Petroleum’s efforts tomorrow's energy solutions y's large potential reserves in yen, stable oil and gas region, Bement team with over 50 years xperience, make Fox Petroleum .Q OTC BB: FXPE) a high-impact

offers shareholders an

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theintelligent investor

ightforward, qwo-part strategy

First, direct 90% of your U.S equity

allocation into a total stock market index

fund tha

in thousands of companies, Th

jutumatically gives you a stake

tees you piece of every superstock that

already exists or might emerge later

ory

Money

T OF RECOMMENDED MUTU

and, more important, it means you'll be adequately diversified and your investing costs will be at rock bottom, Then pursue search forthe next Microsoft or

by researching the davlights out

ry small number of compa

and putting the ren ning 10% of your

portfolio into your one to three best ideas,

you'll let yourself havea little fun, You will also minimize your risk and

pe $ Jason Zweig is the aut Your Money and Your Brain

investor@moneymail.com

ai hinw at

"1 Emerging markets funds were the stars of an otherwise difficult month for MONEY 70 equity funds SSgA Emerging Markets posted the best

performance, returning 2.99 for the four weeks ended July 27 Bond fonds fared well American Century International Bond led the way with 22.6%

gain Real estate funds—and REIT funds in particular—were hard hit The Vanguard REIT Index fund and REIT ETF were down 8.7%

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INTHE UNITED STATES

——

FOX PETROLEUM INC

310 K ST STE 200 ANCHORAGE AK 99:

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Trang 5

is a high growth put

ng America

reserves in Alask

ic company

barrels of dor

When Foreign Policy magazine asked

America’s top foreign policy experts what

should be made a higher priority in fighting the

war on terror, 82% said ending dependence on

foreign oil One expert, former CIA director

James Woolsey, pointed out that “we borrow

a billion dollars every working day to import

oil, an increasing share of it coming from the

Middle East.”

‘The nation’s most immediate altemative for

decreasing foreign oil dependency isto increase

domestic oil production In Alaska, energy

giants such as Chevron, Exxon Mobil and BP

not only produce 16% of America’s domestic

oil supply from the secure and stable North

Slope region, but also continue to explore what

the U.S Geological Survey estimates to be

50 billion barrels of liquid petroleum (oil and

natural gas liquids) remaining to be discovered

in the northern state

Alongside the energy giants are smaller oil

and gas companies, adding their efforts to

boosting our country’s energy independence

Fox in Alaska’s North Slope

FOXEPETROLEUM

* LẠPP Reeere le, Apil 2007 ** US, Geological Survey, 1991

“We borrow a billion dollars every working day to import oil, an increasing share of it coming from the Middle East.”

Be ea ramon SỐ

and national security Among them is publicly traded Fox Petroleum Inc with an operations office in Anchorage, Alaska The company’s seasoned management team has secured over 32,000 acres of land, enhanced by its close proximity to major producers —such as BP and Exxon Mobil — and existing production in the Prudhoe Bay area

Ve en 4 Set eee ad

Discoveries lrgfetolteseneire thecontnenl 5 1

opected Lifespan: 50+ year:

Noth Slope FY 2006 Productlon:845000 bldk Noh Slepe Expected Producior: 44 bien bamek:

Beaufort Sea

PCED TU Tate

ia

‘The majority of Fox’s North Slope holdings border and lie partly within Prudhoe Bay, the continent’s largest oil field, which produces

‘over 400,000 barrels of oil per day from roughly 1,100 active well sites To date, the Prudhoe Bay area alone, which exceeds 200,000 acres, hhas produced over 10 billion barrels of oil equivalent In 2007, a third-party geological report on Fox’s properties determined the productivity of a newly discovered field in this area could represent up to 160 million barrels

of oil or $9.92 billion at $62/barrel*

Fox Petroleum Quidk Facts

* Boplzrtion ft to 32490 scsofrine and

(99 bilonat60bame)*

Tp

ee ee

and ConocoPfilps

With experts calling for domestic and secure oil sources to bolster national security, the timing couldn't be better for Fox Petroleum’s efforts

in securing tomorrow's energy solutions

‘The company’s large potential reserves in Alaska’s proven, stable oil and gas region, and a management team with over 50 years

of industry experience, make Fox Petroleum Inc (NASDAQ OTC BB: FXPE) a high-impact public company that offers sharcholders an exceptional early stage opportunity to participate

in building America’s energy independence

Trang 6

sivy on stocks

New Stocks for Today’s

List of Top Growers

Three stocks are dropping off the Sivy 70 Hewlett-

Packard, ADP and Corning are replacing them

Building your portfolio around a

coreof blue-chip growth companies,

such as those in the Sivy 70, is one of the

smartest long-term strategies Not all 70,

stocks will be compelling bargains all the

time, but they're each worth owning if

you getthe chance to buy when the stock

is cheap relative to its growth potential

Unnecessary tumover cuts into your

returns, so I keep companieson the list

ifthey’re just going through a bad patch

From time to time, though, astock ceases

to meet long-term benchmarks And so,

basedon the latest data, Ihave replaced

Dell with Hewlett-Packard, First Data

with Automatic Data Processing and Tyco

International with Corning

The new additions have lite debt and

offer well-above-average growth Here’s

acloser look atthem

HP FOR DELL

‘The case for replacing Dell is simply

that the computer maker's results have

deteriorated, and it’s not clear how it

can restore rapid growth Dell's greatest

| ermenastsivy

strength has been cost-efficient produc- tion of made-to-order PCs, The company

haas had initial success broadening that business by selling through Wal-Mart and other stores But managing large inventories will make it harder to mai

tain profit margins

By contrast, Hewlett-Packard has been performing well since CEO Mark Hurd took over from Carly Fiorina in

2005 Today, HP isa leading producer of

computer servers and is tied with IBM in

many types of computer storagesystems

Inaddition, sales of notebooks and per- sonal computers are booming

Revenue rose 13% in the most recent

quarter And long-term earnings

growth is projected to average around 14% a year But even after nearly dou- bling over the past 2 years, the stock looks reasonably priced, trading at less

than 17 times projected earnings for the current year That superior perfor-

‘mance at amoderate multiple isa sharp contrast to slower-growing Dell, which trades at a premium P/E of almost 21

WHAT'S IN AND WHAT'S OUT

HP looks like the best immediate value, while more expensive but faster-

growing ADP and Coming should shine over the long term

[new]

Hewlett-Packard

Leader in several major

computer sectors, plus a

mn) ADP steady growth

from processing the paychecks of one in six

mn Corning Leading maker

of optical fiber and mate- tials used in lat screens

reasonable share price | private-sectorworkers | and solar panels

[men Dell Flagging business, First Data Likely to ‘Tyco Broke up to realize

strategic problems, yet | be taken private by a value but needs a growth

still pricey KKR affillate strategy beyond that

£82 September MONEY MAGAZINE®35]197,

ADP FOR FIRST DATA First Data, which processes credit-card transactions, would likely have disap- peared from the Sivy 70 (and the stock

market) in any event because ithas agreed

to be acquired by a Kohlberg Kravis Roberts affiliate To replace it, I've chosen Automatic Data Processing, which handles corporate payrolls It has more

than 570,000 business clients and pays

ix US private-sector workers

one in Earlier this year, ADP completed the tax-free spin-off ofits brokerage business

‘Thatleaves payroll processing as nearly

‘of continuing operations An

fine business, thanks to the efficiencies

that come with size and the eagemess of corporations to outsource data process- ing tohold down costs

ADP managed a 14% gain in revenue for the most recent quarter—and a 20°

rise in earnings from continuing opera-

tions Those big profits are helped by stock buybacks usingtheample cash

the company generates Analysts project

that earnings growth will average as,

‘much as 15% annually over the next five years Attractive for thelong term, ADP’s

stock is expensive right now ata 25 P/E

CORNING FOR TYCO

‘Tyco no longer seems right for the list because its growth prospects are medio- cre Nonetheless, investors have bid

up the stock over the past year because

Trang 7

(out of 385 domestic

mid-cap blend funds)

The Overall Morningstar

Rating for a fund is derived

from a weighted average of

the performance figures asso-

ciated with its three-, five-

and ten-year (if applicable)

Morningstar Ratings

‘Avie Fund was rated two stars

among 385, three stars among 317 and five stars among 132 domestic

mì cap enl lunk lr the thre cage BỊ rao baobsnbi

7s cespectvely For ea

with at east a three-year history,

Mornings calculates a Moruingstat

Rating based on a Morningstar

RiseAdjusted Retum mensu that

‘accounts for vation in fund's

monthly performance (including the fects of sales charges lady and

redempeion fes), placing mone

TS rewarding consistent perfor

ance These ratings change monthly “The top 10% of funds tran invest

ment ettegory receive five mars, the

thet 22.5% receive four stars the ext 3556 receive dhe stars the

ext 12.5% receive two stay and the

bottom 1086 receive one se

Momningstar does not gurantee the Secuacy sĩ thờ nErrarien

helped investors like you achieve long-term goals since 1983 In fact, we chose the tortoise as our symbol because it illustrates our faith in the moral of Aesop's fable—slow and steady wins the race, Call an Ariel Investment Specialist today and bring the value of patient investing

to your portfolio with the no-load Ariel Mutual Funds

ARIEL MUTUAL FUNDS

arielmutualfunds.com 800-292-7435

Past performance does not guarantee future results Investing in small and mid-cap stocks is more risky and more volatile than investing in

large cap stocks For a current prospectus, which includes the investment

objectives, risks, management fees, charges and expenses as well as other

information, call 800-292-7435 Please read the prospectus carefully before

investing ©2007, Ariel Distributors, LLC

{©2007 Mornings In Al Rigs Reed The information contained erin: (1) i pricy to Momngstar andor i

ontet providers (2) ray not be copied or dst: and (3) is not warnonted tbe acanat, complee or mel Nether Momingtar nor is content providers are response for apy damages o esses asin fom ary use of ths mormon

Trang 8

sivy on stocks

the company planned to split into three

pieces to realize hidden value Now that

the split up has been completed, it’s

unclear what would raise the share price

alot further

‘Toreplace'Tyco, I've chosen Corning,

the leading maker of optical fiber Du

the tech wreck, Corning’s stock col-

lapsed from more than $100 share in

2000 to less than $2 in 2002 Reason:

‘The massive oversupply of optical fiber

that was already installed stifled demand

But that surplus has now been largely absorbed, thanks to streaming video and other recent online services that require

enormous bandwidth capacity

Corning has two other businesses that seem like great 21st-century opportuni

ties The company is the leading maker

of liquid-crystal glass used in displays

for computers and flat-screen televi-

sions Through part ownership of Dow

Corning, the company's also a major sup-

plier of silicon products and other mate- rialsused in solar panels Both business are growing faster than 30% ayear The stockis fully priced atan 18 P/E, but

Corning’s earnings are expected to grow

ata long-term rate of 18%—which should lightup any stock portfolio $

Atennmoney.conysivy you can see the latest Sivy 70 data, E-mail editor-at-large Michael Shyatmsivy@moneymail.com

‘Market turmoil at the end of July turned a winning month into a loser Overall, more than twice as many stocks in the Sivy 70 fll as rose, Half a dozen were down at least 10% while none were up that much The double-digit losers were scattered in Industries across the Big Board: Hershey in food, InterActiveCorp in Internet commerce, retaller Limited Brands, Lowe's in home Improvement, brokerage Merrill Lynch and drug giant Wyeth

Abbott Laboratories A)

‘Aetna (Aen 48.65

AHAC (An) 52.87

‘Aleoa tt) 3741

American Express &4P) - 5855

‘Amgen (4st) 58.62

Anadarko Petroleum (4) 49.59

‘Anheuser-Busch GU) 48.65,

ApplledMateriasawan 21.56 | $

EfAutomatic Data roc anrias.45 | 0 | 199

Bankof America(sac) 3741 | -36 | -27

Best Buy B8) gaat | -sa | an

Boeing) 10371| 96 | 334

Burlington Northern (eu) #274 | 3.9 | 268

Caterpillar (caT 702| -39 | 93

isco systems (csc) 2897| 62 | 6A8

ColgatePalmoltve (cl) —_ 6845 185

‘Comcast (CMCSA) 2666 | a5 | a7s

ConoeoPhitips;con 7980| 33 | 197

Elceming (Giw) 2ast| 79 | 288

Danaher OH") 73.66 | -10 | 137

Disney 9) sa7a| -15 | ies

DuPont C0) 4682| -ss | 214

ExxonMobil om) asso| 25 | 307

FedExfb9 10943| -1A | 80

ForuneBrandsfO) 7940| -3# | 9À

Genentech (Ons) 7547| 1s | z4

General Bynamies(60) 79.38 180

GeneratBlectic (sy) 3829| 19 | 221

HaleyDavidson 06) 56.40] 5.8 | $6

EÄHenhey (0s, 45.90 | “103 | -1s0

EBHewletfadardgto 4646| 28 | 453

HoncDepot(HD) $3675 | 70% | 104% 155 12% 24%

IMinois Toot Works (TW) 5964 m1 162 12 1s

ImerActveCorp act) 30.38 257 R7 13 00

JpheenContoJS) - 10971 479 WA 14 JP-Morganchase vpn) 4423 21 94 10

158 15 12 EAMerifiynch ous 7526| 133 | 80 86 12 19

208 18 1.3 Mlerosoft usr 2939| 16 | 248 197 12 14

140 1319 NaRiVAPGRMNMAAMOO 7220| -05 | 191 153 10 19

218 18 00 OmnicomGraupom 5224| 234 | 172 179 12 1

25 M21 Procter&Gomblers) 6282| 28 | 136 207 11 22

450 18 00 | Sehlumbergerin 9403| 70 | 404 293 20 08

18S ló - 07 Targetctsn 4210| -26 | 358 7a 15 09

194 15 02 Texasinstruments nny 3513] -o8 | 200 199 158 09

1488 32 | Tmewamercwy 19.42] as | 212 198 14 lả

122 5 16 TROMEPHCECROM 4908| -56 | 274 207 14 14

165 14 04 | UnitedHeattnGroup unin 49.13 | -s1 | 06 142 180

156 10 20 UnitedTechnolges(um 7329| 25 | 206 178 17

366 2600 Viacomqnas 3766] -4s | 109 164 13 06

162 1218 Walgreen As) 4488| 11 | ss 212 15 09

176 10 29 WaHMWatMAMm 4594| -s3 | 73 1S 1ã 19

137 118 WashingtonMutualwwy 3865 | 83 | 84 106 B8

204928 Wels argo we) 4886| -S0 | -10 122 16 a7

167 14 07 Ex Wyeth owe 48ái|-48 | 31 l7 6 21

84 September MONEY MAGAZINE@35]1972-2007

Trang 9

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