The brokerage rated Firstar a ”buy.”Valuation process is used to find out some disadvantages if property had and then you will try to improve that area.The Forum for Investor Advice , a mutual fund trade organization, has a free brochure, ”Keeping a Cool Head About Y2K,” that explains the talk about possible Year 2000 computer problems and offers suggestions to prepare for any disruptions.
The brochure is available at the group’s Internet site, www.investoradvice.org.Lehman Brothers has upgraded AK Steel Holding Corp. to a ”buy” rating from ”outperform” last week.The recent drop in price for the Middletown, Ohio, steelmaker has made the stock ”compellingly cheap” on the base of its price-to-earnings ratios and free cash flows.
Lehman kept its one-year target price at $35 per share, more than double AK’s recent price in the mid-teens.Patrick Larkin is a staff reporter for The Post. His column appears weekly.
DEAR BRUCE: I have $4,000 in an account earning 3 percent, and I have a pension plan at work. I know nothing about investing, but I feel that I should be doing something more with my money. Would you please suggest how to find CDs or other ways to invest? – S.G., Fort Thomas, Ky.
DEAR S.G.: I would suggest that you get yourself an education. Allowing money to sit around at 3 percent is foolish. You are shoveling money down a rat hole. While a savings account is good for the short term, using it as a parking place is not an investment.I would suggest that you spend some time at the library learning the language of investing and finding out what you can about CDs, mutual funds and the like. Then you would be in a better position to make a decision.
With the amount of money you have, you’ll be very hard pressed to find anyone to help you with that decision unless they are helping themselves. I would look at that advice very carefully.
DEAR BRUCE: I am in a company that matches 401(k) contributions dollar for dollar up to 4 percent. I earn $70,000 a year. I recently received a $6,000 raise, and I would like to put it into my retirement. Which would be the better deal: going into my company plan or going out and doing it myself, by putting it in a Roth IRA or some other area? – J.C., Ind.
DEAR J.C.: You would be better off contributing to your company plan as much as you are able, since this is a straight deductible item now. Who knows if you will need a tax shelter sometime later on? With money above that, you would be well advised to consider the Roth IRA.
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