Stock Talk - David Falkof, Morningstar
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Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
We talked about mutual funds every morning our guest is David alcohol from Morningstar David welcome to the show how are you today. I'm very well thank. It was taken a look at your pics of mutual funds Harbor International HI IE and -- why do you like this particular mutual fund David. Is that responded sub advised by northern cross which. Very strong long term oriented firm and they've been running this fine released in the -- eighties. Which is they're really good track record would be. The men who who Israel for a long time they can -- your current. He's no longer part of -- -- is team. Is still running a fundamental another name managers and they've been involved what on earth for many years -- it is they they look for some strong every advantage businesses to -- on the long run. How are really have -- -- well pat -- of the problems in Europe impacted their return -- last year to. So it. It's an impact of the return -- -- Lately been favoring European companies that are closely tied or emerging markets -- great China. And so that that hasn't helped find. An innocent by owning major incumbent. Discuss their region but. They they have done fairly well there's. This past year. They're up about four point 6% which is. Better than because of their category. -- they've done all right good. Yes certainly moreover you're expletive this one minute news. But yet -- T. Rowe Price capital appreciation fund this fund has been around gosh I for a long time you probably know the answer is is to win. I'm gonna say 1920s that is Eric call this fund rarely loses money is that correct. It -- yes I think. It historically was run more conservative -- you but the -- men who took over in about 2000. Sixty. Taken a fine display more. Rest of approaching it that Google -- more equities that it previously would have. So it's not the same as it used to be but still very here and long term but it is positive and are moderate allocation -- could still does on some bond. And commanders sometimes weren't convertibles. What are it. Mixture between -- botanists. And so -- It is a good way to sort of have a core hole and it to a more cautious. And that the stock that does sound and be blue chip big companies. And David and retirement series what of these of these funds EC and they say 2030 year 2035. On them is set. Is that we -- referring to. Yeah that's exactly ray and -- on sort of hear that it -- -- have sophisticated. Since setup to government they're designed. To mean an individual person agent that just overtimes. It's -- their needs and -- -- -- You know become more conservative as they get older. But they also there's you very easy to understand and this sort of spot where you don't need to there's a disorder which is using. Passive. -- accusing index on you don't need to monitor very much insert scared her. Investors is sort need to print supermarket but not miniature out of deep into the -- -- how to invest. I'd just occurred well structured on Twitter for as a basic core holding borrowers. It just it goes to investments. Didn't those funds -- get a lot of trouble during the crash of 2000 anytime talking about fidelity had those lifestyle funds and -- know being guards had them for awhile didn't they perform poorly during the dot market down on. I think what. It challenges its its understanding what they're intended for and so a lot of -- But it is sort of guaranteed investment. And that they when there's money in the downturn. And David you know that stokes those whose stock market and they did many of them did lose money. But it took them these innovative spirit and of course of long term meaning your retirement needs many years in the future. They they did come back in 2009 in -- they've done. As you would expect from the in the past is yours. So I'd do you think they still are suitable for a long investors. And do -- we -- have a nose knows what it was that. Despite what happened to designate. Money was still going into these on and on nine and two point had just because most investor acts in them. Their phone K it says it steady. Investment give credit. And it's kind of the investment that you may if you don't wanna pay attention to your money right -- Hit a great way to do yeah. That eighty I and I'm not I've got to tell you have David I've never been a big fan of those funds. But -- and I talked to a couple people and they say look I don't care about money don't pay attention -- money I don't wanna watch it every month I said okay well maybe. Maybe that is the rate -- Yeah exactly. Yeah. Just just very easy and often. Pictures -- well Dana thank you very much for your time I sure appreciate. It -- says David stop off for morning so let me give you those three mutual funds that he highlighted Harbor International T. Rowe Price capital appreciation. In the vanguard target retirement series.
