1. CISCO - I was intrigued of the most dominant brand in the market today on VOIP, network adapters as well as routers. This brand is no other than linksys. I was trying to figure out what's the stock symbol of this phenominal "Linksys" stuff but I did not have the chance to find it, until I searched with google: linksys + Stock Symbol and a I came accross with cisco and linksys and I got this pretty interesting article here which made me realized that linksys is one of the division of Cisoo: http://www.marketcenter.com/stocks/story.action?id=BIZ203b2971
2. Comcast Corp, SHAW.CA : At the end of 2003, alternative voice providers like Vonage controlled 66 percent of U.S. Internet telephony subscribers, according to the Yankee Group. It predicts that by year's end, that percentage will drop to 19 percent, with cable operators at 56 percent and traditional phone companies at 25 percent.
Cable TV operators and traditional phone companies control the wires into homes -- and often the network far beyond. In many cases, there's no need for voice traffic to ever move over what's considered the public Internet. On their private networks, companies can give voice packets priority.
In fact, most analysts expect the big battle to be between existing cable TV and phone companies. Cable companies are hoping to swipe telco customers with voice services. Phone companies want to keep their existing companies and plan to offer TV over their networks.
Ultimately, voice services will converge not only with computers but also with TVs, he said. In the next 18 months, you'll start to see prompts on your TV for processing e-mail, voicemail or incoming calls. Eventually, you'll be able to handle that communications right through your TV, Wren said. http://cnews.canoe.ca/CNEWS/TechNews/TechAtHome/2005/04/13/995535.html
3. VONAGE.CA : A big problem for Vonage and a host of other alternative providers -- such as 8x8 Inc.'s Packet8 and Primus Telecommunications Inc.'s Lingo -- is that they piggyback on home broadband connections controlled by other companies.
NEWS: http://cnews.canoe.ca/CNEWS/TechNews/TechAtHome/2005/04/13/995535.html
http://blogs.zdnet.com/ip-telephony/index.php?cat=19
4. TELUS: So far, phone companies appear to be at a disadvantage because their Internet offerings use DSL technology and it degrades the farther out from the central office. DSL also lacks the capacity of the cable industry's data pipes, though phone companies are beginning to roll out high-bandwidth fiber to residences.
5. CSC : When the space shuttle Discovery touched down safely August 9, capping a successful 14-day mission that marked NASA's return to manned space flight, it was due in part to a CSC-supported supercomputer that helped make the shuttle safe for landing.
http://www.csc.com/features/2005/27.shtmlStock: http://finance.yahoo.com/q?s=CSC&d=tAnalysis: The following discussion and analysis provides information management believes relevant to an assessment and understanding of the consolidated results of operations and financial condition of Computer Sciences Corporation (CSC or the Company). The discussion should be read in conjunction with the interim consolidated condensed financial statements and notes thereto and the Company's Annual Report on Form 10-K for the year ended April 1, 2005. The following discusses the Company's results of operations and financial condition as of and for the three months ended July 1, 2005, and the comparable period for the prior fiscal year.
http://biz.yahoo.com/e/050808/csc10-q_a.html
6. Rogers : http://www.rogers.com/english/investorrelations/index.html
7. Nokia: http://yahoo.businessweek.com/magazine/content/05_44/b3957025.htmA Whole New Wireless Order Nokia and rivals are turning out phones that switch between rival technologies
Pretty soon, that mobile gizmo in your pocket may spend as much time chatting over the air as you do. But instead of closing a sale or trading gossip with a friend, your phone will be jumping from one network to another, tirelessly seeking the right wireless access at the best price in every location.
One minute, the phone might be connected to a conventional cellular operator. Moments later, as you pass within range of a Wi-Fi hotspot, it could switch automatically to a faster and cheaper connection to download a batch of e-mails. While you stroll around the mall, it might pick up coupons from stores via free short-range Bluetooth radio. Then, overnight, it could receive the day's sports highlights via digital-TV broadcast for you to watch on your morning commute.
A world where many different types of wireless networks coexist and compete for traffic is just around the corner. And nobody is pushing harder to make it happen than Finnish giant Nokia Corp. (NOK ), maker of nearly one-third of the world's mobile handsets. The company is racing into every imaginable type of wireless technology. Says Antti Vasara, vice-president for corporate strategy: "The world is not just cellular anymore. There are lots of other ways to make bits fly."
The ferment at Nokia's headquarters in Espoo, Finland, confirms how seriously the company is thinking beyond cellular -- especially when it comes to the promised land of wireless data. Half of all new Nokia phones now come with built-in Bluetooth radio, which can beam data 30 feet over unlicensed airwaves at speeds of more than 700 kilobits per second, enough to zap a digital photo to a friend's phone in a half-minute. Nokia also has started building Wi-Fi into some products, including the $800 9500 Communicator phone/PDA hybrid and a new $700 high-end camera and music phone, called the N91, that stores up to 3,000 songs. The N91 can download tunes over zippy third-generation (3G) mobile networks, but Wi-Fi is up to 10 times faster -- and often free. "Some scenarios work better using access other than cellular," says Anssi Vanjoki, who heads Nokia's $6.5 billion multimedia products division.
That's a new message from the Finns. Nokia once hung its future on 3G, but now it's collaborating with Intel Corp. (INTC ) on microwave technology that could eventually rival 3G. Called mobile WiMAX, it's a faster, longer-range version of Wi-Fi that doesn't require users to be stationary. Separately, Nokia is also testing technology that turns handsets into portable TV sets. Perhaps Nokia's most radical departure is the new N770 Internet Tablet. No thicker than a deck of cards, the $350 palm-size Web browser has no cellular radio at all. Instead, it connects via Wi-Fi to a home network or public hotspot or, using Bluetooth, through a nearby mobile phone, to the Wireless Web. Analysts see this wealth of new options as a plus for customers. "As long as the technology works and services are seamless, users will get better prices and performance," says Lars Godell, telecom analyst with Forrester Research in Amsterdam.
The shift is already rocking the rest of the wireless industry. Mobile operators that have built their businesses around cellular technologies such as GSM and CDMA must sort out the threat from the likes of Wi-Fi and WiMAX. Some, such as Vodafone Group (VOD ) and most of the U.S. giants, are staying loyal to cellular. That's a defensible position: Some of the new air links, such as Bluetooth and home Wi-Fi, are free, so carriers earn no revenues from them; others such as mobile WiMAX are unproven. Boston's Strategy Analytics figures that even by 2008, cellular will account for 98% of the $703 billion wireless services market.
Other carriers are hedging their bets. Germany's T-Mobile runs some 13,000 hotspots in the U.S. and Europe and is testing WiMAX and other non-cellular wireless schemes in Germany and the Czech Republic. Wi-Fi's rise is even drawing some fixed-line operators back to the wireless game. Britain's BT Group PLC sold its mobile unit years ago. But it recently rolled out a service that uses cellular outdoors while routing calls made at home to a cheaper Wi-Fi Internet connection.
Nokia isn't alone in eyeing the splintering market. Motorola Inc. (MOT ) makes the dual-mode phone used for BT's new service and has rolled out a GSM/Wi-Fi phone, called the CN620. The Koreans, as usual, are charging ahead -- not just with Wi-Fi and Bluetooth but also with WiBro, a system for mobile digital-TV broadcast. "Every five years there's a rumble in the operator world," says Mark Whitton, a general manager at Canada's Nortel Networks Corp. (NT ), which has announced a new push into WiMAX and "mesh" networks of overlapping Wi-Fi hotspots.
To stay in the game Nokia knows it must keep innovating. The company won't say how much of its $4.8 billion annual R&D budget is spent on multiradio technology, but it has committed to including Wi-Fi in virtually all future devices from its multimedia and enterprise products groups. The technical challenges are immense. Nokia's 9500, for instance, contains no less than eight radios and antennas to support various GSM and 3G frequencies, plus Bluetooth and Wi-Fi. "It's getting more and more difficult for engineering," says Niklas Savander, senior vice-president for mobile devices in the enterprise group. Fortunately, chipmakers are doing their part. Sequoia Communications has just unveiled a chip that handles five different kinds of radio while boosting battery life.
It might have been easier for Nokia to stay focused solely on cellular technology. After all, 3G is just getting off the ground, and planned cellular successors will offer sizzling speeds with the ease of use and broad coverage consumers have come to expect. But ignoring the threats and opportunities from radical alternatives would be foolhardy. "We have to invest in them all," says Ilkka Raiskinen, Nokia's senior vice-president for entertainment products. And that makes for a new day in wireless.
8. Multi Cap Funds: http://www.savvy.com/work_and_money/your_money/go-anywhere_multicap_funds_may_be_good_bet.aspx
Go-Anywhere Multicap Funds May Be Good Bet
Multicap funds defy classification. In these go-anywhere offerings, portfolio managers have the freedom to roam into whatever areas of the market they think are set to shine, and historical returns suggest that could give them an edge. Mutual funds are typically categorized by the types of stocks they hold and their investing style. Many managers focus on narrowly defined areas such as small-cap growth stocks or mid-cap value. Index funds that track the Standard & Poor's 500 are large-cap blends, because they hold big stocks of both the growth and value persuasion.
Managers of multicap funds aren't limited by any restrictions; they invest in whatever stocks strike their fancy. So, perhaps it's not surprising that this chunk of the fund universe includes some rather quirky offerings, including some remarkably good _ if volatile _ performers. Fund tracker Lipper Inc. classifies any fund that isn't 75 percent committed to one market cap on a consistent basis as a multicap. By this definition, multicaps account for some 28 percent of U.S. diversified funds.
"Over the very, very long term, there's a slight performance edge to multicap funds when you compare them to the other three kinds," said Don Cassidy, a senior research analyst with Lipper. "And that probably ought to be, because they have a degree of freedom the other folks don't have. If you're able to go play in the whole sandbox, you can't say, 'Well, it's been a terrible year for large-cap.' That's not a good excuse."
Multicap funds gained 13.97 percent over the last three years, compared to a 10.47 percent advance for large-cap funds, according to Lipper. Five-year annualized returns, which include the post-bubble downturn, show a 3.07 percent drop for large-caps, but a more modest 0.51 percent decline for multicaps. The multicap edge is reflected over longer time frames, as well.
The fund-buying community seems to have noticed the trend. Through September of this year, Lipper estimates some $76.18 billion has flowed out of large-cap funds, while $64.97 billion has flowed into multicap funds.
Before you rush out and start shopping, take a close look at what's already in your portfolio. You might be surprised to find a multicap offering already lurking there, perhaps under a misleading label.
Under federal regulations, funds with sectors or regions of the world in their names are required to hold at least 80 percent of their portfolios in their advertised niche. But the rules don't extend to cap size, because there isn't broad agreement on where the dividing line lies between small- and mid- and large-cap stocks. That means a fund you thought was a large-cap offering might be only 50 percent invested in big companies.
That's not necessarily a bad thing, if a fund is performing well and doesn't duplicate your other holdings. But understand what you own, and be sure you're comparing apples to apples when you check performance against other similar funds. Among other things, multicap funds tend to have higher turnover rates than typical large-cap funds, partly because they're trading in a larger universe of stocks. They also tend to have higher expense ratios, which is an important thing to consider. Too-lofty fees can easily erase the multicap performance advantage.
Most importantly, because the edge multicap funds enjoy grows out of the fact they're actively managed, the person in charge really matters. When you find a fund with a good track record, check to see how long the manager has been there. If there have been personnel changes recently, future performance may suffer.
Standout multicap blends include the Hodges Fund (HDPMX), which posted the best returns in the category over the last three years, rising 35.63 percent; it's also among the top performers over the last five years, with a 10.83 percent advance. Among all-cap growth offerings, Legg Mason Opportunity Trust (LMOPX), managed by Bill Miller, posted an impressive 25.11 percent advance over the last three years, and has the best five-year record of the category, with a 9.47 percent return. A consistent performer in the multicap value category is Muhlenkamp (MUHLX), which has risen 23.31 percent over the last three years and 12.24 percent over the last five.
What these funds all have in common is highly regarded and long-tenured managers with decisive investing styles that can sometimes lead to volatile returns. They also tend to have high expense ratios and other fees that might put off self-directed investors. But in a confusing market where it isn't clear what asset class willl next take the lead, an all-cap fund with a smart manager holds great appeal.
The role a multicap fund plays in your portfolio depends on your other holdings and your appetite for risk. For a more sophisticated investor, a multicap fund can serve a supporting role. Smaller investors might consider using a multicap as a core holding, though it probably wouldn't be wise to make it your only bet. If you're truly just starting out, a balanced fund or fund of funds that offers exposure to all different kinds of stocks and bonds would get you more diversity at a lower price, said Diane Maloney, president of Beacon Financial Planning Services in Plainfield, Ill. Anytime you invest in an actively managed fund, it requires added vigilance.
"So much depends on the manager ... and therein lies the risk," Maloney said. "Not only are you likely to have volatility, but also, managers change. Someone who has done well building up a book of business might move on, and it may be that no one can replace their performance."
2. Comcast Corp, SHAW.CA : At the end of 2003, alternative voice providers like Vonage controlled 66 percent of U.S. Internet telephony subscribers, according to the Yankee Group. It predicts that by year's end, that percentage will drop to 19 percent, with cable operators at 56 percent and traditional phone companies at 25 percent.
Cable TV operators and traditional phone companies control the wires into homes -- and often the network far beyond. In many cases, there's no need for voice traffic to ever move over what's considered the public Internet. On their private networks, companies can give voice packets priority.
In fact, most analysts expect the big battle to be between existing cable TV and phone companies. Cable companies are hoping to swipe telco customers with voice services. Phone companies want to keep their existing companies and plan to offer TV over their networks.
Ultimately, voice services will converge not only with computers but also with TVs, he said. In the next 18 months, you'll start to see prompts on your TV for processing e-mail, voicemail or incoming calls. Eventually, you'll be able to handle that communications right through your TV, Wren said. http://cnews.canoe.ca/CNEWS/TechNews/TechAtHome/2005/04/13/995535.html
3. VONAGE.CA : A big problem for Vonage and a host of other alternative providers -- such as 8x8 Inc.'s Packet8 and Primus Telecommunications Inc.'s Lingo -- is that they piggyback on home broadband connections controlled by other companies.
NEWS: http://cnews.canoe.ca/CNEWS/TechNews/TechAtHome/2005/04/13/995535.html
http://blogs.zdnet.com/ip-telephony/index.php?cat=19
4. TELUS: So far, phone companies appear to be at a disadvantage because their Internet offerings use DSL technology and it degrades the farther out from the central office. DSL also lacks the capacity of the cable industry's data pipes, though phone companies are beginning to roll out high-bandwidth fiber to residences.
5. CSC : When the space shuttle Discovery touched down safely August 9, capping a successful 14-day mission that marked NASA's return to manned space flight, it was due in part to a CSC-supported supercomputer that helped make the shuttle safe for landing.
http://www.csc.com/features/2005/27.shtmlStock: http://finance.yahoo.com/q?s=CSC&d=tAnalysis: The following discussion and analysis provides information management believes relevant to an assessment and understanding of the consolidated results of operations and financial condition of Computer Sciences Corporation (CSC or the Company). The discussion should be read in conjunction with the interim consolidated condensed financial statements and notes thereto and the Company's Annual Report on Form 10-K for the year ended April 1, 2005. The following discusses the Company's results of operations and financial condition as of and for the three months ended July 1, 2005, and the comparable period for the prior fiscal year.
http://biz.yahoo.com/e/050808/csc10-q_a.html
6. Rogers : http://www.rogers.com/english/investorrelations/index.html
7. Nokia: http://yahoo.businessweek.com/magazine/content/05_44/b3957025.htmA Whole New Wireless Order Nokia and rivals are turning out phones that switch between rival technologies
Pretty soon, that mobile gizmo in your pocket may spend as much time chatting over the air as you do. But instead of closing a sale or trading gossip with a friend, your phone will be jumping from one network to another, tirelessly seeking the right wireless access at the best price in every location.
One minute, the phone might be connected to a conventional cellular operator. Moments later, as you pass within range of a Wi-Fi hotspot, it could switch automatically to a faster and cheaper connection to download a batch of e-mails. While you stroll around the mall, it might pick up coupons from stores via free short-range Bluetooth radio. Then, overnight, it could receive the day's sports highlights via digital-TV broadcast for you to watch on your morning commute.
A world where many different types of wireless networks coexist and compete for traffic is just around the corner. And nobody is pushing harder to make it happen than Finnish giant Nokia Corp. (NOK ), maker of nearly one-third of the world's mobile handsets. The company is racing into every imaginable type of wireless technology. Says Antti Vasara, vice-president for corporate strategy: "The world is not just cellular anymore. There are lots of other ways to make bits fly."
The ferment at Nokia's headquarters in Espoo, Finland, confirms how seriously the company is thinking beyond cellular -- especially when it comes to the promised land of wireless data. Half of all new Nokia phones now come with built-in Bluetooth radio, which can beam data 30 feet over unlicensed airwaves at speeds of more than 700 kilobits per second, enough to zap a digital photo to a friend's phone in a half-minute. Nokia also has started building Wi-Fi into some products, including the $800 9500 Communicator phone/PDA hybrid and a new $700 high-end camera and music phone, called the N91, that stores up to 3,000 songs. The N91 can download tunes over zippy third-generation (3G) mobile networks, but Wi-Fi is up to 10 times faster -- and often free. "Some scenarios work better using access other than cellular," says Anssi Vanjoki, who heads Nokia's $6.5 billion multimedia products division.
That's a new message from the Finns. Nokia once hung its future on 3G, but now it's collaborating with Intel Corp. (INTC ) on microwave technology that could eventually rival 3G. Called mobile WiMAX, it's a faster, longer-range version of Wi-Fi that doesn't require users to be stationary. Separately, Nokia is also testing technology that turns handsets into portable TV sets. Perhaps Nokia's most radical departure is the new N770 Internet Tablet. No thicker than a deck of cards, the $350 palm-size Web browser has no cellular radio at all. Instead, it connects via Wi-Fi to a home network or public hotspot or, using Bluetooth, through a nearby mobile phone, to the Wireless Web. Analysts see this wealth of new options as a plus for customers. "As long as the technology works and services are seamless, users will get better prices and performance," says Lars Godell, telecom analyst with Forrester Research in Amsterdam.
The shift is already rocking the rest of the wireless industry. Mobile operators that have built their businesses around cellular technologies such as GSM and CDMA must sort out the threat from the likes of Wi-Fi and WiMAX. Some, such as Vodafone Group (VOD ) and most of the U.S. giants, are staying loyal to cellular. That's a defensible position: Some of the new air links, such as Bluetooth and home Wi-Fi, are free, so carriers earn no revenues from them; others such as mobile WiMAX are unproven. Boston's Strategy Analytics figures that even by 2008, cellular will account for 98% of the $703 billion wireless services market.
Other carriers are hedging their bets. Germany's T-Mobile runs some 13,000 hotspots in the U.S. and Europe and is testing WiMAX and other non-cellular wireless schemes in Germany and the Czech Republic. Wi-Fi's rise is even drawing some fixed-line operators back to the wireless game. Britain's BT Group PLC sold its mobile unit years ago. But it recently rolled out a service that uses cellular outdoors while routing calls made at home to a cheaper Wi-Fi Internet connection.
Nokia isn't alone in eyeing the splintering market. Motorola Inc. (MOT ) makes the dual-mode phone used for BT's new service and has rolled out a GSM/Wi-Fi phone, called the CN620. The Koreans, as usual, are charging ahead -- not just with Wi-Fi and Bluetooth but also with WiBro, a system for mobile digital-TV broadcast. "Every five years there's a rumble in the operator world," says Mark Whitton, a general manager at Canada's Nortel Networks Corp. (NT ), which has announced a new push into WiMAX and "mesh" networks of overlapping Wi-Fi hotspots.
To stay in the game Nokia knows it must keep innovating. The company won't say how much of its $4.8 billion annual R&D budget is spent on multiradio technology, but it has committed to including Wi-Fi in virtually all future devices from its multimedia and enterprise products groups. The technical challenges are immense. Nokia's 9500, for instance, contains no less than eight radios and antennas to support various GSM and 3G frequencies, plus Bluetooth and Wi-Fi. "It's getting more and more difficult for engineering," says Niklas Savander, senior vice-president for mobile devices in the enterprise group. Fortunately, chipmakers are doing their part. Sequoia Communications has just unveiled a chip that handles five different kinds of radio while boosting battery life.
It might have been easier for Nokia to stay focused solely on cellular technology. After all, 3G is just getting off the ground, and planned cellular successors will offer sizzling speeds with the ease of use and broad coverage consumers have come to expect. But ignoring the threats and opportunities from radical alternatives would be foolhardy. "We have to invest in them all," says Ilkka Raiskinen, Nokia's senior vice-president for entertainment products. And that makes for a new day in wireless.
8. Multi Cap Funds: http://www.savvy.com/work_and_money/your_money/go-anywhere_multicap_funds_may_be_good_bet.aspx
Go-Anywhere Multicap Funds May Be Good Bet
7:39 AM PST - Wednesday, November 02, 2005
AP Staff
AP Staff
Multicap funds defy classification. In these go-anywhere offerings, portfolio managers have the freedom to roam into whatever areas of the market they think are set to shine, and historical returns suggest that could give them an edge. Mutual funds are typically categorized by the types of stocks they hold and their investing style. Many managers focus on narrowly defined areas such as small-cap growth stocks or mid-cap value. Index funds that track the Standard & Poor's 500 are large-cap blends, because they hold big stocks of both the growth and value persuasion.
Managers of multicap funds aren't limited by any restrictions; they invest in whatever stocks strike their fancy. So, perhaps it's not surprising that this chunk of the fund universe includes some rather quirky offerings, including some remarkably good _ if volatile _ performers. Fund tracker Lipper Inc. classifies any fund that isn't 75 percent committed to one market cap on a consistent basis as a multicap. By this definition, multicaps account for some 28 percent of U.S. diversified funds.
"Over the very, very long term, there's a slight performance edge to multicap funds when you compare them to the other three kinds," said Don Cassidy, a senior research analyst with Lipper. "And that probably ought to be, because they have a degree of freedom the other folks don't have. If you're able to go play in the whole sandbox, you can't say, 'Well, it's been a terrible year for large-cap.' That's not a good excuse."
Multicap funds gained 13.97 percent over the last three years, compared to a 10.47 percent advance for large-cap funds, according to Lipper. Five-year annualized returns, which include the post-bubble downturn, show a 3.07 percent drop for large-caps, but a more modest 0.51 percent decline for multicaps. The multicap edge is reflected over longer time frames, as well.
The fund-buying community seems to have noticed the trend. Through September of this year, Lipper estimates some $76.18 billion has flowed out of large-cap funds, while $64.97 billion has flowed into multicap funds.
Before you rush out and start shopping, take a close look at what's already in your portfolio. You might be surprised to find a multicap offering already lurking there, perhaps under a misleading label.
Under federal regulations, funds with sectors or regions of the world in their names are required to hold at least 80 percent of their portfolios in their advertised niche. But the rules don't extend to cap size, because there isn't broad agreement on where the dividing line lies between small- and mid- and large-cap stocks. That means a fund you thought was a large-cap offering might be only 50 percent invested in big companies.
That's not necessarily a bad thing, if a fund is performing well and doesn't duplicate your other holdings. But understand what you own, and be sure you're comparing apples to apples when you check performance against other similar funds. Among other things, multicap funds tend to have higher turnover rates than typical large-cap funds, partly because they're trading in a larger universe of stocks. They also tend to have higher expense ratios, which is an important thing to consider. Too-lofty fees can easily erase the multicap performance advantage.
Most importantly, because the edge multicap funds enjoy grows out of the fact they're actively managed, the person in charge really matters. When you find a fund with a good track record, check to see how long the manager has been there. If there have been personnel changes recently, future performance may suffer.
Standout multicap blends include the Hodges Fund (HDPMX), which posted the best returns in the category over the last three years, rising 35.63 percent; it's also among the top performers over the last five years, with a 10.83 percent advance. Among all-cap growth offerings, Legg Mason Opportunity Trust (LMOPX), managed by Bill Miller, posted an impressive 25.11 percent advance over the last three years, and has the best five-year record of the category, with a 9.47 percent return. A consistent performer in the multicap value category is Muhlenkamp (MUHLX), which has risen 23.31 percent over the last three years and 12.24 percent over the last five.
What these funds all have in common is highly regarded and long-tenured managers with decisive investing styles that can sometimes lead to volatile returns. They also tend to have high expense ratios and other fees that might put off self-directed investors. But in a confusing market where it isn't clear what asset class willl next take the lead, an all-cap fund with a smart manager holds great appeal.
The role a multicap fund plays in your portfolio depends on your other holdings and your appetite for risk. For a more sophisticated investor, a multicap fund can serve a supporting role. Smaller investors might consider using a multicap as a core holding, though it probably wouldn't be wise to make it your only bet. If you're truly just starting out, a balanced fund or fund of funds that offers exposure to all different kinds of stocks and bonds would get you more diversity at a lower price, said Diane Maloney, president of Beacon Financial Planning Services in Plainfield, Ill. Anytime you invest in an actively managed fund, it requires added vigilance.
"So much depends on the manager ... and therein lies the risk," Maloney said. "Not only are you likely to have volatility, but also, managers change. Someone who has done well building up a book of business might move on, and it may be that no one can replace their performance."
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