October 17, 2008   

 
On this week's Consuelo Mack WealthTrack, the state of the economy, markets and financial system. Former Fed and Treasury official Peter Fisher weighs in on the impact of government policies, institutional investment consultant Charles Ellis shares the views of major global investors plus wall street insights from his new book, "The Partnership: the Making of Goldman Sachs", and Warren Buffet student and growth fund manager Robert Hagstrom discusses where he is finding growth at Buffet prices.
 
 

Peter Fisher

Managing Director & Co-Head, Fixed Income Portfolio Management
BlackRock


“The One Investment...”
Worldy Bonds
- Templeton Global Bond Fund (TPINX)
  Price: $10.98 on 10/17
  52-week range: $10.98 - $12.18

Charles Ellis

Founder, Greenwich Associates

On the Bookshelf: The Partnership: The Making of Goldman Sachs



“The One Investment...”

Foreign Diversification
- Vanguard Total International Stock Index (VGTSX)
  Price: $10.97 on 10/17
  52-week range: $10.78 - $21.89

Robert Hagstrom


“The One Investment...”

Mega-Quality
- iShares S&P 100 Index (OEF)
  Price: $44.86 on 10/17
  52-week range: $39.85 - $72.83

 
 
Consider Buying Pre-Refundable Municipal Bonds

Pre-Refundable Municipal Bonds
- Security of Treasury Bonds
- Tax-free status of munis
- Interest payments & principal are backed by Treasury Securities
- Yields as much as two full percentage points higher than comparable Treasuries


To read Warren Buffett's editorial in the New York Times, click here.
 
 
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