November 7, 2008   

 
On this week's Consuelo Mack WealthTrack: following steep declines in the financial markets, what investment opportunities and risks lie ahead? Guests include 94-year-old Seth Glickenhaus, Chief Investment Officer of Glickenhaus & Co. who was working on Wall Street in 1929; municipal bond maven Jim Lebenthal, who will talk about the extraordinary values and perils being created in the municipal bond market; and Jonathan Clements, long time personal finance columnist at The Wall Street Journal, now Director of Financial Guidance at myFi, a new financial service from Citigroup who will discuss some of the serious mistakes investors are making and how they can avoid them.
 
 

Seth Glickenhaus

Senior Partner, Chief Investment Officer
Glickenhaus & Co.


“The One Investment...”
Energy Pipeline
- Enterprise Products (EPD)
  Price: $24.50 on 11/07
  52-week range: $16.00 - $32.64
  Yield 8.7%

Also Recommended:
- Navios Maritime Holdings (NM)
- Eagle Bulk Shipping (EGLE)


Jim Lebenthal

Co-Founder, Lebenthal & Co.
Author, Confessions of a Municipal Bond Salesman



“The One Investment...”

Top Credit

- AAA-rated state environmental facilities bonds of your home state

Example:
NYS Environmental Facilities Corporation
5% due 2027

Jonathan Clements

Director of Financial Guidance, myFi
Citigroup


“The One Investment...”

Automatic Investing
- Automate your savings
- Automate your 401(k)
- Automate your mutual fund investments

 
 
Consider Buying Stocks of Companies With
High & Growing Dividends

- Dividends = 40% of Total Return Over Past 80 Years

- Bear Market Dividend Outperformance
S&P 500 Top Dividend Payers Vs. Lowest Dividend Payers
Top Payers: -16.5%
Lowest Payers: -36.9%
Difference: 20.3%

Yield of S&P 500 Index Vs.
- 10-Year Treasury - Highest in 30 years

Vanguard High Yield Dividend Index ETF (VYM)
- T.Rowe Price Equity Income Fund (PRFDX)
 
 
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