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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

177.0. "T. Rowe Price investment tidbits..." by HABS11::MASON (Explaining is not understanding) Tue Apr 28 1992 11:53

    I had asked T. Rowe Price for some prospectus information. I received
    it in three separate packages. In each was a nice little 8.5x11 doc on
    recycled paper. I forget the exact title, but it is a series of
    investing "lessons".
    
    I will be asking them about others (mine were #s 208, 210, and 211 of
    series 1), but has anyone else seen these? What do you think about
    their objectivity? Value? Seems like the whole series might make a good
    basis for investing knowledge.
    
    Cheers...Gary

T.R	Title	User	Personal Name	Date	Lines
177.1	For example?	MINAR::BISHOP		`Tue Apr 28 1992 13:32`	3
	No, I haven't seen them. What are they? -John Bishop
177.2	And the answer is...	HABS11::MASON	Explaining is not understanding	`Tue Apr 28 1992 18:56`	10
	They are called "Insights". The three I was sent(with different prospectus packages) are: Vol 1 #208 Conservative Stock Investing Vol 1 #210 Managing Risk Through Diversification Vol 1 #211 Growth Stock Investing All are between two and four pages in length. None are dated. Cheers...Gary
177.3	Just a wild guess, but	VMSDEV::HALLYB	Fish have no concept of fire.	`Wed Apr 29 1992 08:33`	1
	I'll bet they extol the virtues of mutual funds...
177.4	Keep us posted	CGOOA::DURNIN		`Thu Apr 30 1992 19:14`	8
	Hi, Please keep us posted on the availability of these "tidbits" They could make for some interesting reading although I agree they could be a little tilted towards MF's. But I certainly like and utilize the MF approach in our portfolio's. Jim
177.5	TRP obtaining lines of credit	EVMS::HALLYB	Fish have no concept of fire	`Mon Oct 09 1995 12:49`	24
	I read in today's _Barrons_ (end of page MW12, I think) how T. Rowe Price has been going around to various banks to secure lines of credit. Apparently TRP feels that an October sell-off is likely enough that they don't want to get caught in a downward spiral of redemptions that force sales, thereby lowering prices and causing further redemptions. So instead the idea is that they would not sell their portfolio but rather borrow money to pay off redemption requests, keeping the stock instead of dumping it into a falling market. This would have much the same effect as if they were buying stocks on margin. I know of no official word on this, so this is all speculative. But it is interesting to think of the consequences: [1] If the market takes a severe drop this fall, those who invest in TRP near the bottom will do better than those who buy other funds near the bottom. You've got more shares working for you. [2] If the market takes a severe drop and does not recover quickly, TRP fund holders who held through the drop will do worse than those who sold at the first 50-point loss. They will be paying interest on money borrowed to "buy" stocks at higher prices. John
177.6		NETCAD::DESMOND		`Mon Oct 09 1995 15:49`	6
	I thought I read in _The Boston Globe_ or in _U.S. News and World Report_ that several mutual fund companies were taking this route. I seem to recall that if the fund has a line of credit like this, they have to pay for it whether they use it or not. John