Anonymous asked in Business & FinanceInvesting · 1 decade ago

I'd like to address this to people who invest people's money as a profession?

Keeping the oppinions professional and unbiased, to the best of your knowlege, what investment company(s) have the best record for providing monitary growth of their cusomers both long AND short term? How about either of the two? Also, what are the top investments today?

2 Answers

  • 1 decade ago
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    I will attempt to clarify your question as I go along. Investment companies are mutual funds that invest the cash that is deposited into their accounts. Invesment brokerage firms provide financial services to individual investors, including investment adivce and money management. Your question seems to be directed to the latter category.

    At the top of the list of brokerage firms (in my opinion) are A.G. Edwards & Son, out of St. Louis Missouri and Raymond James, which is headquartered in St. Petersburg, Florida, in that order. For the 22 years that I have been in the business, these firms have been leaders in capital growth and customer care, regardless of the length of time required. If your current liquid assets are above the $10 million range, Morgan Stanley might be included in this group. Most of the investment bankers and large firms, such as Merrill Lynch, Goldman Sachs and Bear Stearns provide superb services to much larger accounts.

    Just in case you are referring to mutual funds, I would recommend the Davis Opportunity Fund (some of the smartest money managers in the market) for long-term growth. The Laudus International Market Masters fund should continue its current upward spike for another six to twelve months.

    Top investments for any serious investor are large and medium cap stocks and closed-end funds. Stocks that you should own for the next 5-10 years are: McDonalds Corp (NYSE: MCD), Continental Airlines (NYSE: CAL) and IBM (NYSE: IBM).

    For the next five years or so, I recommend Brookfield Asset Management (NYSE: BAM), currently managing $50 billion in real estate assets, and a smaller drug company called Millennium Pharmaceuticals (NMS: MLNM).

    For fixed income, there is a very attractive closed-end fund from First American that is currently paying 6.50% per year. It's called the American Strategic Portfolio (NYSE: ASP).

    Study these companies and get help from an advisor before you invest. I do not have a vested interest in the stocks mentioned above. Best wishes.


    Source(s): Smart Money magazine Morningstar Newsletter
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  • 3 years ago

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