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October 9, 2007

Stock tips straight from the T. Rowe Price symposium

A couple thousand institutional investors and other money managers spent big money to fly in from New York, Boston and London to attend T. Rowe Price's annual investment symposium at the Marriott Waterfront. We give you symposium panelists' best ideas for free. Panelists speaking on "The Global Investment Environment" this morning were asked for investment recommendations for next year.

Brian Rogers, chairman & chief investment officer, T. Rowe Price Group:
Large-cap growth stocks. "The trend is your friend" for large-cap growth, he says, both inside and outside the United States.

Mary Miller, director, Fixed Income Division:
Intermediate-term bonds. The "yield curve" will get steeper, she says, meaning the spread between short-term rates and long-term rates will widen. So the place to be is in the middle, maturity-wise. She also likes inflation-protected securities (TIPS), whose payouts increase along with inflation.

David Warren, president, T. Rowe Price International:
Large-cap growth stocks in international markets. Emerging markets also have more to go, he says. Emerging market valuations are getting high, but emerging-market profits are also growing by 20 percent annually. He also likes Japan stocks, although he admits he has said the same thing in previous years, when Japan stocks disappointed.

Posted by Jay Hancock at 10:35 AM | | Comments (1)
        

Comments

The explanation given is really comprehensive and informative. I am feeling happy to comment on this blog . I think this is useful information for blog users-How does the ordinary investor fit into the equation comprising of global factors coupled with manipulation in the stock markets?
1. Invest for the long-term. If you have an investment horizon of 5-10 years and are invested in the right sectors, chances are that you will gain
2. Invest money that you can afford to lose. In other words, do not put your entire life savings in the markets.
3. Study the market thoroughly before you invest
4. Avoid putting all your eggs in one basket. Hence, diversify your portfolio

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
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