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Convertible Bonds Explained

Business / Taking Stock /

Dear Mr. Berko: Please explain convertible bonds. We're in our late 50s. We are not aggressive investors and own a $310,000 portfolio of stocks -- mostly utilities and other income stocks -- yielding 3 to 9 percent. A stockbroker tried to explain convertible bonds to us, but she just made it more confusing. Could you give us a simple ...Read more

Will COTY Recover?

Business / Taking Stock /

Will COTY Recover?

Dear Mr. Berko: I've never seen you talk about Coty. I bought 1,000 shares at $31 in 2016, and it crashed before my check cleared. My Wells Fargo broker says I should sell the stock and buy a fancy annuity that actually sounds good. What do you think? -- PW, Rochester, Minn.

Dear PW: Coty (COTY-$13.48) completed its initial ...Read more

Is an Engagement Ring an Investment?

Business / Taking Stock /

Dear Mr. Berko: I'm 20, and I'm going to be officially engaged this September when George, my 23-year-old fiance, after two years of hard work, will get his promotion to manager and will be making $15.50 an hour. I'm thinking that I should get a diamond ring like my mom's. My mom has a 1.1-carat ring that was bought at Zales in 1996 for $6,600...Read more

The Villages

Business / Taking Stock /

Dear Mr. Berko: I'm 78, and my spouse is 80. We bowl, play golf and bridge together, and I've become a decent tennis player since moving to the Villages from another development in Florida. This been wonderful place to live for years and, now it's just an OK place to be. It seems that pushy, loud Northerners who move here lack decorum and good...Read more

Mueller Water

Business / Taking Stock /

Dear Mr. Berko: My Morgan Stanley broker just recommended that I buy 800 shares of Mueller Water Products, which trades at $11.75. He insists it's a good stock to hold for 10 years because the water facilities at most cities are poorly maintained and in serious need of upgrades. Could I have your thoughts? -- TC, Joliet, Ill.

Dear TC: You ...Read more

 
 

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