#1. We Are All Pension Fund Managers Now
These days, unless you are a government employee, there is a 97% chance you will not retire with a pension. Instead, you probably have some sort of IRA or 401(k) and other personal savings that you will need to supplement those measly Social Security checks. We have all been thrust into the job of managing our own personal pension funds, so we might as well embrace the challenge and continue our financial education.
Learning how to manage our nest egg is the best educational investment we can make as folks in or approaching retirement. It makes little difference how we made our money; if we don't learn how to make it last, we'll end up back in the workforce or at the mercy of family members.
Hot Financial Stocks For 2014: Wayne Savings Bancshares Inc.(WAYN)
Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank, a community-oriented institution that provides consumer and business financial services in northeast Ohio. It accepts various consumer and commercial deposits, which include checking accounts, savings accounts, money market accounts, term certificate of deposit accounts, commercial repurchase agreements, and individual retirement accounts. The company originates one-to four-family residential, multi-family residential, construction, non-residential real estate and land, commercial business, and consumer loans. It also invests in mortgage-backed securities issued or guaranteed by the United States government or agencies. The company offers its services to individuals, business, and other organizations through its main banking office located in Wooster, and other 10 additional full service branch offices in Wayne, Holmes, Ashland, Medina, and Stark counties, as well as the surrou nding localities in northeastern Ohio. Wayne Savings Bancshares, Inc. was founded in 1899 and is headquartered in Wooster, Ohio.
Hot Financial Stocks For 2014: Excellence Investments Ltd (EXCE)Excellence Investments Ltd is an Israeli company active in the financial sector. The Company offers services to institutional and corporate clients, and high net worth individuals. The Company's services include global and domestic asset management, investment banking and underwriting, foreign exchange trade and advisory services, derivatives trading, brokerage, mutual fund and provident fund management, pension fund management and exchange traded funds (ETF).
Hot Warren Buffett Stocks To Buy For 2014: Tower Group Inc.(TWGP)
Tower Group, Inc., through its subsidiaries, provides commercial, specialty, and personal property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company offers commercial multiple-peril packages that comprise property, liability, business interruption, equipment breakdown, fidelity, and inland marine coverages; workers? compensation policies; commercial and personal automobile policies; personal packages; and mono-line commercial general liability and commercial umbrella policies for individuals and business owners. It also writes commercial fire and allied lines policies for the protection of commercial buildings; and inland marine insurance protection for the property of businesses that is not at a fixed location and for items of personal property that are easily transportable, including builders risk, contractors? equipment and installation, domestic transit and transportation, fine arts, property floaters, and leased property. In addition, the company provides homeowners and personal dwellings policies, which offer property and liability coverages for one and two-family, and owner-occupied residences; and additional coverage to the homeowner for personal umbrella and personal inland marine. Further, it offers various services, such as underwriting, claims administration, operational and technology services for other insurance companies. The company markets its products and services through its independent retail, wholesale, and program underwriting agents. Tower Group, Inc. was founded in 1989 and is headquartered in New York, New York.Advisors' Opinion:
- [By Laura Brodbeck]
MondayEarnings Releases Expected: Tower Group, Inc. (NASDAQ: TWGP) Economic Releases Expected: Japanese leading economic index and trade balance, eurozone investor confidence, New Zealand business confidence, British housing price balance, US consumer credit change
- [By Monica Gerson]
Wall Street expects Tower Group International (NASDAQ: TWGP) to post a Q3 loss at $1.04 per share on revenue of $428.87 million. Tower Group shares declined 2.36% to $7.45 in after-hours trading.
- [By Ben Levisohn]
Tower Group International (TWGP) fell 41% yesterday after the insurance company said it would take a $365 million charge to cover losses. And the selling hasn’t shown any sign of letting up today.
In a report released yesterday, KBW analysts Robert Farnam and Neil Cybart look at Tower Group’s options:
After such a significant reserve charge (24% of net reserves and well over management’s initial $60-110 million range), we view Tower�� options going forward as limited. Many of the capital raising initiatives floated by the press in recent days were geared towards avoiding an A.M. Best rating downgrade, which we now view as difficult to avoid. [Editor: AM Best cut its rating yesterday] We see two likely scenarios going forward, both of which have a large amount of uncertainty: 1) continuing as a going concern with a revised business plan, or 2) going into run-off/selling renewal rights. We caution though that in both scenarios, whatever value that is left for shareholders is dependent on the outcome of class action lawsuits and future reserve development.
As a result, Farnam and Cybart lowered their price target to $7.50 from $21 and “recommend investors stay on the sidelines.”
Tower Group has dropped 12% to $3.88 today at 11:39 a.m., while Stewart Information Services (STC) has dipped 0.1% to $31.16, the�Navigators Group�(NAVG) has fallen 1.4% to $54.78 and HCI Group�(HCI) has gained 1% to $38.16.
Hot Financial Stocks For 2014: Hancock Holding Company(HBHC)
Hancock Holding Company, a financial holding company, provides various banking and financial services in south Mississippi, Louisiana, South Alabama, and Florida. The company accepts various deposit products that include non-interest bearing demand deposits, NOW account deposits, money market deposits, savings deposits, and time deposits. Its loan portfolio comprises provision of commercial, consumer, commercial leasing, and real estate loans to consumers and small and middle market businesses. Hancock also offers various trust services that include operating as an executor, administrator, or guardian in administering estates; provision of investment custodial services for individuals, businesses, and charitable and religious organizations, as well as investment management services on an agency basis; and trustee services for pension plans, profit sharing plans, corporate and municipal bond issues, living trusts, life insurance trusts, and various other types of trusts cre ated for individuals, businesses, and charitable and religious organizations. In addition, it provides consumer financing services; owns, manages, and maintains real property; offers general insurance agency services; holds investment securities; markets credit life insurance; and engages in discount investment brokerage services, as well as owns approximately 3,700 acres of timber land in Hancock County, Mississippi. The company operates 182 banking and financial services offices and 161 automated teller machines. Hancock Holding Company was founded in 1899 and is headquartered in Gulfport, Mississippi.Advisors' Opinion:
- [By Eric Volkman]
Hancock Holding (NASDAQ: HBHC ) is resolutely sticking to its longtime dividend policy. Matching the same common stock payout it's distributed since September 2006, the financial services concern has declared a distribution of $0.24 per share. This is to be paid on September 16 to shareholders of record as of September 5.
Hot Financial Stocks For 2014: Erie Indemnity Company (ERIE)
Erie Indemnity Company operates as a managing attorney for the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. It operates 24 field offices in 11 states. The company was founded in 1925 and is based in Erie, Pennsylvania.
Hot Financial Stocks For 2014: LNB Bancorp Inc.(LNBB)
LNB Bancorp, Inc. operates as the holding company for The Lorain National Bank that provides commercial and retail banking, investment management, and trust services to individual, municipal, and corporate customers in Ohio. It offers various transaction and time deposit accounts, including demand deposits, interest-bearing checking accounts, savings accounts, money market accounts, consumer time deposits, public time deposits, and brokered time deposits, as well as cash management services. The company also provides commercial and industrial loans, commercial real estate loans, construction and equipment loans, letters of credit, revolving lines of credit, small business administration loans, and government guaranteed loans; and residential mortgages, direct and indirect automobile loans, personal loans, second mortgages, and home equity lines of credit. In addition, it offers safe deposit boxes, night depository, U.S. savings bonds, travelers? checks, money orders, cash iers checks, automated teller machines (ATMs), debit cards, wire transfers, electronic funds transfers, and foreign drafts, as well as foreign currency, phone and Internet banking, and lockbox services. Further, the company provides bank-owned life insurance, as well as title insurance. It operates through 20 retail-banking locations and 30 ATMs in Lorain, Erie, Cuyahoga, and Summit counties in the Ohio communities of Lorain, Elyria, Amherst, Avon, Avon Lake, LaGrange, North Ridgeville, Oberlin, Olmsted Township, Vermilion, Westlake, and Hudson, as well as a business development office in Cuyahoga County. The company was founded in 1905 and is headquartered in Lorain, Ohio.Advisors' Opinion:
- [By Rich Duprey]
Commercial banking concern�LNB Bancorp� (NASDAQ: LNBB ) �announced yesterday�its second-quarter dividend of a penny per share, the same rate it's paid since 2009, when it cut the payout from $0.09.
Hot Financial Stocks For 2014: Nuveen Virginia Premium Income Municipal Fund (NPV)
Nuveen Virginia Premium Income Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal and Virginia income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P National Municipal Bond Index and the S&P Virginia Municipal Bond Index. Nuveen Virginia Premium Income Municipal Fund was formed on January 12, 1993 and is domiciled in the United States.Advisors' Opinion:
- [By Chuck Carnevale]
Moreover, at this point I would like to add that the real meaning of forecasting future earnings is so we can determine what the size and amount of the future cash flows that a stock under consideration might be capable of generating for us. This is important, because assessing the net present value of our expected future income stream, is at the heart of determining fair value (intrinsic value). Calculating net present value (NPV) is functionally-related to today's wide utilization of discounted cash flow (DCF) analysis as a stock selection tool. I will elaborate more on this important metric in part B of this article.
Hot Financial Stocks For 2014: Panther Secs(PNS.L)
Panther Securities P.L.C. invests and deals in real estate properties and securities in the United Kingdom. It invests primarily in commercial properties, such as offices, retail units, and bars. The company also invests in residential properties and industrial estates. In addition, it provides real-time information systems, including bookmaking, broadcasting, and digital signage. The company was incorporated in 1934 and is based in London, the United Kingdom.