Investment Factoids
For the 'Do It Yourself' Investor - Articles that attempt to make investing understandable.
With valuation spreadsheets and news on the Equity Income sectors of Banks, MLPs and REITs.

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December 2006 Investment Factoids

A New Way to Gauge a Start-Up’s Worth - Mark Hulbert, NY Times
Wall Street Lifted in 2006 by What Didn't Happen - Tom Petruno, LA Times
What Happened to Yield? J. Alex Tarquinio, NY Times
Large Caps vs. Small Caps - Paul Lim, NY Times
The Buzz Words of 2006 - Ransom & Badal, WSJ / Others
Free Online Portfolio Checkups - Eleanor Laise, WSJ
It's Exam Time for Your Portfolio - Tom Petruno, LA Tmes
Factoids on Gift Cards - LA Times / WSJ
If You Cheer for the Tortoise, Applaud for Dividends - Paul Lim, NY Times
Your 401(k) Has Little Protection from Employer Theft - Kathy Kristof, LA Times
At the Buyback Mall, It Pays to Shop Around - Barry Rehfeld, NY Times
Sentiment Effect Varies by Sector - Mark Hulbert, NY Times / Baker & Wurgler
How the Pros Tell If a Stock Is a Bargain - Gregory Zuckerman, WSJ
It's Time, Not Timing - Jonathan Burton, WSJ

MLP Valuations & News Update 12-29
WPZ Announces Equity Offering - PRNewswire
Moody's Affirms Enbridge Energy Rating, Changes Outlook to 'Negative' - AP


Large-Cap Bank Valuations & News Update 12-29

Regional Bank Valuations & News Update 12-29

BDC Update 12-29
BDCs May Have External or Internal Managements - Stephen Ellis, Motley Fool

REIT Valuations for Office & Industrial Sectors 12-29
REIT Valuations for Retail & Mall Sectors 12-29
REIT Valuations for Health Care & Triple-Net Sectors 12-29
REIT Valuations for Apartment & Hospitality Sectors 12-29


November 2006 Investment Factoids

The Fed Cries Wolf, But the Market Isn't Listening - Caroline Baum, Bloomberg
The November Effect - Justin Lahart, WSJ
Investors Are Turning Optimistic at Wrong Time - Paul Lim, NY Times
The Moon and the Market - Mark Hulbert, NY Times
Five Ways to Manage Money Effectively - Jonathan Clements, WSJ
Fear that Markets are Rising Too Quickly is Unfounded - Mark Hulbert, MarketWatch
Time for Value Investing to Show Mean Regression? Chet Currier, Bloomberg
Is the Time Still Right for Foreign Bond Funds? J. Alex Tarquinio, NY Times
P/E Ratios on U.S. Stocks Drop - Hilary Johnson, Bloomberg
Cheaper Insurance Rates Point To Decline in Life & Business Risks - Liam Pleven, WSJ
Leverage & Closed-end Fund Performance - Tim Paradis, Associated Press
Why Skewness is an Arguement to Diversify - Jonathan Clements, WSJ
Invest in Strategy that Fits You - Chuck Jaffe, MarketWatch
Actively Managed Funds Are Pressed to Beat Benchmarks - Diya Gullapalli, WSJ
Merrill Lynch's Ideas: Big Caps & Non-US Dividend Payers - J Burton, MarketWatch

MLP Valuations & News Update 11-30

Earnings Announcements: ETP, CPNO, HLND, MMLP, MWE, RGNC, TPP, VLI, WPZ, USS, XTEX
Duncan Energy Partners to IPO


Bank Valuations & News Update 11-30

S&P puts 5 Largest U.S. Banks on Watch Positive - Nick Godt, MarketWatch
Merrill Turns Cautious on Banks - Nick Godt, MarketWatch
Bear Stearns Says Some Banks Bet Fed Will Cut Rates in 2007 - AP
Concerns Rising Over Quality of WFC's Loan Portfolios - San Francisco Business Times
CBSS and SKYF Increase Dividends

REIT Valuations for Office & Industrial Sectors 11-30
REIT Valuations for Retail & Mall Sectors 11-30
REIT Valuations for Health Care & Triple-Net Sectors 11-30
REIT Valuations for Apartment & Hospitality Sectors 11-30

BDC Valuations Update & Intro 11-30


October 2006 Investment Factoids

Don’t Expect to Win ‘Beat the Benchmark’ - Paul Lim, NY Times
If Bears Are Smarter, Why Do Bulls Get the Money? Chet Currier, Bloomberg
How Good Are Earnings Really? Conrad De Aenlle, NY Times
Building a Better Gauge of Inflation - Scott Burns, Dallas Morning News
The Reason Behind Those Stockpiles of Corporate Cash - Mark Hulbert, NY Times
Cardholders, Read the Fine Print - Michelle Singletary, Washington Post
Wrestling With a Retirement Bear - Jonathan Clements, WSJ
Investors' Focus Shifts to Growth - Tom Petruno, LA Times
Stocks Look Good, But Do Bonds Look Better? Paul Lim, NY Times
Buy-Write Funds - Tim Gray, NY Times
It's the Most Wonderful Time of Year [for Stocks] - Chet Currier, Bloomberg
Inverted Yield Curve May Yet Upend Stock Market - Caroline Baum, Bloomberg
Is the Corporate Profit Machine About to Sputter? Norm Alster, NY Times
Cyclical Bulls & Secular Bears - Paul Lim, NY Times
Bonds Remain The Simple Way To Diversify - Jonathan Clements, WSJ

MLP Valuations & News Update 10-31

Enterprise to Build Shenzi Oil Export Pipeline in GoM - BusinessWire
ETP Announces Agreement with CenterPoint - BusinessWire
Distribution Increase & Earnings Announcements


Bank Valuations & News Update 10-31

Earnings Updates: BAC, C, JPM, KEY, MEL, NCC, RF, STI, STT, USB, WB, WFC
Earnings: ASBC, BXS, CBCF, CBSS, CMA, CYN, FNB, FMER, FULT, HBAN SNV, TCB, UB, VLY, WL

REIT Valuations for Office & Industrial Sectors 10-31
REIT Valuations for Retail & Mall Sectors 10-31
REIT Valuations for Health Care & Triple-Net Sectors 10-31
REIT Valuations for Apartment & Hospitality Sectors 10-31

If the oscilations of valuation become too severe - then the sector becomes one that should logicaly be 'timed' instead of 'held'. - Factoids on REITs

September 2006 Investment Factoids

U.S. Foreign Debt Poses Long-Term Threat To Nation's Living Standards - Mark Whitehouse, WSJ
Sustainable Withdrawals Depend on Several Decisions - Scott Burns via Seattle Times
Some Tax Changes for IRAs and Roths - Paul Lim, NY Times
Big Trends May Begin to Drag the Economy Down - Jesse Eisinger, WSJ
The Stats Behind That Growing Sense of Job Insecurity - Daniel Gross, NY Times
The Case for Income from Individual Stocks - Josh Peters, Motley Fool
Foreign Investing Pays Off - Karen Richardson, WSJ
Why the Tide Hasn’t Turned Toward Growth Stocks - Paul Lim, NY Times
Index ETF Tracking Errors - Lawrence Carrel, Smart Money

MLP Valuations & News Update 9-29

Valero LP Will Change Name - AP
Enterprise Products Files For Secondary Offering - BullMarket
Energy Transfer Partners to Acquire Transwestern Pipeline - BusinessWire

Bank Valuations & News Update 9-29

Citigroup: Cleaned Up but Falling Behind - Mara Der Hovanesian, BusinessWeek
Finding the Most-Attractive U.S. Banking Markets - Jaime Black, CFA, CPA, MorningStar
Housing Chill Begins to Pinch Nation's Banks - Robin Sidel, WSJ
Regional Banks' Pinch Foreshadow National Woes - Nick Godt, Dow Jones Newswires
Regional Banks Covet Investment Boutiques Amid M&A Boom - Clint Riley, WSJ

REIT Valuations for Office & Industrial Sectors 9-29

Commercial Property May Be Undervalued - Barron's
ARE, LRY & OFC Announce Dividend Increases

REIT Valuations for Retail & Mall Sectors 9-29

Merrill Lynch Analyst Downgrades Several Retail REITs on Valuation - AP
Mall REITs' Winning Streak Cools - Ryan Chittum, WSJ

REIT Valuations for Health Care & Triple-Net Sectors 9-29

Health Care REIT [HCN] to Buy Windrose [WRS] - MarketWatch
Ventas to Buy 67 Properties for $649 Million - AP

REIT Valuations for Apartment & Hospitality Sectors 9-29
It’s a Good Time to Be a Landlord - Vivian Marino, NY Times
Equity Inns, Highland and Host Hotels & Resorts Announce Dividend Increases

Reality is the leading cause of stress amongst those in touch with it. - Jane Wagner

August 2006 Investment Factoids

Companies Are Rolling in Cash - Ian McDonald, WSJ
The Implications of the Pension Protection Act - Paul Lim, NY Times
Companies on a Borrowing Binge - Gregory Zuckerman, WSJ
Three Questions to Ask Before Selling - Dave Mock, Motley Fool
Is a Futures Stampede Keeping Oil Prices High? Norm Alster, NY Times
Firms' Global Reach Lets Performance Diverge From Domestic Trends - Alistair MacDonald, WSJ

Economic Update: Soft Landings are Rare - Edmund Andrews, NY Times / Mark Gongloff, WSJ
WSJ's Economist Survey Paint Gloomier Picture - Phil Izzo, WSJ
Mutual Fund/ETF Update: Commodity ETFs & ETNs - John Spence, MarketWatch
'Closet Index' Mutual Funds - Tom Lauricella, WSJ
There's a Difference Between Fund Returns and What Investors Experience - Tom Lauricella, WSJ
Doubting Conventional Wisdom: Ten Football Myths - Allen Barra, WSJ
DVRs Were Expected to Kill Commercial TV, But . . - Frank Ahrens, Washington Post
Investment Maxims vs. Myths - Barbara Wall, International Herald Tribune
Employment Update: Job Market Has Stopped Improving - Danielle DiMartino, Dallas Morning News
Wages Fall Behind Inflation - Michael Mandel, BusinessWeek

MLP Valuations & News Update 8-31
Earnings Updates: HLND, MMLP, MWE, OKS, TLP, WPZ, XTEX
Wildcatters Hoping for Next Big Field in West Texas - Russell Gold, WSJ
Citi and Dow Jones Create MLP Indexes - Forbes

Bank Valuations & News Update 8-31
Fed Rate Pause May Not Help Banks - David Enrich, WSJ
Louisiana & Mississippi Regional Banks are Doing Well - V Bauerlein & S Chen, WSJ

REIT Valuations for Office & Industrial Sectors 8-31
Changes on the Horizon in Industrial Market - Art Gering, NAREIT's Portfolio magazine
Equity Office Announces Huge 2007 Disposition Plans - BusinessWire
Glenborough to Be Acquired - WSJ
REIT Valuations for Retail & Mall Sectors 8-31
Joint Ventures: History, Types, Rationale - Steve Bergsman, NARIET Portfolio Magazine
REIT Valuations for Health Care & Triple-Net Sectors 8-31
Ventas Expected to Reap Windfall From Higher Rent - Janet Morrissey, WSJ
REIT Valuations for Apartment & Hospitality Sectors 8-31
College-Town Real Estate: The Next Big Niche? Vivian Marino, NY Times
Education Realty Trust Drops 2006 Outlook - AP

If you don't know who you are, the stock market is an expensive place to find out. - George Goodman

July 2006 Investment Factoids

It's a Good Omen When IPOs Fall Short - Mark Hulbert, NY Times
More Words of Wisdom from Charlie Munger - Toan Tran, Morningstar
Fund Performance Improves When Managers Invest in Their Own Portfolios - Eleanor Laise, WSJ
Forward P/Es vs. Trailing P/Es - Justin Lahart, WSJ
Consumer Caution, Oil Prices Increase Risk of a Recession - Lahart & Gerena-Morales, WSJ
What to Do When Your Mutual Fund Closes - Aleksandra Todorova, WSJ
Fund Fees Are Falling - Kathy Kristof, LA Times / John Spence, WSJ
Why Mutual Funds Are Lousy Long-Term Investments - Robert Kiyosaki, Yahoo Finance
Quant Funds - Zubin Jelveh, NY Times
How Fund Categories Fared - WSJ
WSJ Economist Survey - Mark Whitehouse, WSJ

MLP Valuations & News Update 7-31
Distribuition & Earnings Announcements
Atlas Pipeline Holdings [GP], Valero GP & Buckeye GP to IPO - MarketWatch
Pipeline Deals Up 30%, But Prices Turn Off Buyers - Caroline Humer, Reuters
Oil Rigs Stage Exodus From Gulf of Mexico - Mike Spector, WSJ

Bank Valuations & News Update 7-31
Earnings Updates: BAC, BK, C, JPM, KEY, MLE, MI, NCC, PNC, RF, STI, USB, WFC
Earnings: ASBC, BXS, CBSS, CNB, CMA, CYN, FHN, FMER, FULT, HBAN, SKYF, SNV, TCB, VLY, WL

REIT Valuations for Office & Industrial Sectors 7-31
Commercial Real Estate Maintains Its Strength - Jennifer Forsyth, WSJ
Morgan Stanley Analyst Says REIT Performance Increasingly Tied to Bond Prices - AP
REIT Valuations for Retail & Mall Sectors 7-31
As the Big Stores Wilt, Malls Look to Food and Cinema - Ylan Q. Mui, Washington Post
Heritage Property Investment Trust to be Acquired by Centro Properties - PRNewswire
Equity One Trims Forecast - AP
Kimco Realty to Acquire Pan Pacific - WSJ
Q2 Rents & Abosorbtion - Ryan Chittum, WSJ
REIT Valuations for Health Care & Triple-Net Sectors 7-31
National Retail Properties [NNN] and Senior Housing Properties Trust [SNH] Raise Dividends
REIT Valuations for Apartment & Hospitality Sectors 7-31
Apartment REITs upgraded at Deutsche Bank - John Spence, MarketWatch
GMH Communities Prepared to Solicit Acquisition Bids - MarketWatch
Tougher Tests Lie Ahead for Apartment REITs - Kemba Dunham, WSJ


June 2006 Investment Factoids

What the Fed Is Up to, and Why You Shouldn't Fret - Paul Lim, NY Times
Inflation Stats & Expectations - Greg Ip, WSJ
Market Tends to Reward Stock Investor Perseverance - Kathy Kristof, LA Times
The Real Reason You're Not Saving - Jonathan Clements, WSJ
100 Years of U.S. Consumer Spending [& Inflation] - BLS Study
Tax Refunds from Your Phone Bill - Kathy Kristof, LA Times
Selling Begets More Selling - Tom Petruno, LA Times
Stats on Share Buy-Backs and Cash on Hand - Ian McDonald, WSJ
The Case for Blue Chips - Paul Lim, NY Times
Three Characteristics of Bear Markets - Rob Hanna, Trading Markets.com
Can Hedge Funds Beat the Market? Mark Hulbert, NY Times
Hedge Fund Returns - Chuck Jaffe, Marketwatch
Bond Update: The Reward is Slim for Credit and Duration Risks - Alex Tarquinio, NY Times
Correlation of Asset Classes Grows - Shefali Anand, WSJ / David Gaffen, WSJ
Schwab Study: Small Caps to Beat Large Caps Long Term - Leslie Wines, MarketWatch

MLP Valuations & News Update 6-30
Boardwalk, Energy Transfer and ONEOK Propose Midcontinent Pipeline - BusinessWire
PAA to Acquire PPX - PRNewswire
Provident Files for MLP IPO - Gas Processors Report
Eagle Rock files for IPO - David Givens, Gas Processors Report

Bank Valuations & News Update 6-30
Bank Shares Fall On Profit Warnings and Rate Fears - David Enrich, Dow Jones Newswires
Investment Banks are Placing Bigger Bets - Business Week

REIT Valuations for Office & Industrial Sectors 6-30
Brookfield Properties Buys Trizec Firms for $4.8 Billion - Dave Carpenter, AP
REIT Valuations for Retail & Mall Sectors 6-30
Top Mall REITs Diverge - Nicholas Yulico, TheStreet.com
REIT Valuations for Health Care & Triple-Net Sectors 6-30
Bulging Sale-Leaseback Pipeline - Beth Mattson-Teig, National Real-Estate Investor
REIT Valuations for Apartment & Hospitality Sectors 6-30
Cooling Housing Market Adds To Apartment Demand - Ruth Simon, WSJ


May 2006 Investment Factoids

Why Does Tech Teem With Analysts? Karen Richardson, WSJ
Less Analysts Doing Less Writing - Susanne Craig, WSJ
Life is Less Expensive for Older Couples - Scott Burns, Dallas Morning News
Can the Dollar's Loss Become Your Portfolio's Gain? J. Alex Tarquinio, NY Times
Dividends & Earnings Growth - Mark Hulbert, NY Times
Is There a Bubble in Commodities? Danielle DiMartino, Dallas Morning News
Foreign Stocks and the Allure of Double-Digit Growth - Paul Lim, NY Times
High US Debt Rate Blamed on Rising Cost of Basics - Washington Post
This is an Old-Fashioned Economic Boom - E.S. Browning, WSJ / O'Hara & Masters, Washington Post
The Mirror Image of the Greenspan Conundrum - Edmund Andrews, NY Times
Strategically Unemotional Investing - Betsy Schiffman, AP/ Jeff Brown, Philadelphis Inquirer
Experts Are Made & Practice Matters - Stephen Dubner & Steven Levitt, Freakonomics
The Asset Location Decision - Scott Burns via Seattle Times
Improving Disclosure of Funds - Charles Jaffe, MarketWatch
Risky Investment Trends Raise a Red Flag - Scott Burns, Dallas Morning News

MLP Valuations & News Update 5-31
Earnings Updates: APL, BWP, CPNO, HLND, MWE, MMLP, NBP, PAA, PPX, TGP, TLP, TPP, USS & WPZ
SXL Announces Public Offering and Sale of Senior Notes - PRNewswire
Atlas Pipeline Partners Raises $20 Million in Units Sales to Wachovia - Businesswire
Crosstex & Devon to Acquire Barnett Shale Assets From Chief - PRNewswire

Bank Valuations & News Update 5-31
Out of the Brokers and into the Banks - Greg Morcroft, MarketWatch
Bank Stocks Offer Solid Long-term Gains with Little Risk Shawn Tully, Fortune
Credit-Card Issuers' Problem: People Are Paying Their Bills - Robin Sidel, WSJ
Do All Banks Have Moats? - Jim Callahan, CFA MorningStar
Regions to Merge With AmSouth - Berman & Bauerlein, WSJ

REIT Valuations for Office & Industrial Sectors 5-31
REIT Valuations for Retail & Mall Sectors 5-31
Retail Property Demand Strong, Despite Weaker Forecast Ilaina Jonas, Reuters
REIT Valuations for Health Care & Triple-Net Sectors 5-31
Government Properties Trust to Explore Strategic Alternatives - Busineswire
REIT Valuations for Apartment & Hospitality Sectors 5-31
Getting to Know RevPAR - Sean Smith, The Motely Fool


April 2006 Investment Factoids

P/E's Fall When Bond Yields or Inflation Rises - Paul Lim, NY
Can Raw Materials Continue Their Run? Tom Petruno, LA Times
Fund Investors Can Expect A Tax Increase - Tara Siegel Bernard, WSJ
Obscure Fees Eat Away 401(k) Nest Eggs - Hamilton, Kristof & Friedman, LA Times
When Volatility is Your Friend, And When It's Not - Chet Currier, Bloomberg
Things Are Gonna Get Worse - Jonathan Clements, WSJ
Low Price/Sales Stocks Outperform - Jack Hough, SmartMoney
Avoid Hot Funds Before They Close - Jennifer Levitz, WSJ
Avoiding High Cost Funds Takes More Than Intelligence - Mark Hulbert, NY Times
Foreign Index Funds Gain Fans - Paul Lim, NY Times
Passive Index Funds Move the Market - Chet Currier, Bloomberg
Low Stocks Returns Highlights the Need to Save More - Jonathan Clements, WSJ
End of the Blue Chip Blues? Roben Farzad, BusinessWeek
Are You Getting Paid for Market Risk? Tom Petruno, LA Times
A World Full of Texas Hedges - Justin Lahart, WSJ
How Fund Categories Fared - WSJ

MLP Valuations & News Update 4-28
Earnings Updates for ETP, KMP & SXL
Q2 Distribution Updates: EPD, CPNO, NBP, KMP, MMLP, MWE TLP, PAA, SXL, VLI & XTEX
Pacific Energy to Build Pipeline to Cheyenne & Salt Lake City - BusinessWire
Williams Partners Buys Assets & Files to Sell 7 Million Units - BusinessWire
Kinder Morgan Inc. Receives Commitments for Chicago-Area Pipeline - PRNewswire
EPCO Proposes to Eliminate Teppco's 50% GP Incentive Distribution Rights - Businesswire
Getting Gas to Markets Takes a Pipeline - Elizabeth Souder, Dallas Morning News
New Pipeline Links D-FW Area with Eastern U.S. - Dan Piller, Ft Worth Star-Telegram
Highlights from the Annual Bentek Report - Gas Processors Report

Bank Valuations & News Update 4-28
Earnings Updates: BAC, BK, BBT, C, FITB, KEY, MEL, MI, RF, STI, UBS, WB, WFC
Fed Lifts Yearlong Ban On Citigroup Acquisitions - Clint Riley, WSJ
Lehman Sees Accelerating Bank M&A - Greg Morcroft, MarketWatch
Valley National Declares Stock Dividend - AP
Earnings Updates: ASBC, ASO, BXS, CBCF, CBSS, CNB, CYN, FNB, FHN, HBAN, SKYF, TCB, UB, WL

REIT Stats for Office, Industrial & Apartment Sectors 4-28
REIT Stats for Retail, Health Care & Hospitality Sectors 4-28

The only real mistake is the one from which we learn nothing. - John Powell

March 2006 Investment Factoids

Investing in Bonds
The Risk of Shortening Your Bond Portfolio's Duration Now - Paul Lim, NY Times
Stats on Market Risk: Stocks vs. Bonds - Mark Hulbert, NY Times
Alternative Investments
Using Basketball To Understand Options - Bill Feingold, Forbes
Intro to DBC - Commodity Index Tracking Fund - Jeff Manera, MarketWatch
Investing in Funds
New Funds has No Fees - Unless You Make Money - Chuck Jaffe, Marketwatch
When Mutual Funds Merge, Be Wary - Eleanor Laise, WSJ
More Agitation Emerges Over Closed-end Fund Structure - Angela Pruitt, WSJ
Investing in ETFs
The First Zero-Commission ETF - Lawrence Carrel, SmartMoney
The Inexact P/Es for ETFs - Shefali Anand, WSJ
Big Caps vs. Small Caps
Interest-Rate Climb Nicks Small Caps - Karen Talley & Mohammed Hadi, WSJ
Falling Dollar May Not Hurt Large Cap Indexes - Mark Hulbert, NY Times
General Investment News & Information
Three Themes for the Long Haul - Tom Petruno, LA Times
Three Years with Big Gains, Low Euphoria - Chuck Jaffe, MarketWatch
Why the Generation Y 401(k) Investor is Conservative - Paul Lim, NY Times
Six Common Misconceptions - Jonathan Clements, WSJ
What Basketball Can Teach You About Investing - Jonathan Clements, WSJ
Independent Research Is Drying Up - Jesse Eisinger, WSJ
Lessons from Investors Anonymous - Ben Stein, Finance.Yahoo
The History of March & The Markets - Jeffrey Hirsch, MarketWatch
Shop & Compare Hospital Care - Bob Moos, The Dallas Morning News

MLP Valuations & News Update 3-31
Earnings Updates for APL, CPNO, MMLP, TransMontaigne and Williams
Boardwalk Pipeline Partners Announces $575 Million Pipeline Expansion - BusinessWire
Hiland Announces $93 Million Acquisition of Gathering Assets From Enogex - PRNewswire
PAA to Acquire Natural Gas Liquids Businesses & Sell Shares - PRNewswire
Valero Energy Files IPO Registration Statement fpr Valero GP Holdings - Businesswire
LNG Companies Mull Conversion to MLPs - Investment Dealers' Digest
Texas Oil & Gas Update - Dan Piller, Fort Worth Star-Telegram
A Tale of Two Fields: Giddings & Barnett Shale - Dan Piller, Fort Worth Star-Telegram
New Spreadsheet for MLP Closed-end Funds

Bank Valuations & News Update 3-31
New Minimum Payment Requirements Seen Hurting Bank Profits - Joe Bel Bruno, AP

REIT Article Update
Multi-Housing's Competition from Home Ownership May Fall Sharply - Mark Obrinsky, MultiHousing News
Medical Property Update - Vivian Marino, NY Times
Apartment Development Heats Up on Coasts - Michael Corkery, WSJ
REIT Stats for Office, Industrial & Apartment Sectors 3-31
REIT Stats for Retail, Health Care & Hospitality Sectors 3-31


February 2006 Investment Factoids

Don't Blame the Fund Manager? Mark Hulbert, NY Times
Why Do Stocks Pay So Much More Than Bonds? Daniel Altman, NY Times
Antidotes for Fund Queasiness - Chuck Jaffe, CBS Marketwatch
Foreign Stocks & Rising Risks - Tom Petruno, LA Times
Fed Survey: Home Values Up, Debt Up, Savings Down & Net Worth Flat - M Rich & E Porter, NY Times
Some Mutual Fund Adopt Hedge-Fund Tactics - Eleanor Laise, WSJ
Round One of 2006 Goes to the Risk Takers - Paul Lim, NY Times
Top Fund Performers Don't Usually Repeat - Charles Jaffe, MarketWatch
The Case for Fewer but Stronger Currencies - Daniel Gross, New York Times
20 Tips for No-Nonsense Investing - Jonathan Clements, WSJ
Most ETFs Are More Tax-Efficient Than Mutual Funds - Dan Culloton, MorningStar
More Stale Data at Mutual Funds - Mark Hulbert, NY Times
Bargain Hunting in the Age of Tighter Inventory-Control - Damon Darlin, NY Times
Confusion May Drive People Away From IRAs - Chet Currier, Bloomberg
Building a Bond Portfolio - Jonathan Clements, WSJ
Waiting for the Dips a Poor Strategy When Dips Disappear - Tom Petruno, LA Times
Combining Index Funds With Alternative Strategies - Jonathan Clements, WSJ
Your U.S. Fund May Be Investing Abroad - Andrew Blackman/Tom Lauricella, WSJ
Internet 50 Profits Quadruple - But Stocks Stay Flat - Matt Krantz, USA Today
Ethanol 101 - Healey, USA Today / Romero, NY Times / Lashinsky & Schwartz, money.cnn

MLP Valuations & News Update 2-28
Magellan [MGG] & Energy Transfer Equity [ETE] IPO - PRNewswire/Reuters
Texas Gas Issues Limited Waiver on Storage Draws - Reuters
SXL Acquires Texas Crude Oil Pipeline From Alon - PRNewswire
RGNC IPOs - Businesswire/Dallas Business Journal
Oneok Sells Assets to NBP, Becomes GP, Both Raise Forecasts - AP
Earnings Updates for BWP, HLND, PAA, PPX, SXL, TCLP
The Big Three Pipeline Companies - J. Tarquinio, NY Times

Bank Valuations & News Update 2-28
Banks Dangle High Teaser Rates - Jane Kim, WSJ
Why Are Bank P/Es So Low? - Vitaliy Katsenelson, Mootley Fool
Critics Fear a Wal-Mart Move Into Banking - Kathleen Day, Washington Post

REIT Article Update
Kimco Sees Growing Assets By At Least 25% A Year - J Morrissey, Dow Jones Newswires
Strip-Mall Rents Gain, Mall Rents Flat - Ryan Chittum, WSJ
Stifel Nicolaus Bullish On Healthcare REITs - Janet Morrissey, Dow Jones Newswires

REIT Stats for Office, Industrial & Apartment Sectors 2-28
REIT Stats for Retail, Health Care & Hospitality Sectors 2-28

The only real mistake is the one from which we learn nothing. - John Powell


January 2006 Investment Factoids

Testosterone & Fund Returns - Mark Hulbert, NY Times
Small Cap Investors Should Rebalance - Chet Currier, Bloomberg
Where to Invest in 2006 - Norm Alster, NY Times
Bull Market's Fourth Year - Chet Currier, Bloomberg / Paul Lim, NY Times
Morningstar's Ratings & Mutual Funds Returns - Mark Hulbert, NY Times
Lower Inflation Volatility Has Lowered Long Rates - John Berry, Bloomberg
The Dow & Psychological Barriers - Mark Hulbert, MarketWatch
Hitting the Reset Button on Your 401(k) - Paul Lim, NY Times
Stock Picking Declines - Mark Hulbert, NY Times
Year End Stock Stats & Valuations - Tom Petruno, LA Times
The Dark Side of the Dividend Boom - Jim Jubak, MSN Money
The WSJ Economist Poll - Rafael Gerena-Morales and Tim Annett, WSJ
VIX's Message - Play it Safe in 06 - Justin Lahart, WSJ
How Fund Categories Fared - Barrons

MLP Valuations & News Update 1-31
Martin Midstream to Offer 3 Million Units & Increases Distribution - PRNewswire
Weather Plays Lead Role In Volatile Natural-Gas Market - S Jakab, Dow Jones Newswires
Barnett Shale a Hot Property - Dan Piller, Ft Worth Star-Telegram
Distribution Updates: APL, BPL, EPD, ETP, HEP, HLND, MMLP, MMP, PAA, PPX, SXL & XTEX
Earnings Updates for BPL, EPD, ETP, HEP, KSP, MMP, SXL & VLI

Bank Valuations & News Update 1-31
Banc of America analyst McDonald Downgrades Citigroup, Wells Fargo - Jonathan Stempel, Reuters
Converging Bond Yields & Bankruptcies Threaten Bank's Profits - David Enrich, Dow Jones Newswires
Modest Earnings Seen for Southern Banks - Robert Schroeder, MarketWatch
Margin Pressure Will Squeeze Results for MidWest's Banks - David Weidner, MarketWatch

REIT Article Update
Prudential Restarts REITs Coverage; Sullivan To Retire - Janet Morrissey, Dow Jones Newswires
REITs Seen Delivering Returns As High As 12% In 2006 - Janet Morrissey, Dow Jones Newswires
REIT Yields Fall Below 10-Yr Treasury - Janet Morrissey, Dow Jones Newswires
Office Market Improved Last Year - Jennifer Forsyth, WSJ
Merrill Lynch on REITs in '06 - Greer Johnson, SNL
Beware of Warnings About Real Estate - Vivian Marino, NY Times
Investment Outlook Grows Brighter For Apartments - Charles Krawitz, National Real Estate Investor
MOB Appeal - Joe Gose, National Real Estate Investor
Health Care REITs 101 - Matt Hudgins, National Real Estate Investor
Student Housing REITs - Christine Perez, National Real Estate Investor
The Upside of Upscale Hotels - Dees Stribling, National Real Estate Investor

REIT Stats for Office, Industrial & Apartment Sectors 1-31
REIT Stats for Retail, Health Care & Hospitality Sectors 1-31

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