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Tag Archives: Growth Fund of America

August 2007 Issue

Shallow dips, long climbs — the New Millennium stock market keeps
rocking on! I’m still looking for more of a pullback on Wall Street than we’ve seen so far this summer. But the evidence is clear: This market wants to go higher. Once we round the corner into the fourth quarter, it almost certainly will.

In this month’s visit, I’ll show you how to take advantage of the
remarkable opportunities this unsung�but extremely persistent�bull
market continues to offer us. Even with the Dow bouncing around near an
all-time high, I’m spotting plenty of bargain-priced stocks that should easily generate returns of 20%, 30% and more in the next 12�18 months.

It’s a great time, too, for income investors (especially retirees and folks contemplating retirement soon). One happy effect of the turmoil in the
bond market over the past few months is that cash yields on a wide range of income vehicles have surged. On p. 4, I’ll point you to several of my
favorites, with up-front yields as high as 8%�9% plus capital gains potential to boot. I’m shoveling these investments into my own pension fund as fast as I can, and I invite you to do the same.