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Tag Archives: H&R Block

August 2004 Issue

In this month’s visit, I’ll show you how to fatten your portfolio regardless of who wins. Hint: Both candidates will grapple with the same set of economic challenges in 2005, so you can make a tidy fortune if you understand what those are (and how they’re likely to be dealt with). We’re already preparing for the road ahead by pocketing profits of more than 90% on our small-cap stocks while shifting cash into bonds, high-yielding blue chip stocks and even a low-risk “hedge fund.”


I’m still thinking the market may give us one last chance, in the next week or so, to buy stocks down around 1100 on the S&P 500 index. But the odds are shrinking fast. It looks as if we may have seen the end of one of the shallowest pullbacks ever in a powerful ongoing bull market.


This market “correction” is doing its job. Stocks that had climbed a little too far, too fast are dropping with a thud. Some won’t bounce back anytime soon. However, I’m confident that H&R Block (NYSE: HRB) is an exception.


Investors have found another issue to fidget about in recent days. Everybody knows that the rise in mortgage rates over the past three months is going to cool the red-hot housing market. Now Wall Street is fretting that earnings for America’s leading mortgage lenders will collapse.


No, I’m not talking about today’s broad stock market action. It’s hard to complain about a day when every major market index touches a new 52-week high.