Women who need care and treatment can now go to a medical centre dedicated to their health-related problems.
It features a disc jockey’s turntable that testsplayers’ “musicality” – the ability to rhythmically match colored balls thatdrop onto a color-coded disc jockey turntable.Geared for those who say they”aren’t musical,” the NAMM app lets players “spin” the turntable as they maketheir color matches. Thefree iPhone game “app” called “Wanna Play Music?” is an entertaining way totest your music making skills, and features a handy tool to quickly findquality local music instructors.With interest in playing a musical instrument at an all-time high, a wave ofnew music-related iPhone applications has hit the iTunes virtual shelf.According to a recent Gallup poll*, playing music is an ability wished for by85 percent of Americans. NAMM Launches Free ‘Wanna Play Music’ Mobile Application on iTunes, Game AppTests Players’ ‘Musicality’ and Features Music Lessons LocatorFree Music Game App from NAMM Available Now in iTunes StoreCARLSBAD, Calif., July 21 /PRNewswire/ — NAMM, the 108-year-old,not-for-profit trade association of the international music products industry,today launched its first mobile game application at Apple’s iTunes store. The slow steady (pace) wins, that’s what I believe.”(Editing by Jan Paschal ). It goes back to the tortoise and the hare,” Shive said, referring to one of Aesop’s fables “Most people think that the hare wins I believe the tortoise wins in the long run. That compared with a negative 2.22 percent for the reinvested returns of the S&P 500 index over the same decade.On an annual basis, that difference in rates of return appears small, yet over time, the difference is enormous.A $10,000 investment at the end of June 1999 in one of those three funds would have grown to more than $16,000 — a gain of over 60 percent — by June 30, 2009.Yet that same investment in an S&P 500 index fund would have declined more than 20 percent to about $7,987 over that same 10-year period.It’s the classic story of the tortoise beating the hare.”Here’s what I think.
That, I believe, will be a trend.”The investor class of the Parnassus Equity Income Fund PRBLX.O has returned 5.48 percent annually over the 10 years ended June 30, while Wasatch-1st Source Income Equity Fund FMIEX.O returned 5.14 percent and American Century’s Equity Income Fund returned 4.92 percent. economy will grow at a slower pace, in his opinion.”So much of that spending was on these, call it phantom profits or phantom profit growth,” he said. “It will be sluggish and individuals may get some religion and come back to some conservative principles. He likes companies that will prosper from faster growth in emerging markets.It will take time for Americans to get back on their feet after this decade’s consumption binge left many people deep in debt, Shive said For the next few years, the U.S. He believes Microsoft Corp (MSFT.O) is now in that position.”If you can invest in a company that’s got a nice dividend, and has an ability to raise that dividend over time, say above inflation, you probably can do well over the long haul by having a dividend with a growth component,” Ahlsten said.Davidson and Ahlsten both take big positions — top 10 holdings often make up 40 percent of their portfolios — while the Wasatch Fund’s Shive manages more names and takes a top-down approach to develop a theme before picking stocks. stock fund with a long-term record.The Fidelity fund over the past decade had posted three years of double-digit returns, including a 44 percent jump in 2003, and only one year of big declines — a 14 percent fall in 1999 — before last year’s plunge of 61.2 percent.But the second quarter’s gain wasn’t enough to make up lost ground.
The fund is down almost 10 percent after 10 years.Suddenly investors rediscovered their taste for plain vanilla — equity income funds whose stocks pay dividends or interest.”When the bear market struck and people lost a lot of money, there was more interest in preserving capital than there had been,” said Gregg Wolpher, a senior analyst at Morningstar.”There has been a revival of interest in dividends also, for that reason,” he said.American Century’s Davidson believes his focus on companies with strong competitive positions, strong balance sheets and strong cash flows will lead to better performance. Fidelity’s Select Automotive Portfolio FSAVX.O, for example, jumped 81.4 percent in the second quarter, the best performance of any U.S. Yet the investment style could come back in favor — mutual fund watcher Morningstar Inc (MORN.O) doesn’t even track equity income funds — as investors seek to preserve capital and find that investing for the long term can pay off.The allure of giant gains blinds many investors to what the steady building of income can do. Davidson’s is the largest, with $4.84 billion.Their record is remarkable, analysts say, because the stocks they own come in large part from the same universe as the S&P 500, whose return they have more than doubled over the past decade.DIVIDENDS ARE BACK IN STYLETo be sure, dividend growth has slowed and could damp performance. stocks.Davidson is one of a trio of equity income managers whose adroit selection of the stocks of solid businesses and eye on building income helped them outperform a number of star money managers who paid dearly for taking big risks during the bear market.The performance of Davidson, Todd Ahlsten at Parnassus Investments and Wasatch Fund’s Ralph Shive demonstrates that active managers can handily beat indexes and avoid the blow-ups that pulled down the overall market and many other managers.Davidson is a solid bottoms-up value investor while Ahlsten and Shive are steeped in value, but can lean toward growth companies All three oversee funds with more than $1 billion in assets. The American Century Equity Income Fund TWEIX.O he manages lost 20.5 percent in 2008 — the best return that year of similar funds tracked by Lipper Inc, a unit of Thomson Reuters.Its slide, while steep, was almost half the 38.5 percent drop for 2008 in the Standard & Poor’s 500 Index .SPX, a widely followed benchmark for investing in large-cap U.S.
stock market again went topsy-turvy after the housing bubble burst and asset values plunged in 2008, but this time Davidson’s skills paid off in spades. John Tilak in Bangalore; Editing byUnnikrishnan Nair) Stocks. Popular years ago, the funds fell from grace during the tech boom when celebrating the joys of a 3 percent dividend paled against technology stocks’ gains of 200 percent — or more.OUTPERFORMING THE S&P 500The U.S. Excluding items, Atheros posted a profit of $12.3 million,or 20 cents a share, beating analysts’ consensus estimates by 6cents Revenue fell 8 percent to $112.2 million Analysts were looking for $103.7 million. Shares of Atheros were up 11 percent at $24.90 in tradingafter the bell They closed at $22.52 Tuesday on Nasdaq (Reporting by S.
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