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PARK PIEDMONT ADVISORS COMMENTS: 2002

Below are past issues of the PPA Monthly Comments.
(These are in PDF format).

December 2002

• Specifics on liquid investment choices
• Current events and their effects on market prices

November 2002

• Use of investment losses for tax benefits
• Risks involved in stock, bond, and cash investments

October 2002

• Long-term analysis of stock and bond markets
• "Behavioral finance" and features of investor behavior

September 2002

• Problems in the economy

August 2002

• Bear markets and the prospects for recovery

Special August 2002

• Economic weakness and the rationale for a continuing allocation to stocks

July 2002

• Problems with market timing
• Index investing
• Impact of price/earnings ("PE") ratios on stock prices

Special July 2002

• Historical perspective on current downturn in markets

June 2002

• Bear markets, including the effects of economic issues and corporate scandals

May 2002

• Asset allocation, including the importance of time frame, risk tolerance, and rebalancing

April 2002

• Factors depressing stock prices

March 2002

• Index results since September 11, 2001
• Investment choices