Gap investing $35M in Sumner County expansion
Post to Facebook Investing: Keeping up with momentum strategies on USAToday.com: http://usat.ly/177084D Incorrect please try again A link has been posted to your Facebook feed. Sent! A link has been sent to your friend’s email address. Join the Nation’s Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Investing: Keeping up with momentum strategies John Waggoner, USA TODAY 6:35 p.m. EDT August 22, 2013 Pros and cons of momentum investing strategies. (Photo: Thinkstock) Momentum strategies unpopular since 2000-2002 bear market Value strategies taken in the past decade A few funds still chase momentum SHARE 1 CONNECT 32 TWEET COMMENTEMAILMORE In June 1861, a young Confederate soldier learned that objects in motion tend to stay in motion: A Union cannonball ripped through his leg during the Battle of Philippi in West Virginia.
Gap currently has about 550 full-time employees in Sumner County, making it the sixth-largest employer in the county, according to Nashville Business Journal research. “Gap Inc. is a valued corporate citizen, providing about 2,500 Tennesseans with high-quality jobs in 2012 alone,” Tennessee Department of Economic and Community Development Commissioner Bill Hagerty said in a news release. “Gap Inc.’s decision to expand its distribution center in Middle Tennessee speaks highly of our state’s central location and world-class infrastructure. I appreciate Gap Inc.’s investment and look forward to their continued presence in Tennessee.” The Gallatin campus is one of Gap Inc.’s largest distribution centers and currently provides service to the southern region of the United States for Gap Inc.
JACK BOGLE: An Elegantly Simple Formula Shows Why Passive Investing Will Earn Higher Returns Than Active http://www.prweb.com/releases/Mike-Dillard/oil-well-investing/prweb10290991.htm Investing
Unfortunately, active fund managers rarely beat the index. Even worse, they charge higher fees. In an FT column earlier this month, David Smith, fund manager at Hargreaves Lansdown Fund Managers wrote that without active managers the world would be poorer and that passive management is a parasitic industry benefiting from the activity of the active investors. In a new FT column , Jack Bogle, founder of Vanguard and a champion of passive investing, takes issue with Smith’s characterization. First, he points out the “elegantly simple formula” that investors should remember when it comes to passive investing. “…Passive index funds typically own the shares of each stock in the market portfolio. Since active managers own all the shares that remain, they too, in aggregate, also own the market portfolio. Owning the same market portfolio, both active and passive managers earn the same gross return. Therefore, the group with the lower fees, lower transaction costs, lower administration costs, and lower marketing costs namely, the passive index funds will earn the higher net return.