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Middle-aged investors looking to retire in about 20 years should position their portfolios to have a 25 to 30 percent stake in equities outside of the United States, Bill Gross, co-chief investment officer at PIMCO told CNBC Monday. Full Article at CNBC
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With investors piling into bonds in the wake of the stock market's swoon, one of the biggest beneficiaries has been Gross' PIMCO Total Return Fund (PTTAX), which has been growing at the eye-popping rate of $300 million a day. Full Article at The Money Times
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U.S. industry needs greater protections against global piracy, said Mario Gabelli of GAMCO Investors on Wednesday. Full Article at CNBC
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Monday Bill Gross, the manager of the largest US Bond fund PIMCO, said that the end to the Federal Reserve's debt buyback programs could add selling pressure to several credit markets, including U.S. Treasuries but he sees inflation remaining low for... Full Article at iStockAnalyst
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That's exactly the type of confidence you want to see in a long-term investment manager. Bill Gross currently owns the Holy Grail of stamp collections, and he is a realist. Full Article at The Money Times
