Sun05012016

Business & Real Estate

Does rebalancing your portfolio really work?

You’ve probably heard that you should periodically rebalance your investment portfolio. That means selling assets from asset classes that currently exceed your target allocation and buying more in asset classes that lag to maintain your target allocation over time. The presumed benefit is higher returns, reduced portfolio risk, or both.

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BBB warns of two phishing scams

The Better Business Bureau warns residents of two online scams aimed at gathering personal information. One involves Google Docs and the other Dropbox.

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Keeping a keen eye on local style


Alicia Castro/Town Crier
Simone Tregon, owner of Cambric Ltd., has maintained a solid downtown business by knowing her customers.

For one downtown clothing retailer, staying ahead of industry trends has meant one thing: knowing her customers.

“Being here so long, buying is instinctive to me,” said Simone Tregon of Cambric Ltd., celebrating a quarter-century in business this week. “I know what women are wearing.”

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Investors await Fed's move

The Dow Jones industrial average closed up 2 percent last week, but investors anxiously await the U.S. Federal Reserve’s policy meeting, scheduled today and Thursday. Investor anxiety has risen because of the impending decision on whether to raise short-term interest rates.

Jeffrey Yoakum of Pacific Wealth Advisors in Palo Alto noted that the Beige Book – a qualitative assessment of the U.S. economy and the 12 Federal Reserve Districts – suggests that the U.S. economy is still growing at or above its long-term trend.

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Transactions

Los Altos

1658 Ben Roe Drive, D. & N. Phan to Yang Trust for $2,369,500

921 Campbell Ave., Robbins Trust to J. & E. Han for $2,680,000

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Draeger's Market prepares for renovation


Rendering courtesy of city of Los Altos
An exterior design rendering showcases the upgrades to circulation and shopping at Draeger’s Market, a mainstay on First Street.

Draeger’s Market in Los Altos is prepping for a face-lift following the company’s 90th anniversary this year.

The in-process plan for the 342 First St. gourmet grocery store includes an expansion, seismic upgrades, parking improvements, revitalized landscaping and a new onsite loading area.

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Investors still on edge

The volatile stock market regained ground Thursday, but with concerns over a bleak Chinese manufacturing report, U. S. stocks began to slump again Friday.

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