Bringing it Home®
Community Trust and Investment Company…Bringing It Home. It means that we put you first. Your dreams‚ your future. Our client centered approach means that you have a team committed to the same purpose you are. We take time to get to know our clients. Our local presence has multiple benefits for our clients right here at home.
Community Trust and Investment Company is an integral part of Community Trust Bancorp Inc. We are a part of the community‚ so the decisions are made right here. You don’t get an automated line when you have questions. You talk to the person entrusted to take care of you.
Our team of financial professionals focuses on helping our clients attain their financial‚ business and retirement dreams. And with our global network of tools and resources you can rest assured that we will construct a financial plan specific to your unique objectives.
Buy American. I Am
An editorial by Warren E. Buffett—October 16, 2008.
I’ve been buying American stocks. Why? A simple rule: Be fearful when others are greedy, and be greedy when others are fearful.
A KENTUCKY INVESTMENT manager won the Barron’s 2007 forecasting challenge‚ beating more than 1‚000 other entrants.
Chad Sturgill‚ a portfolio manager for the trust and investment division of Community Trust Bancorp (ticker: CTBI)‚ a Pikeville-based bank‚ was the only entrant who scored 11; the maximum possible score was 21 points in our sixth annual challenge. The contest once again proved to be tough‚ with the average score of five. I got a five. The correct answers are below.
Sturgill‚ 36‚ is the first professional investor to win the contest. A Barron’s reader for a decade‚ he’s bullish on stocks‚ partly because they look more appealing than bonds. He notes that the Standard & Poor’s 500’s earnings yield – 12–month collective profits divided by collective stock price—is around 7%‚ way above the 10-year Treasury note’s yield‚ currently about 3.6%.
Sturgill wins a one-year Barron’s subscription and lunch with me in New York. If he can’t make it to Manhattan‚ we’ll send him $100.
go to Barron’s to read the questions and results >>
Famous Quote
“The investor’s chief problem, and even his worst enemy, is likely to be himself.”
“What a Difference…”
What a difference a month or two can make. The disastrous performance in the first quarter of 2009 has finally changed directions. A sizzling rally in the stock market and rapidly declining spreads in the bond market have created a refreshing change for wearied investors. -read more
Educational Corner:
The Yield Curve
The graphical depiction of the relationship between the yield on bonds but different maturities is known as the yield curve. In the past, most investors have constructed yield curves from observations of prices and yields in the Treasury market. Two factors account for this tendency. First, Treasury securities are free of default risk and essentially represent a base case for interest rates. Second, as the largest and most active bond market, the Treasury market offers the fewest problems of illiquidity or infrequent trading.