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Here are some lessons learned from Black Monday that can guide you now

Here are some lessons learned from Black Monday that can guide you now

Finance
On Monday, Oct. 19, 1987, the Dow Jones Industrial average fell 22.6 percent in one day. It's been 30 years since then, but the event still holds some valuable lessons for any investor today.New innovations, such as program trading, which powered portfolio insurance and trading on indexes and index futures, were blamed for what happened on Black Monday.At the time, as much as half of the market's trading volume was programmatic. When index futures in Chicago were lower than the actual indexes on Wall Street, the programs would sell stocks. Unfortunately, the rout was on when the futures market remained lower throughout the day and investors panicked and sold, too.From the beginning of 1987 through August of that year, the Dow had jumped up 44 percent in value — but then fell roughly 10 per
Your junk, their treasure: Some investors hoard offbeat collectibles from condoms to Pez dispensers

Your junk, their treasure: Some investors hoard offbeat collectibles from condoms to Pez dispensers

Finance
From duck decoys and hood ornaments to limited-edition sneakers and Pez candy dispensers, offbeat collectibles attract the eye of investors who crave tangible assets they can appreciate and that ... well, appreciate in value. Assembling a collection of rare items is as much a labor of love as an investment tactic and won't necessarily net owners significant returns. Then again, it might. "In general, these are considered speculative types of investments," said Russ Robertson, a certified financial planner with WealthCrest Financial Services. "You can get great returns, but it comes with high risk, unless you really know what you're doing."Pez aficionado Dale Pike of Pittsfield, Massachusetts, who has amassed more than 1,000 of the themed candy dispensers over several decades, told CNBC.co...
Sepsis: Some NHS hospitals missing treatment target

Sepsis: Some NHS hospitals missing treatment target

Health
One in four NHS hospital trusts is failing to give antibiotics to half their patients with sepsis within the recommended time, new figures suggest.Figures from 104 trusts seen by BBC Panorama show 78% of patients are being screened and 63% are getting antibiotics within one hour.Health Secretary Jeremy Hunt said the NHS had "more to do" to stop "preventable" sepsis deaths occurring.Sepsis is a rare but serious complication of an infection. Without prompt treatment, it can lead to multiple organ failure and death.In 2015, concerned at the growing number of sepsis cases going undetected, the NHS told hospital trusts to examine how successful they were at identifying patients with the condition. The figures seen by Panorama cover the 12 months to March 2017.'I've never felt this ill before'Al...
Some closed funds are ready to open for business again

Some closed funds are ready to open for business again

Finance
Managers of actively run funds can't seem to get a break these days, and that includes closed ones.With the rise of passive investing, their business model and sales pitch for active management have come under seemingly constant attack. The latest domino: funds that had previously been closed to new investors. These funds — often run by prominent managers — have seen outflows on par with open active funds. It's leading them to reopen their gates once again. For some out there, this gives an opportunity to buy.In a closed fund, the managers have decided not to accept new investors. This typically means that the popularity of a manager or a fund grew due to outstanding performance, leading investors to clamor. Once the assets under management become too large, the managers can't safely deplo
Some women need a hysterectomy after sterilisation device Essure

Some women need a hysterectomy after sterilisation device Essure

Health
A number of women are having to undergo hysterectomies to remove a sterilisation device used on the NHS, the Victoria Derbyshire show has found.The Essure implant is used to permanently sterilise women, but can cause side effects and complications.One woman - who later had her uterus removed - said she was left suicidal due to the "unbearable" pain, and felt she was a burden to her family.The manufacturer says Essure is safe and the benefits outweigh the risks.The sale of the implants in the EU was temporarily suspended this month. Manufacturer Bayer has asked hospitals in the UK not to use the device during this time. 'Painful to move'Laura Linkson, who was fitted with the Essure device in 2013, said the pain left her suicidal."The device was sold to me as a simple and easy procedure. I w...