Full powers unleashed And he achieved the mark in the fourth over of the innings and in his 290th T20 game when he edged seamer Basil Thampi to third man. The 37-year-old then unleashed his full powers, blasting five fours and seven sixes as he raced to his 61st T20 half-century off just 23 balls, launching left-arm spinner Shivil Kaushik for his fifth six to raise the landmark. Gayle featured in a up tempo 122-run stand for the first wicket with captain Virat Kohli who punched 64 from 50 deliveries. The Jamaican eventually perished in the 13th over when he was lbw to leg-stump yorker from Thampi. Gayle now has 10,074 runs, well ahead of McCullum who is second on the run-getters list with 7,596, with Australian Brad Hodge third on 7,338 and West Indies power-hitting Kieron Pollard fourth with 7,087. RAJKOT, India, CMC : West Indies superstar Chris Gayle became the first batsman to score 10,000 in Twenty20s, when he belted a typically bellicose half-century to fire Royal Challengers Bangalore to a 21-run win over Dwayne Smith’s Gujarat Lions in the Indian Premier League here yesterday. The veteran left-hander, who has not played for West Indies in 12 months, hit a sparkling 38-ball 77 – his first half-century in 17 T20 innings – as RCB, sent in at the Saurashtra Cricket Association Stadium, raced to 213 for two off their 20 overs. In reply, Lions made a good fist of it but were restricted to 192 for seven off their 20 overs, with Smith failing at the top of the order with one. New Zealander Brendon McCullum pummelled 72 from 44 deliveries but lacked support in the top order. The headlines, however, were all about the sensational Gayle who with 32, six and 22 in his three previous innings in the tournament, entered the game just three shy of the 10,000 run mark.
Overlooking the rest of the world in choosing investments. If there’s any lesson in the events of recent years and the U.S. economy’s intermittent hard times, it’s that our country is not only no longer the center of the universe, it increasingly depends on the goods and economic well-being of the larger global economy. A failure to ensure that a portion of the asset base is solidly situated in foreign mutual funds and into a diversified foreign currency fund can be a costly mistake over the long run. There are well-rated funds that specialize in developed countries, such as Australia and nations in Europe. There are also funds focusing on developing markets – China, the Philippines, etc. Some weighting in each arena could broaden the potential for overall longer-term returns in a portfolio, depending on risk comfort versus appreciation expectations. Letting risk avoidance rule the day. This common pitfall of the “play-it-safe-not-sorry” investor is often, and can, somewhat ironically, be more costly in long run than chasing after so-called high-risk investments while chasing high returns. People tend to get it wrong in two areas. Those with a relatively long investment horizon (people in their late 30s and early 40s) shy away from risk when they actually have the time to assume that risk. Conversely, some with a shorter investment time horizon – within a decade of retirement – sometimes throw a large portion of their assets into a high-risk investment because they’re worried about having enough money for retirement. Remedy: Be willing to take on risk, but ensure it’s at a level appropriate to your financial footing, earning ability and investment time horizon. Stuffing all one’s assets into low-earning taxable vehicles such as bank certificates, which barely outpace inflation, is tantamount to taking the wrong kind of risk, for an individual with two decades of earning years ahead. Likewise, for a 62-year-old, pulling $100,000 from a retirement account to invest in a promising nephew’s biotech company is a risky move. Stephanie Enright owns Enright Premier Wealth Advisors of Torrance. Write to her at the Daily Breeze, 5215 Torrance Blvd., Torrance, CA 90503-4077. If you need financial advice, include a stamped, self-addressed envelope so you can receive a confidential questionnaire. Questionnaires also are available at the Daily Breeze. Only letters chosen for publication will be answered; your real name will not be used. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! On the more complex scale, investments in paired industries – airline transport and high-end resort real estate, for example – could prove disastrous if the holdings are substantial. Remedy: Ensure the portfolio is diversified across multiple investment vehicles, company/sector types and geographical areas. To diversify broadly, use indices that can be bought like stocks on the market. There are a wide variety available, such as the S&P 500, made up of the 500 largest companies, and growth and value indices offered by Russell. If the economy looks strong, you should look at growth vehicles. If it is weaker, value often performs better. Indices also are available for developing countries and emerging markets. A portion of any portfolio should be in secure investments such as well-rated bonds (taxable or tax free), which can give income to be spent or reinvested. For specific advice on these and on no-load mutual funds, stocks or bonds, a fee-only adviser can help. Underestimating how long assets will be needed. This one is a classic downfall – one that’s often illustrated by those centenarians we frequently see on television specials or in newspaper articles who admit they “never intended or expected to live beyond 80.” With today’s medical advances and the more active lifestyle many boomers lead, make sure you invest for decades of future financial viability. Remedy: Expect a lifespan well into the 90s unless there’s a known health issue or contributing genetic factor that makes a long life unlikely, and ensure the portfolio includes investments structured to go the “long haul.” The stock market volatility of recent months, coupled with workers worrying about the future of their jobs, has prompted many young and “middle” middle-aged workers to pay more attention to their retirement accounts and manner of investing. Based on many letters from readers, baby boomers and members of the previous generation are trying to plan more aggressively for their future financial security. Many ask: What are the top four mistakes in investing for the future, and how do you avoid them? Here are the most common mistakes and remedies for middle-aged and older investors, including novices and savvy individuals: Failing to identify less obvious risk factors. Even the most sound investment strategy can run aground when hard-to-predict risks develop, such as severe currency or interest-rate fluctuations, “terminal” industry sector or revenue-source declines for companies, and unexpected civil conflicts or wars in an otherwise economically vibrant region.