Analyze the following case, summarize what is stated in the case, and answer the required questions.

The Perezes' Good Fortune: Angel and Marie Perez own a small billiard hall located in southern New Jersey. They like running the business, which they have owned for almost three years. ngel, a retired professional swimmer, saved for almost 10 years to buy this business, which he and his wife own freely. The income from the billiard hall is adequate to allow ngel, Marie, and their children, Mara (10 years old) and Jos (4 years old), to live comfortably. Although he lacks any formal education beyond the tenth grade, Angel has become an avid reader. He likes to read about current events and personal finance, particularly investing. He especially likes Money magazine, from which he has gained numerous ideas to better manage the family's finances. Due to the long hours required to run the business, Angel is able to spend 3-4 hours a day (at work) reading. Angel and Marie were recently notified that Marie's uncle had died and left them a portfolio of stocks and bonds with a current market value of $300,000. They were elated to learn of their good fortune but decided it would be best not to change their lifestyle as a result of this inheritance. Instead, they want their newfound wealth to provide a college education for their children, as well as their own retirement. They decided that, as their uncle, they would keep these funds invested in stocks and bonds.

ngel considered that he needed to become familiar with the securities that are currently in the portfolio. He knew that in order to manage the portfolio himself, he would have to stay on top of the stock markets, as well as the economy in general. He also realized that he would have to track each security in the portfolio and continually evaluate possible alternative values that could be substituted as justified terms. Because Angel enjoyed using his spare time to follow the market, he firmly believed that, with the right information, he could manage the portfolio. Given the amount of money involved, Angel wasn't too concerned about the costs for information; rather, he wanted the best information he could get at a reasonable price.

Questions

1. Explain what role the Wall Street Journal and/or Barron's could play in meeting Angel's needs. What other general sources of economic and current information would you recommend to ngel? Explain.
2. How might Angel be able to use the services of Standard & Poor's Corporation, Mergent, and the Value Line Investment Survey to learn about the securities in the portfolio? Indicate which of these services you would recommend and why.
3. Recommend some online investment information sources and tools to help Angel and Marie manage their investments.
4. Explain to Angel the need to find a good stockbroker and the role the stockbroker could play in providing information and advice. Should he consider hiring a financial advisor to manage the portfolio?
5. Offer Angel a short recipe of information and advice that will help ensure the preservation and growth of the family's newfound wealth.

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