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Special Report - Banking, Finance & Investment - August 02, 2012
Buying local doesn't always make sense in stock market
Great companies don't necessarily make great investments, experts say

By Bill Gunderson
Special to the Journal of Business

People fall in love with their hometown stocks. I see it all the time both as the host of a financial talk radio show and a wealth manager.

Which is OK, as long as you live in the right hometown. Seattle is not one of those towns.

Investors who choose their stocks like a favorite sports team also like to make late night calls wondering if it is "time to sell everything."

The answer: It depends on what you own.

Why would you sell your winn...


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