Monthly Archives: January 2013

Investors pay millions to watch two billionaires fight over a stock

Two hedge fund giants, Bill Ackman and Carl Icahn, are currently having a very public fight over the future prospects of Herbalife (HLF), a publicly traded company. Ackman runs Pershing Square Capital Management, and Icahn’s fund is Icahn Partners.  Much of the financial world stopped last Friday to watch these two billionaires take pot shots at […]

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Pay-to-Play and “Premier” Funds at TDA

(Let me say this isn’t intended to be directed specifically at TD Ameritrade.  Every major custodian is doing a No-Transaction-Fee platform these days. TDA’s piece just happened to land in my mailbox). So, I got this in the mail yesterday. I had an aching suspicion of what could be inside and opened the envelope with […]

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Murder Holes: Built to Fail

(I recently read Josh Brown’s Backstage Wall Street. Rather than write a plain boring review, I thought I’d talk about a few points in the book that I enjoyed and can relate to.) Near the end of the book Josh writes about “Murder Holes,” or investments that should be absolutely avoided at all costs.  Here’s my […]

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Pursued by Wholesalers

(I recently read Josh Brown’s Backstage Wall Street. Rather than write a plain boring review, I thought I’d talk about a few points in the book that I enjoyed and can relate to.) Chapter 10 in Backstage Wall Street is “Wholesalers and the Brokers Who Love Them.” Here’s a quick rundown on who wholesalers are and my […]

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The Return of Tax-Free Charitable IRA Distributions in 2013

Once again in 2013 IRA holders will be able to make tax-free distributions from their accounts to a charitable organization of their choice.  Revived as a part of the “fiscal cliff” fix, the American Taxpayer Relief Act, (ATRA), the provision which was allowed in 2011 and expired in 2012 is back for 2013. IRA owners […]

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On Morningstar “Fund Managers of the Year” and Future Performance

A new year brings a recurring list of best-ofs and top-tens, and mutual fund investors have come to expect Morningstar’s renowned Manager of the Year accolade, bestowed to managers across several categories for strong performance in the prior year. Fund managers covet the award as it brings tremendous recognition and gets slapped all over the mutual fund’s […]

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2012 In Review

As we have turned the page of another calendar, we’ll take a look back at 2012 and see how the markets treated investors, our economic progress and the latest news from Washington DC. Markets: 2012 was a banner year for US stocks as the S&P 500 returned 16.00% including dividends.  The markets started off the […]

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