Archives for 2010
I recently received an email from a client inquiring whether I knew of any legislation proposed by the Obama Administration to nationalize 401(k) or other retirement plans. I was not immediately familiar with the details of the proposed legislation, but I was curious to learn about the Obama Administration’s retirement
Charles Ellis is a legendary financial consultant who advises institutions and governments around the world on investing. For many years he chaired the investment committees at both Harvard Business School and Yale School of Management, and he also chaired the CFA Institute, the global association of investment professionals. Mr. Ellis
Though final approval of the financial reform bill has yet to occur, House and Senate negotiation regarding the regulation of financial advisors is complete. Unfortunately for investors, the bill fails to apply the fiduciary standard to all who offer investment advice. However, a step in the right direction is included.
The healthcare legislation signed into law this year was among the most voluminous in recent history. As with all things government-related, it is challenging to decipher and understand how it will affect you and me. I recently attended the national conference for the National Association of Personal Financial Advisors, where
Concerns out of Europe sent U.S. stocks in a decline Thursday reminiscent of declines during the 2008-2009 global financial crisis. The correction experienced is not necessarily a surprise, but what is surprising is the reason: Greece – specifically Greece’s questionable ability to service its debt and the implications a default
Estimates from the bi-partisan Congressional Budget Office indicate the federal budget deficit will rise to $1.5 trillion in 2010 before falling to $1.3 trillion in 2011, representing 10.3% and 8.9% of estimated Gross Domestic Product (GDP), respectively. This raises a key question for investors: What impact might massive government spending
A recent study by prominent academicians Eugene Fama and Kenneth French analyzed the returns of actively managed U.S. stock mutual funds to evaluate the presence of skill among active managers. The professors conclude that only zero to 3% of active managers exhibit the skill sufficient to outperform a comparable efficiently
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