“What Has Your Equity Hedge Fund Manager Done For You Lately?” A great question posed over at the always entertaining Zerohedge. The chart above shows how hedge funds have become more and more correlated with the S&P 500 as the …
More US Citizens are turning in their passports before the Foreign Account Tax Compliance Act (a law that requires all international financial institutions to report all assets own by Americans to the IRS) goes into effect. As you can see …
August was a rough month for the S&P 500. (Yahoo Finance)
Here’s a great article from the CFA Institute’s blog, the Enterprising Investor that reframes the dilemma about strategic oil assets and energy independence. (CFA Institute)…
Steve Ballmer CEO of Microsoft, is to retire within the next 12 months. (CNN Money)
Here’s a link to the infographic above, that charts the CEOs of Microsoft (Gates and Ballmer) tenure versus the stock price. (CNN …
Bank of America moves to dissolve Merrill Lynch. The bank plans to keep the name of the firm for its retail brokerage arm. The move is cited to be part of a plan to reduce costs by $8 billion per …
Japan’s debt just hit one quadrillion yen. That’s a thousand trillion yen, about $10.5 trillion in US Dollars. That comes out to 245% of their GDP. (Businessweek)
A bill to end the mandatory arbitration clauses that big brokerage …
Inflation can be a serious threat that will eat away your purchasing power over time if you don’t structure your investments in the right way.
Inflation acts like headwind that we are constantly fighting against. You really need to consider …
For the average American, wage income accounts for only 75% of total earnings. The remainder is made up of “business income; interest, dividends, and capital gains; alimony; and taxable Social Security benefits and pension distributions.” (Tax Policy Center)…
To open an insurance exchange in a state, one of the stipulations of Obamacare is for the state to expand Medicaid, the federal insurance program for the poor. Obamacare mandates coverage to be expanded to 138% of the poverty line. …
The City of Detroit has officially declared bankruptcy. (NY Times)
Due to a new initiative passed by lawmakers, new undergraduate loans taken out after July 1st of this year will pay interest rates of just 3.86%. Over the …