The SEC became concerned that financial reporting and disclosure was in need of some smoothing out and improvement, so in true government fashion, it formed an advisory committee to explore ways to improve financial reporting for investors.
You may recall that I mocked the whole thing based on the fact that A LOT of that complexity [...]
Ok, technically, it isn’t greenmail, but the actions of Carl Icahn in regards to Yahoo! have been very reminiscent of the old strategy. Basically, Icahn used his fortune to buy up a large amount of Yahoo stock and then complained loudly in the media about the Yahoo board, specifically about their decision not to sell [...]
Today’s inspiration comes courtesy of All Financial Matters (a solid blog with good hard numbers data) who notes that a Money Magazine article called “The Mole” discusses how just because a financial advisor says he puts his clients first doesn’t mean he does. Really? Did I miss something? If it says “I put my clients [...]
The stock market dipped below the magic 20 percent needed to call it a bear market yesterday. Media outlets were quick to throw up their bear market headlines, but the markets rallied and exposed the headline game as a gimmick with flashy words.
The U.S. Supreme Court in a 7-2 decision upheld the central tenant of most state’s municipal bond tax policy, specifically that a state can exempt it’s own muni bonds from taxes while taxing the interest on other state’s muni bonds. So, nothing changes from before. If you live in California, the only way to avoid [...]
Great Stock Fund Re-Opened
One of my favorite mutual funds is the Dodge & Cox Stock Fund (DODGX). It’s performance is virtually flawless for its purpose (large cap stock). This isn’t some flashy hey-look-at-me mutual fund. In fact, this is exactly the kind of fund that people started questioning during the Internet bubble, and that is [...]
Recently, a client explained to me how he thought gold was a good investment and protection against inflation. I’m not going to talk today about if he is right or wrong. Instead, I’ll mention that his fabulous do it yourself investment solution was Fidelity’s Gold Fund. Good call? Well, it came as quite a shock [...]
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