I received a phone call this afternoon from someone who found my firm online. The gentlemen has received no guidance regarding his 401k at work. Last July, he had $286,000 in his plan. Today he has $166,000. I asked him what he had been doing lately. He had moved his money in recent months from [...]
Investors Got Scammed: Bernard Madoff Made Off With The Money
December 13, 2008 by
Former NASDAQ chairman Bernard Madoff disclosed this week that the investment advisory firm he has run (aside from his market making business) was, in fact a fraud. It’s unknown exactly how much money has been lost, but it appears to be somewhere between $17 billion and $50 billion. By comparison, think about the money being [...]
For Advice on Stocks, Value Managers May Not Be The Way To Go
July 16, 2008 by
Ever heard of Bill Miller? He runs the Legg Mason Value Trust (LVMTX). Miller is literally splattered all over CNBC and other media outlets. He’s a value manager, which means he likes to buy stocks at a discount, and then essentially sit on them, until they appreciate. He made a name for himself as he [...]
Your Stock Investment Can Always Go Lower, Just Ask Merck
June 27, 2008 by
This article could be titled: Can (fill in the blank) go any lower? I’m not picking on Merck. The reality is you could drop in Merck, Citibank, General Motors, Ford, J.P. Morgan, along with most other names in the Dow Jones Industrial Average (and most of the largest names in the S&P 500) and ask [...]
Stock Market Comments: Compelling Value In Large Cap? We Think Not
Weekly Commentary for July 19, 2011 A few weeks back I wrote “there is a possibility this is how the stock market could move (sideways) for awhile.” It’s possible we could see five, six or seven weeks of sideways or straight up, followed by five, six or seven weeks of sideways to down. So yesterday, [...]