IRS Scrutinizes Gifts of Real Estate The IRS is cracking down on gifts of real estate to family members. We often see situations where mom and dad put the kids on the deed, or outright give them real estate without realizing that this is a gift (or they realize it is a gift but figure […]
Does not correlate: Portfolio manager is short long-only portfolios I agree that portfolio construction using just long only stocks and bonds does not work and not only do investors need to be more tactical they need to be completely tactical. However, how can you say that stocks over the next couple of years will be […]
Portfolio management theory all wrong, claims economist We have long argued that rebalancing based on the calendar and selling you winners to buy more of your losers made no sense. Rebalancing should only be done when market dynamics shift and should be done based on the direction of the underlying trend.
Pimco’s ‘new normal’ missed out on 94% stock rally: Wharton’s Marston Bill Gross can’t predict the market neither can Richard Marston or anyone else for that matter. Bill Gross is one of the smartest guys out there but he got it wrong in a big way. Will Marston be right? Who knows, you have a […]
Morningstar Adds New Alternative Categories This brings Morningstar’s Alternative category to seven and gives investors a greater ability to compare apples to apples. Now if they would just come out with a tactical category that would be great.
I was recently interviewed by NBC about the new rules that will be going into effect this year that will not allow stay at home spouses to use the working spouses income to qualify to get a credit card. This is one of the dumbest things I have ever heard. As a CFP I understand […]
We normally assume that since stocks have higher risk than bonds that they will perform better. This is an excellent piece by Research Affiliates that shows that this is not necessarily the case. The next time a broker tries to tell you that stocks always outperform bonds show him this. The Biggest Urban Legend in […]