Hidden Costs – Revenue Sharing and Self Dealing

Hidden Costs – Revenue Sharing and Self Dealing Your friendly neighborhood wire-houses like Edward Jones, Morgan Stanley and others have seen a outbreak of lawsuits by their own employees over hidden 401k fees. The key issue behind the lawsuits is that the...

The Nasty 3.8% Investment Tax

The Nasty Tax Here we are, 2 years after getting rooked with a 5 dimensional tax system, and many people are still unaware of the Nasty Tax: 3.8% Net Investment Income Tax (NIIT). I think the IRS used Wal-Mart pricing strategy with 8’s when they derived the number so...

Grandmother Dupes 146 Million People

“Something is rotten in the state of Denmark.” Hmmm.. The New Yorker is promoting the Federal Reserve Chair Janet Yellen as the protective grandmother for the middle class and unemployed. Conspicuously absent in Nicholas Lemann’s profile in the magazine is her track...

Argentina Odds

Argentina: Playing the Odds. In today’s World Cup Final, Argentina is a 3 to 1 underdog. Maybe enticing odds for soccer fans, but miniscule for a world famous hedge fund guru’s bet on the land of Patagonia. Paul Singer launched a hedge fund in 1977. He is known as one...