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...

Smart Money Moving into Navistar?

Hedge fund gurus Mark Rachesky and Carl Icahn both bought truck loads (pardon my pun) of shares in the company Navistar (NAV).  Rachesky’s hedge fund, MHR Fund now owns 15.8% of the company’s shares and Icahn 16.5%.  Both of these seasoned investors are...