Here is a thoughtful, objective, and comprehensive analysis of U.S. tax policy from Howard Marks at Oaktree Capital. It is worth a read to begin to understand the issues involved. Click here to read the full text.
Each year, we assess our clients’ taxable gains for the year and review each of their portfolios to determine if there are securities that could be sold to recognize tax losses. By selling loss positions and recognizing the loss, an… Read More
As we do each year and with a spirit of Thanksgiving, we would like to thank all of our clients and friends for their confidence and support over the past many years. While we remain focused on our business and… Read More
Edward P. Lazear, in a recent Wall Street Journal article suggested that there are two theories at large which describe the current concern for European Economies. The more prominent description is the “domino” theory, suggesting that if Greece fails, then… Read More
Read our Fall 2011 newsletter - On the Horizon.
The Political Battlefield
After the pitched battle to raise the debt limit ceiling and the follow on downgrading of U.S. Government debt by Standard and Poors, it is no wonder that August brought such volatile markets. Our chattering political class… Read More
Given the volatility in the capital markets over the past few weeks, it is easy to forget that the market was just a hair from its 52-week high as recently as July. Then, a flurry of events has made the… Read More
We closely follow the periodic columns by Jason Zweig, who is the investment columnist for the Wall Street Journal. The following article, from the September 10, 2011 issue of the Weekend Journal is a bit of a financial history and… Read More
Rather than breathing a sigh of relief that the U.S. debt ceiling debate has been resolved, the markets have registered a precipitous decline. Then, adding insult to injury, the Standard and Poor’s ratings agency downgraded the credit rating of the… Read More
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2011 – A Difficult Year for Active Investors
2011 was a very difficult and frustrating year for active investors. According to a recent Bloomberg article, this was the worst year for actively managed mutual funds since 1997. For the year, the S&P 500 was up 2.1%… Read More