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Using options requires the proper mindset. When recommending an option strategy to a client, it is important that they have realistic expectations. Equipping a client with realistic expectations has three parts, stating the initial intent, having...
It is never too soon to think about year-end tax issues. Imagine that you have the opportunity to take a loss on a stock you own, but, since you like the prospects of that stock over the long term, you could still control the stock. Have you ever...
The NASD Wednesday slapped Waddell & Reed with more than 6,700 complaints, charging that the firm systematically encouraged brokers to recommend unsuitable variable annuity exchanges to its customers. Two company executives were cited. The firm&...
As the baby boomer generation nears retirement age, the financial issues that weigh heaviest on their minds are shifting. According to a study released yesterday by AXA Financial, baby boomers have switched their financial focus from providing for...
The OEX index is trading at $560, and your client wants to sell 560 puts for $10. Is there a similar strategy with less risk that you can recommend? Yes! Read on.
The OEX index is trading at $560, and your client wants to sell 560 puts for $10. Is there a similar strategy with less risk that you can recommend? Yes! Read on. Rather than selling a "naked" 560 Put, one could opt for a "Bull Put Spread."...
A controversial NASD initiative that would give investors easy access to complaints against brokers is undergoing some change, but it’s looking increasingly likely to come to fruition. In April of 2003, NASD laid the groundwork for the so...
The Investment Company Institute has responded in kind to a recent study that found that mutual fund investors shoulder exorbitant management fees. The original report, by professors John Freeman and Stewart Brown, concluded that equity fund...
