A colleague of mine recently left our firm and the business, asking me to take care of a few of his clients. One client about whom he was concerned happens to be his cousin. My colleague was new to the business, and his manager handled setting up...
STRUCTURED PRODUCTS, complicated hybrid securities used both to hedge and to speculate, are among the fastest growing investment vehicles in the retail market
Some years ago, during the Great Buying Panic of the 1990s, it occurred to Rob Isbitts that the traditional idea of diversification might not provide the downside protection it was advertised to deliver.
It's true. Back in the Great Buying Panic of the 1990s, going 100 percent long (or more) of, say, the S&P 500 or QQQ was about all an investor needed to do to look like a genius.
When the mutual fund scandals broke in 2003, some of the most notorious villains were so-called side-by-side managers money managers that ran mutual funds and hedge funds at the same time.
SOME PEOPLE have too much of a good thing: The 2001 tech wreck taught a lot of advisors and their clients that. In fact, no advisor worth his salt would suggest that a bond fund, a small-cap fund and exposure to, say, the 10 industry segments of...