As the case I’m going to describe would indicate, it is a solid myth that divine inspiration can feed your greed. That is so wrong on so many levels, isn’t it? But some investors apparently didn’t think so. (this blog post is based entirely on the case described in Wealth Management magazine regarding two Utah […]
Divinely Inspired Algorithms Can Beat the Market Read More »
We’re all too familiar with the doctrine of “caveat emptor”, or buyer beware, which places all responsibility for a bad deal on the shoulders of the consumer. Caveat venditor reverses that responsibility, placing all responsibility upon the seller. With financial products and services, both are true, as the case below shows. A quick check with http://brokercheck.finra.org/
Reminder: These Financial Myths Headings are Myths. No. 8-10% is not a reasonable rate of return, even though national investment “superstars” still claim that it is.Here in Oregon, that point has been driven home . . . again, unfortunately, by Aequitas Management. The article that follows is long but instructive. (Thank you Advanced Regulatory Compliance,
8 to 10% Is A Reasonable Expected Rate of Return Read More »
It’s that time of year when the fresh sprouts of fraud emerge from your composting private information. One of the best ways to nip fraud in the bud is to overcome your embarrassment and turn in people who rip you off. Here is the best place to do that, when it comes to your Federal
Not a Myth: IRS’s Dirty Dozen Tax Scams List Remains Unchanged Read More »
This blog heading is colloquially true, especially when it comes to Investment Adviser contracts. A recent review of compliance violations found- first of all- that 22% of advisers didn’t have contracts with their clients. A contract isn’t required unless a fee of some kind is collected from or owed by a client. So if you
THE DEVIL IS IN THE DETAILS Read More »
Wish this was true, but it’s yet another Financial Myth. You can read the whole article here, or, my abridged version below.http://www.irs.gov/uac/Newsroom/IRS-Warns-Taxpayers-to-Guard-Against-New-Tricks-by-Scam-Artists It’s good to know the 5 things IRS will not do: Angrily demand immediate payment over the phone, nor will the agency call about taxes owed without first having mailed you a bill. Threaten
RELAX, IRS has eliminated Fraud Read More »
I wish this were a myth, but there will always be misguided people who prey on the hopes and fears of the gullible, not realizing that with the same or less effort they could make an honest living! On the State level here are the most pernicious frauds being perpetrated here in Oregon:http://www.doj.state.or.us/releases/pdf/2014_top_ten_complaint_list.pdf The list
Top Financial Frauds for 2014 to avoid in 2015 Read More »