Senator Bernie Sanders has released his tax proposal in his bid for the Democratic nomination for the Presidency of the United States. I’ve finally made my way through it. Here are my thoughts.
Although it may seem like I haven’t been around much lately, reality is far different. I’ve been quietly publishing more than I have in years, it’s just hidden. Kind of. As part of the upgrades to the Investing for Beginners site that are happening, I’m putting in quite a bit of time in the midst of everything else going on, often releasing 10,000+ words per month.
By now, you are no doubt aware that Supreme Court Justice Antonin Scalia passed away unexpectedly in his sleep. At 79 years old, in generally good health, and seemingly as sharp as ever, the news came out of nowhere.
Market Timing, Valuation, and Systematic Purchases I have a lot of work to do but I’m sitting at my desk, the snow is on the ground outside, I have a fresh cup of coffee in front of me, and I don’t really feel like diving into my task list quite yet. This is going to…
A Night of Delicious Korean Food at Sobahn in Kansas City My youngest sister flew back from the East Coast tonight after being out there for roughly three weeks. My parents, Aaron, and I met her at the airport and then went out to a place called Sobahn, a well-rated Korean restaurant in Kansas City.…
Almost five years ago, Tiffany & Company was glittering at time when much of the corporate world was still mired in misery from devastating losses and the implosion of Wall Street. Based on the annual report for the prior year, 2010, worldwide net sales had risen by 12% on a constant-exchange-rate basis, reaching $3,085,290,000. After-tax profits were up 39% from the year before, 2009, when the developed world had gone through the worst meltdown since the Great Depression, coming in at $368,403,000.
One of the things that worries me from a risk management perspective is investors who don’t know what they own or their actual, real portfolio weightings. Sometimes, I’ll hear new investors say, “I own stocks” or “I own mutual funds” but neither is an answer. Those aren’t the relevant details. The real question: “In which enterprises, on what terms, and at what price has the money been invested, laid out, and exchanged?”. Much of everything else is a smokescreen serving to obfuscate reality. It’s risk-adjusted reward we’re after; reward measured in after-tax, net-of-inflation real purchasing power.
Mail Bag: What Is Something That Is an Instant Deal Breaker for You? Joshua, What is a trait or behavior that is an instant deal breaker for you or that can cause you to reevaluate a person negatively? [Redacted] For better or worse, each of us is influenced to some degree by our childhoods. No…
Vanguard Accused of Dodging Nearly $35 Billion in Taxes – Expense Ratios May Need to Quadruple According to Expert Report Submitted to IRS
From August 2008 to June 2013, David Danon was an associate attorney in the tax department at the Vanguard Group. According to a whistleblower lawsuit filed with the State of New York, which served as the basis for additional whistleblower actions filed with the State of Texas, the State of California, the Securities and Exchange Commission and the Internal Revenue Service, Danon was silenced, and ultimately sent packing, after he persistently warned management that Vanguard was committing massive tax abuse by using a combination of legal entities and improper pricing structure; an arrangement that went back 40 years. Danon claims that others who had raised similar concerns had also left the firm after facing a backlash for refusing to toe the line on what they believed was illegal behavior.
How Joe Campbell Found Himself $106,445.56 In Debt to His Broker in a Matter of Minutes Because He Didn’t Understand the Risks of Shorting Stock
One of the major themes running through my body of work, both on this site and at Investing for Beginners, can be summed up in the statement, “Know your risks”. I hammer it home all the time; “risk-adjusted return”, talk about remote-probability events, explaining how much of wealth building is learning to “tilt probabilities in [your] favor”, admonishment to never invest in something you don’t fully understand and couldn’t explain to a Kindergartener in a couple of sentences. Consider this real-life tragedy a morality tale that can help you protect your own family.