The Investment Advice Business Archive
Loomis Wealth Solutions: Another Local Ponzi Scheme
June 11, 2009 · Category: Sacramento, The Investment Advice Business
The brazenness and cynical manipulation of these victims is beyond the pale.
- Lawrence Brown, Acting US Attorney
I just read an article from the front page of yesterday's Roseville Press Tribune saying that a local outfit, ...
Posted by Greg Feirman · No Comments »
The End Of Personal Finance: Decades Of Advice Turn Out To Be So Much Garbage
May 5, 2009 · Category: Gold, The Investment Advice Business
Years ago, when I wrote a popular financial makeover feature for a major national newspaper, one of our subjects asked if he should be plowing his more than $50,000 in savings into gold. It was ...
Posted by Greg Feirman · No Comments »
WSJ: Advisers Ditch ‘Buy and Hold’ For New Tactics
April 30, 2009 · Category: Business Culture and Current Events, The Investment Advice Business
It's a complete rethink of how to do asset management.
- Jeff Seymour, Triangle Wealth Management LLC in Cary, NC, who early last year changed from a buy and hold strategy to holding about 90% of client ...
Posted by Greg Feirman · No Comments »
Atlantic Monthly Cover Story: Why I Fired My Broker
April 23, 2009 · Category: Business Culture and Current Events, Culture and Current Events, The Investment Advice Business
Entertaining and funny story headlining this month's Atlantic Monthly, "Why I Fired My Broker", exploring a question that many middle/upper class Americans are asking themselves these days: Should I fire my broker/financial advisor? Where can ...
Posted by Greg Feirman · No Comments »
S-H-O-C-K-I-N-G: Berkshire Stock Portfolio Below Cost Basis
March 3, 2009 · Category: Business Culture and Current Events, Business and Investment Philosophy, The Investment Advice Business
I just came across a shocking post from Jeff Mathews on Berkshire's equity portfolio: "This Just In: Berkshire Equity Portfolio Back To Its Cost Basis", Saturday February 28.
In that post, Mathews says that Berkshire's equity ...
Posted by Greg Feirman · No Comments »
Stanford Financial Charged With Massive Fraud
February 17, 2009 · Category: Market Commentary, The Investment Advice Business
As we allege in our complaint, Stanford and the close circle of family and friends with whom he runs his businesses perpetrated a massive fraud based on false promises and fabricated historical return data to ...
Posted by Greg Feirman · No Comments »
The Wall Street Journal Weighs In On Peter Schiff
January 30, 2009 · Category: The Investment Advice Business
Geez.... Mish's post from Sunday night, "Peter Schiff Was Wrong", has sure generated a lot of interest and controversy. That's because Peter Schiff is a polarizing figure. People tend to either love him or hate ...
Posted by Greg Feirman · 3 Comments »
In Defense of Peter Schiff - A Response To Mish
January 26, 2009 · Category: Blogs, The Investment Advice Business
One of the best and most well read investment bloggers, Mish of Mish's Global Economic Trend Analysis, ripped into Peter Schiff last night in a lengthy tirade on his blog titled "Peter Schiff Was Wrong".
One ...
Posted by Greg Feirman · 6 Comments »
Many ProShares UltraShort ETFs Are A Disaster
January 23, 2009 · Category: The Investment Advice Business
Over the last month, a number of commentators have begun to vocipherously denounce levered ETFs pointing out that, over periods of time longer than a day, many of these ETFs don't deliver what you'd expect ...
Posted by Greg Feirman · 2 Comments »
Madoff Investment Securities Revealed As “Stunning Fraud”
December 12, 2008 · Category: Business Culture and Current Events, Market Commentary, The Investment Advice Business
Our complaint alleges a stunning fraud that appears to be of epic proportions.
- Andrew Calamari (subscription required), Associate Director of Enforcement, SEC New York Office
It's all just one big lie.... basically, a giant Ponzi scheme.
- Bernard ...
Posted by Greg Feirman · 1 Comment »
