Performance Fees With A High Water Mark – Example Calculation

Posted Leave a commentPosted in Client Service

Here’s one illustration I often based on our fee structure of zero management fee + 25% quarterly performance fee, assuming the account is worth $100 on December 31st. All the below illustrations assume you did not deposit or withdraw any money from the account over the course of the year, and are for illustration purposes […]

Getting Interactive Brokers statements automatically e-mailed to you, monthly or even daily

Posted Leave a commentPosted in Client Service

Interactive Brokers is known for being far more trader friendly and tech friendly than user friendly, and many users may feel they have too much choice in how to customize their statements.¬† Below is a quick guide with screenshots that will hopefully help clients log in to Account Management and set up statements for one-time […]

A Critical Look at Critical Illness Insurance: Is It Worth It?

Posted Leave a commentPosted in Uncategorized

Most critical illness insurance policies (also known as “dread disease insurance”) I’ve seen before have looked like a pretty bad deal when I add them up and compare them with alternatives.¬† These are a few things I often find unattractive about them: They are often sold, not bought or sought. They are often sold on […]

IRA Contribution Limits 2018

8 Questions Most American Expats Should Ask Every Year About IRAs and Retirement Savings

Posted Leave a commentPosted in Personal finance, Saving

In the US, many employees have 401(k) plans that automatically deduct a significant portion of their salaries into a tax-advantaged retirement account. ¬†Many 401(k) plans only allow these savings to be invested in a limited selection of mutual funds, and some 401(k) plans only offer expensive, poorly performing funds rather than low-cost index funds or […]

Performance of Quality, Value, Momentum, and Low Volatility Strategies vs the S&P 500

Posted Leave a commentPosted in Investing, Uncategorized

I have been working with “smart beta” strategies since 2006 (before they were even called “smart beta”), and continue to believe that investing through these rules-based factors provides better risk-adjusted returns than index funds at far lower cost than actively managed mutual funds. ¬†In GFM-managed client accounts, we continue to apply the well-researched factors, of […]

The 7 C's of How Tesla Stock Will Probably Crash (But Not Burn)

Posted Leave a commentPosted in Investing

One major landmark for 14-year-old Tesla Motors (TSLA) this year was¬†surpassing the market cap¬†of 109-year old blue chip US automaker General Motors (GM), despite having only sold 76,000 cars in 2016 vs. GM’s 10,000,000 cars sold, and despite Tesla¬†continuing to lose almost $1,000,000,000¬†each year as GM has been¬†posting annual profits of almost $10,000,000,000. Of course, […]

Lists of Closed-end Funds and Investment Trusts in the US, UK, Canada and Australia

Posted Leave a commentPosted in data, Investing, Lists

Although ETFs have become the exchange-traded investment vehicle of choice over the past 25 years, closed-end funds remain a relevant way to access less liquid and less scalable assets, and for this reason they are often available at a discount to their net asset value with many paying high dividend yields. As a handy reference, […]

ETFs and Blockchain are excellent technologies, but there are at least 6 reasons to reject #bitcoin ETFs

Posted Leave a commentPosted in News

My latest SeekingAlpha article lists 6 reasons regulators (and exchanges) should reject Bitcoin ETFs, ranging from the practical and technological to arguably moral and social reasons. I wrote back in 2014 about how 21st blockchain technology should wrap and replace 20th century mutual fund and ETF technology. ¬†ICOs are a start towards this, but I […]