Category 2008


Hot Off the Web- September 28, 2008 As I am writing this blog, U.S. lawmakers appear to have reached a ‘tentative’ agreement to pump $700B into trying to minimize the damage resulting from years of regulatory and legislative neglect. Unfortunately the collateral damage to the average American (and Canadian) will no doubt continue for some […]


Hot Off the Web- September 21, 2008 The hundreds of articles in the past week giving you advice as to what to do could be summarized, hopefully without doing them too much injustice, as: spend less or withdraw less from assets, save more, pay down debt starting with most expensive first, stick to your financial […]


Hot Off the Web- September 14, 2008   In Barron’s “Retirement: Safety first”  Karen Hube looks at recommendations from five experts on how to minimize losses (stabilize returns) in shaky markets. Peter Bernstein suggests protecting yourself against extreme scenarios by hedging with TIPS (inflation indexed government bonds) against runaway inflation, long-term treasuries against deflation and […]


Hot Off the Web- September 7, 2008 AP’s Dave Carpenter reports that “Tough economic times forcing people to work until later in life” . In 2006 29% of people in their 60s were working compared to 18% in 1985. Pressures causing this trend are a combination of insufficient savings and impact of market drop on […]


Hot Off the Web- Sepetember 1, 2008 WSJ’s Sam Mamudi suggests that “Managed payout funds reveal flaws” . He argues that with the drop in the stock market serious flaws were exposed by having a significant portion of this year’s payout coming from fund’s capital. (I am not convinced. Suppose that a fund was designed […]


Hot Off the Web- August 24, 2008 In “Barclays Global Investors selects MetLife as income annuity provider for SponsorMatch”  you get a view of emerging asset allocation approaches in DC pension plans. BGI’s SponsorMatch product for company DC pension plans is composed of a combination of a target date fund and a deferred annuity. The […]


Hot Off the Web- August 17, 2008 A sign of the times is the growing amount of discussion about pensions. Jennifer Hughes of the financial Times writes that UK “Pension trustees set to seek more cash” . A combination of rising longevity, falling markets and “regulatory pressure to act prudently” will make trusties demand additional […]


Hot Off the Web- August 10, 2008 If you are wondering what Jonathan Clements, the recently departed WSJ excellent personal finance columnist is doing, read about it in Ron Lieber’s NYT article “Even small nest eggs need advice” . Jon Clements became Director of Financial Guidance for Citibank’s upcoming myFi  offering. You may also want […]


Hot Off the Web- August 3, 2008 To prevent being wiped out completely financially The New York Times’ Joseph Treaster suggests that “Umbrella coverage for preventing your ruin”  . Umbrella coverage, an extension of home and automobile policies, is a suggested insurance policy for people “which takes care of their liability for the lawsuits and […]


Hot Off the Web- July 27, 2008 The Financial Times’ Lauren Foster discusses sources of alpha for HNWI in “How to be first when it comes to returns”  . Alpha is defined as “returns that are not correlated to the market” (market returns are by the way called beta). The list of alpha sources named […]