Margin calls can ruin a portfolio when the bills come due. This from WSJ Wealth Advisor: Loans backed by investment portfolios have become a booming business for Wall Street brokerages. Now the bill is coming due–for both the banks and their clients. Some lenders, including Bank of America Corp., are issuing margin calls to clients after […]
David Ortiz’s 500th Home Run
Congratulations David Ortiz on becoming a member of Major League Baseball’s 500 home run club. From Boston.com: The 39-year-old slugger became the 27th player in MLB history to reach the mark with a pair of home runs in the Red Sox’s 10-4 win over the Rays at Tropicana Field on Saturday evening. After hitting the 499th longball of his career […]
VIDEO: SIG MCX: Exceeding the Standard
Pensions Headed for Trouble
Pensions are headed for trouble with their still-unrealistic expectations. More than two-thirds of state retirement systems have trimmed assumptions since 2008 as the financial crisis and an uneven U.S. recovery knocked many below their long-term goals, according to an analysis of 126 plans provided by the National Association of State Retirement Administrators. The average target […]
Hillary’s Support of a 25% Gun Tax
Back in 1993 Sen. Bill Bradley, D-NJ gained Hillary Clinton’s support for his idea of slapping stiff taxes on “purveyors of violence:” a 25 percent tax on guns and $2,500 license fees for gun dealers reported the AP. “Hillary’s 25 percent gun tax would discourage gun ownership and be a backdoor route to gun registration,” […]
Top 5 Loser States
You don’t want to be stuck in a loser state. In 2013 more than 200,000 people left states with Democrat governors for ones with Republicans according to Americans for Tax Reform. “People move away from high tax states to low tax states. Every tax refugee is sending a powerful message to politicians,” said ATR President […]
Obama’s Summer Vacation
For the second year in a row my family shared Martha’s Vineyard with the First Family. They didn’t seem to care that we were there, but I did see Marine One fly over our boat a few times. I wondered if the President was inside and if so, where he was going. I do know […]
S&P 500: Top 10 Stocks
You can try this one at home. Ask any investor you know how to calculate a company’s market cap and chances are you’ll be met with a blank stare. A company’s market cap is its shares outstanding multiplied by its stock price. It amazes me how such an influential calculation is overlooked and not understood. […]
Welcome Back “Big O”
Two-years ago Glenn Ordway was fired by Boston sports talk radio station WEEI. It was one of the worst decisions by the station. Now WEEI is bringing Glenn back and he promises there will be some surprises. After months of speculation and trial pairings with sundry partners, Glenn Ordway is back full-time at WEEI. The […]
Is Your State Welcoming Businesses?
The Tax Foundation’s great research shows businesses the best places in the country for setting up shop. A state with a failing grade should be a warning to local politicians that they’re doing something wrong when it comes to stimulating the job creators and entrepreneurs. First take a look at The Tax Foundation’s 2015 State […]
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