by Jay Beattey | Oct 15, 2014 | Articles, Retirement, Wall Street, Wealth Building
In one of the most famous scenes in movie history, Clint Eastwood’s legendary character – Dirty Harry – has caught up with his perp after a frenzied chase during which Harry Callahan had taken several shots and missed. Drawn down on his now cornered...
by Jay Beattey | Oct 10, 2014 | Articles, Retirement, Wall Street, Wealth Building
My last article talked about a research report showing that after deducting fees, expenses, and loads from mutual fund gains, the vast majority fail to outperform their benchmark index – meaning the unmanaged market often performs better than managed mutual funds. But...
by Jay Beattey | Sep 4, 2014 | Articles, Wall Street, Wealth Building
A recent S&P/Dow Jones Indices study came to the conclusion that those well-dressed, highly-compensated mutual fund managers (whom you and I are paying) – with all their research, glossy brochures, and inside access – aren’t all they’re cracked up to be. The...
by Jay Beattey | Aug 19, 2014 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Many people ask my opinion about the Roth IRA. My short answer is that they’re the second best deal out there – so I’m a pretty big fan. But the Roth has its limitations. Many people don’t qualify because of income and other limitations. My experience (and...
by Jay Beattey | Aug 8, 2014 | Articles, Retirement, Wealth Building
I’m struck by how many people are sucked into believing that tax-deferred accounts (401ks and the like) are better than after-tax accounts. News Flash: “there is no advantage to tax deferral.” Given a choice of investing $100 pre-tax, or its $70 after- tax equivalent...
by Jay Beattey | Jul 17, 2014 | Articles, Personal Finance, Wealth Building
Those who follow me know that I’m not the biggest fan of Wall Street for the simple reason that the rules of their game are biased in their favor – and against the average investor. So when I ran across a recent article – authored by a Wall Street muckity-muck – I...
