Diversification by Speculation by Daniel Cross, ChFC There is a naughty word whispered occasionally among investors. It has been heard in homes, jobs, and golf courses across America and equally met with fear and derision. A cold shiver runs down the spine of many an investor that hears it spoken aloud. The word is: speculation. [...]
For years, administrators at Harvard University could throw money at anything that tickled their fancy. A new medical school building for $260 million? Sure. A massive, Robert A.M. Stern—designed addition to Harvard Law School? No problem. One of the most sweeping financial aid initiatives ever undertaken? Consider it done. Of course, that was before the [...]
By Andrew Sobel One of President Ronald Reagan’s favorite expressions, which he often used in his negotiations with the old Soviet Union, was “Trust—But Verify.” Today, that expression may very well need to be turned on its head. Since World War II, general levels of trust—in each other, in business, and in government institutions—have steadily [...]
More Than 167,000 Fans Flock to Target Facebook Page Helping Donate $3 Million to Ten Charities With over 77,000 Votes, St. Jude Children’s Research Hospital(R) Wins $797,123 MINNEAPOLIS, May 26 /PRNewswire/ — In just two short weeks, St. Jude Children’s Research Hospital(R) tallied 26.6% of total votes, coming in first winning $797,123 in the first-ever [...]
How much is the $100 million dollars in budget cuts compared to the federal budget as a whole? This video imagines the budget as $100 in pennies to provide the answer. For more on the budget, mathematics and political visualizations, follow me on Twitter: @PoliticalMath
By Chris Toomey When developing a succession plan for your business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest to family members, co-owners, employees, or an outside [...]
Triple witching hour is the last hour of the stock market trading on the third Friday of every March, June, September, and December. Those days mark the expiration of three kinds of securities – stock index futures, stock market index options and stock options.
The result often increases the
Paul Brest and Hal Harvey The global financial crisis is creating severe hardships for individuals and reducing government budgets for relief. The crisis has placed great stress on nonprofit organizations and reduced the assets of both philanthropists and foundations. How should grant makers respond? First, we need to stay focused on the commitments and long-term [...]
A new generation of philanthropists has come of age. Self-made, focused on accountability, and determined to be as successful giving their fortunes away as they were making them, these hands-on donors are forcing the United States’ 1.4 million not-for-profits (who receive around $260 billion in gifts each year) to take a long, hard look in [...]
By Alan Goldfarb Participation in qualified retirement plans, such as 401(k)s or some other form of a defined-contribution plan, has always been a mixed bag. Often, despite considerable efforts from companies, participation rates among rank-and-file workers fall well below expectations. When this happens, it obviously jeopardizes future retirement-living standards for those workers. A less obvious [...]