Invisible Alpha Blog


Nov

25

2016
Tax Efficient Investing

Tax Efficient Investing

The impact of taxes on investing is often overlooked.  For investments outside of common retirement accounts (which are tax-deferred or tax-free), tax efficiency is hugely important.  Recently, Jeff Ptak (@syouth1), President and CIO of Morningstar Investment Services, explored this issue...

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Nov

07

2016
asset-based doctors

Asset-Based Colonoscopy Pricing

“The value a good financial advisor provides will usually far outweigh the cost of their service.” I agree with that statement.  Good advice can be invaluable.  However, in the finance industry, “value” is often used to defend excessive and illogical...

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Nov

04

2016
Compensation Paradox

The Compensation Paradox

Yesterday I met with a CPA whose client paid $65,000 in fees to his advisor last year.  Let that sink in for a bit. $65,000. That is a full-time salary.  This man obviously had a large portfolio (~$10 million) so...

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Oct

28

2016
The Thing About Being A Genius

The Thing About Being A Genius

I just finished reading When Genius Failed, the story about a huge hedge fund (Long-Term Capital Management) that blew up in the late 1990s after an incredibly profitable 4-year run.  Unsurprisingly, their methods were too good to be true and...

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Oct

21

2016
Spotting the Sucker

Spotting the Sucker

“Listen, here’s the thing. If you can’t spot the sucker in your first half-hour at the table, then you ARE the sucker.” -Mike McDermott I’ve heard some people say that investing in the stock market is no different than gambling....

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Oct

14

2016
Narrating Randomness

Narrating Randomness

Everything happens for a reason…right? If something can’t be explained, it bothers us. When dealing with financial markets, this is a dangerous feeling to have. With millions of investors and traders participating in a pricing game from all over the...

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Oct

07

2016
Game On

Game On

Earlier this week the Massachusetts SEC filed a complaint against Morgan Stanley alleging their use of sales contests to incentivize product sales were harmful to the public’s best interests. Employees could win valuable prizes by convincing their clients to borrow...

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Sep

26

2016
Will the Election Impact My Portfolio?

Will the Election Impact My Portfolio?

The 2016 election has been churning out headlines for the past year and is now only a few weeks away. If Donald Trump is elected, will global stock markets spiral out of control? If Hilary Clinton wins, will the economy...

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Sep

18

2016
The Invisible Alpha

The Invisible Alpha

The connection between Wall Street and Main Street is a quirky one.  For the most part, Wall Street serves Main Street well.  Investment banks, commercial banks and insurance companies match borrowers with lenders and keep the economy running.  However, this...

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