October 31, 2003 – Special Insert – 3Q Economic Review
IG20031031SpecialInsert.pdf
October 31, 2003 – Special Insert – 3Q Economic Review Read More »
Investigations into mutual fund misdeeds have multiplied since we addressed the issue in September. The funds we recommend have not been implicated nor do we expect that they will be. However, more than a dozen fund families that market conventional open-end mutual funds have now joined the list of alleged participants in improper trading practices.
Nov. 2003 – (Not So) Mutual Funds Read More »
We have long implored investors to do their best to ignore the hodgepodge of investment advice that saturates the modern media, and instead consider the scientific approach to investing. Below we outline the history of this science, which is rapidly gaining favor with both institutional and individual investors. In particular we hope our readers will
Dec. 2003 – Investing and the Science of Economics Read More »
President Bush has proposed legislation that would eliminate the taxation of dividend income for individual owners of common stocks. We do not recommend that investors take any action at this point in anticipation what Congress might approve. Many aspects of the proposal have already been altered. Whatever new law survives the legislative process will very
Jan. 2003 – Dividends and Taxes Read More »
The following item was sent to us by a friend. We could not determine its author, but we found it to be a wonderful depiction of the politics surrounding any proposed cuts in Federal income tax rates. Let’s put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for
Feb. 2003 – Tax Cut Logic Read More »
Much ado has been made of the return of the Federal deficit, mostly by those who deride tax cuts. Frequently heard is the argument that deficits represent an increase in demand for credit that in turn will increase interest rates, to the detriment of economic growth. While this argument is unsubstantiated, the outlook for long-term
Mar. 2003 – What to Make of Deficits Read More »
Several subscribers recently asked why we exclude Altria (formerly Philip Morris) from our 4-for-18 High-Yield Dow Strategy. Its current yield of almost eight percent makes Altria the highest yielding of the 30 Dow stocks and it has consistently ranked among the “top four” highest yielding issues since March 1993, soon after the company lost its
Apr. 2003 – What About Altria? Read More »
In late April regulators announced the final terms of a deal reached with ten Wall Street securities firms following a two-year investigation of analysts’ practices. If the intention was to restore faith in Wall Street, count us among those who consider the deal a failure. The market showed no immediate reaction; the major indexes hardly
May 2003 – Minding Wall Street Read More »
The recently signed Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) marks the third major tax-cut package passed by Congress in as many years. This most recent package will prove particularly beneficial to individual investors. However, the plan comes at the cost of additional complexity because some changes are retroactive and all are
Jun. 2003 – The New Tax Plan: What it Means to Investors Read More »