Veritasvino

"Goodbye to America," writes Swiss private bank Wegelin in a letter to investors. The bank is pulling out of the U.S. amid increased regulatory requirements for foreign banks.

Don't let the door hit you on the way out.

Is McQuade Now Pandit's Heir Apparent?

It's like rearranging deck chairs on the Titanic. Lots of activity, same result in the end

Gary Crittenden, chairman of Citi Holdings, is leaving Citigroup amid several key management changes.

Ah, now we just have to see the end of Pandit the bandit.

Madoff's Investors Don't Deserve Compensation or Sympathy

Maddoff had 0 turnover. Your statement that low turnover is associated with fraud is nonsensical,


On Jul 01 11:34 AM rdd wrote:

> Great column.
>
> Our portfolio is largely in retirement funds spread among several
> entities (IRAs, 401ks, 403bs etc.).
>
> Down the road, if we get an annuity for retirement, I plan on getting
> them from at least two providers to give a better chance of surviving
> a provider insolvency.
>
> I only started investing in ETFs late last year after the markets
> imploded because I wanted to see how they would function in a major
> downturn before investing in them instead of mututal funds (low expense
> ratios with long-term managers or index funds from major providers).
>
>
> These are the types of measures that ll investors should be doing
> to be able to address the Will Roger's comment "I am more concerned
> about the return OF my money than the return ON my money."
>
> I don't expect to ask the government for any assistance with this
> other than basic enforcement of the legal and accounting requirements
> for major brokerages and mutual fund providers. I look for funds
> with separate custodians from managers and major accounting firms
> doing audits. Most of my investments are in index funds which are
> very difficult to commit fraud in because of the low turnover.