Our New Year’s special on this week’s WEALTHTRACK Premium is all about giving and how philanthropy in America is changing. Many fear that the new fiscal cliff deal that Congress just passed (in the nick of time) might hurt charitable contributions in the future. Our guests this week have a mixed reaction to that notion. Doug Bauer is the Executive Director of the Clark Foundation, a fifth generation family foundation and one of the largest foundations in the country in terms of assets and grants. Jack Lund is the President and CEO of the Y.M.C.A. of Greater New York, the
With 2012 drawing to a close, we are taking a look back at this year’s five most popular episodes for this week’s WEALTHTRACK PREMIUM. Not surprisingly, our top five interviews include value investors such as the Yacktman Fund’s Don Yacktman, First Eagle Global’s Matt McLennan and a rare interview with Fairholme Fund’s Bruce Berkowitz. With market volatility and central bank moves dominating the headlines, it’s also no surprise that our discussion on risk with MIT professor Dr. Andrew Lo was the most popular interview in 2012, as well as a conversation with noted Fed watcher Paul McCulley. You’ll see why the views of some of our WEALTHTRACK regulars are still relevant!
The Tug of War Between Stocks and Bonds
Over the last year the wisdom of stock rejection and bond acceptance has been challenged by the markets. Stocks have had a remarkably good year. The S&P 500 is up double digits as are the NASDAQ, major European and emerging market indices. Meanwhile there is huge divergence in bond performance. Ten-year treasuries have lagged significantly. However other specific bond sectors such as high-yield bonds have delivered equity-like returns as have emerging market issues.
On this week’s WEALTHTRACK PREMIUM: minimizing your tax pain. Regardless of what happens with the “fiscal cliff”, the economy, markets or the deficit, you name it, you are looking at climbing tax rate over the next few years. Our guests this week are two pros who can help you plan ahead with a tax-efficiency plan. Christine Benz is Director of Personal Finance and Senior Columnist for Morningstar.com, where she gives sound advice on just about everything having to do with managing your finances. Our other guest is Robert Amodeo, Head of Municipals at Western Asset Management, who was named Municipal Manager of the Year by Institutional Investor Magazine in 2011. The taxman cometh, so you’d better be ready.
Investment Success Which Matters Most? Luck or Skill
Luck versus skill in investing! How much does each matter to investment success? Our guest this week, Financial Thought Leader Michael Mauboussin has written a new book on the topic. Titled The Success Equation: Untangling Skill and Luck In Business, Sports and Investing, its conclusions might surprise you.