RECENT PROGRAMS

CHARITABLE GIVING HIT AN ALL-TIME HIGH.  HOW DO YOU MAXIMIZE YOUR PHILANTHROPY AND TAX DEDUCTIONS?

June 23, 2017

2017 is the 100th anniversary of the charitable deduction, but since the founding of the republic, Americans have been known for their generosity, a trait that continues to this day. Charitable giving reached a record $390 billion in 2016. What’s behind the surge? In the premiere episode of its 14th season, WEALTHTRACK focuses on strategies to maximizing charitable giving and what’s driving the record-breaking amounts.
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WHAT’S THE FORMULA FOR INVESTMENT LONGEVITY AND SUCCESS? JOHN ROGERS SHARES HIS MARKET BEATING APPROACH

June 16, 2017

Why a slow, steady and contrarian approach wins the investment race over the long haul with Ariel Fund’s Founder and Portfolio Manager John Rogers.

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INVESTMENT LESSONS

June 9, 2017
During Public Television’s pledge season, we are revisiting some popular recent programs. In this WEALTHTRACK exclusive, T. Rowe Price’s Brian Rogers shares the investment lessons learned over a three decade career running an award winning mutual fund and a decade managing the firm and its investment strategies. Near the top of the list are why humility is so important to successful investing and why over confidence is an investor’s greatest challenge. Watch the episode again here.

NEW THIS WEEK:

On Friday June 9th the much debated Fiduciary Rule will take partial effect. As The Wall Street Journal reported, despite President Trump’s calls for a re-evaluation, his Labor Secretary, Alexander Acosta gave the “heart of the rule- a best interest standard of care required of stewards of retirement savings” the green light although the rule remains open to review. Read the article here (requires WSJ Subscription).


Supporters of the fiduciary rule say that ensuring that financial advisers act as fiduciaries, putting the interests of their clients first and ahead of their own, is essential. They frequently cite a report put out in 2015 by the Council of Economic Advisers under the Obama Administration which estimated that conflicted investment advice costs Americans an estimated $17 billion a year in retirement savings. Since the fiduciary rule is now partially in effect, at least for the time being, we thought it was worth looking at the report again.

Download the report THE EFFECTS OF CONFLICTED INVESTMENT ADVICE ON RETIREMENT SAVINGS [.pdf]

MILLER – HEDGE FUND TIMING

June 2, 2017
As it’s pledge season on Public Television, we are revisiting a rare interview with legendary value investor Bill Miller. Where is this record setting, independent mutual fund manager investing now? Watch this episode again here.

NEW THIS WEEK: Bill Miller remains the only mutual fund manager in memory to beat the S&P 500 fifteen years in a row. He did it while he was managing Legg Mason Capital Management Value Trust from 1991-2005. After a couple of episodes of serious underperformance in 2006-2008 and 2010-2011 Miller left the fund and in 2016 left Legg Mason to launch his own independent investment advisory firm, Miller Value Partners.

He took his two remaining funds with him. His flagship, now named Miller Opportunity Trust, which he has run since 1999 was ranked the number one U.S. stock mutual fund in the five year period ending in 2016. He opened the Miller Income Opportunity Fund to the public in 2014 after managing it privately since 2009.

Despite all the headaches involved with running publicly owned and regulated mutual funds why did Miller go that route? And why did he also decide to open a hedge fund at a time when they are losing clients? We asked him.

HIGH RISK BOND MARKETS GIVE ACTIVE MANAGEMENT THE EDGE

May 26, 2017

The advantage of active management in bond investing with two top performing mutual fund managers from Thornburg Investment Management.
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