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The simple explanation is this means investing equal dollar amounts at specific intervals in your favorite stocks, ETFs, or mutualfunds. As a basic example, instead of investing $6,000 at a set point in the year in a S&P 500 index fund, maybe invest $500 in the same index fund at the beginning of each month.
From what I can see, RCL's share price has 6x since you recommended it, that first day in Stock Advisor, September 21, 2007. It was at 40 in 2007, when I recommended it. Those are simple round numbers because having picked up first at 40 in 2007, we can see with it around 240 today, it is up six times in value. Well said, Vince.
But if you go back to the early 2000s and right up to I think it's January 2007, for the first five or six years they had a terrible CEO named Bob Nardelli who came over from GE , he was going to bring the GE way and all he largely did, was he tried to basically reform a perfectly good company in his own image that was the GE way. "If
RITHOLTZ: So were you — in the early days, it was mutualfunds it was SMAs, what were you guys doing? I could do my own taxes. So it was Franklin, along with mutualfund pioneer Sir John Templeton. JOHNSON: Exactly, the tax… RITHOLTZ: The negative on a mutualfund is phantom taxes.
On April 15 of 2005, Tax Day 2005, Nvidia stock traded at $19.56 Now, I want to note four times over the past 20 years, the company split its stock, two for one in 2006, three for two in 2007, four for one in 2021, and 10 for one in 2024. By October 2007, the stock was making me look good as it tipped the scales at 120.
Collateralized loan obligations from the Great Recession of 2007-2009, part of it is what causes the booms and busts. You get a bust, like we saw, for example, in the housing crisis in 2007-2009. Robert Brokamp: In the book you provide some excellent model portfolio, some very detailed lists of mutualfunds, index funds, ETFs.
It was Tax Day, April 15th, 2005. By October 2007, so two years later it's gone from a buck 64 to 10. Now those of us who remember market history know 2007, things are probably peaking somewhere right around now. In October 2007 we're back. David Gardner: Let's do it. Settle down here by the campfire.
He also helped run some of their mutualfunds and helped put together their first ETF, and he has really quite an astonishing track record. The Quality fundmutualfund that GMO runs that symbol G-Q-E-T-X, it’s just crushed it over the past decade. a year, way over both. Really fascinating guy. No minimum.
At one point in time, Jack Bogle, founder of, of Vanguard was chairman of their mutualfunds. He is uniquely situated because he has run both public mutualfunds as well as privates, including late stage venture private equity credit down the list. Really interesting. Michael Carmen: 00:01:38 [Speaker Changed] Sure.
Independent Clinical Services, a company owned by Blackstone, was founded to have evaded £3 million in taxes in 2012 alone, the letter said. Schwarzman to come to Montreal, I'd personally ask him to donate $250 million to McGill University to fund the Charles Taylor Center for the Humanities. In 2007, Taylor won the $1.5M
So how do you then go from tax and audit practice to finance and investing? If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade. And what I found was it was just a phenomenal training ground for somebody who wants to then go on to invest, especially doing more micro-level analysis.
Are most people better off in an index fund than playing with an active manager, be it mutualfund or high fee hedge funds? SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. RITHOLTZ: 2007.
Not only did he stand up a research shop from a dorm room in college and started selling model portfolios to fund managers, but eventually created a suite of first mutualfunds. Prohibits you from showing a back test for a mutualfund or an ETF. And then ETFs really pioneering the concept of return stacking.
RITHOLTZ: So that’s really interesting because what I wrote down was tax efficiency is one of the drivers. DAMODARAN: If I can throw this out to my class, and the first thing they come up with is it more tax-efficient to do buybacks than dividends? DAMODARAN: Capital gains then were taxed with 28 percent. DAMODARAN: Right.
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