Recent content by wcv56

Being light on bonds at this time may be a wise investment, you do realize interest rates are low and so are yields. Rebalance when interest rates rise to a more common of past history.

$ 1.5 Mil under 50 plus get rid of house and get out of N.J. I guess that would mean work a few more years and get 1.3 mil invested and sale house. Remember you will have to pay taxes on gains/dividends which will require drawing out of taxable account. You really don't want to start any draw...

I use the 330 days out of a 365 time frame for my filing. Using a foreign residence filing has other requirements than staying out 330 days a year which can be from Mar thru Jan. I believe as foreign resident filing you can actually be in the USA more than 35 days a year. You can still own...

He has helped me out chasing down K-1's and all as I am normally out of country. 2555 is used to report/file your overseas income. As I don't get taxed by the foreign countries I don't get into the credit for paying foreign country taxes if they have a treaty with U.S. I gave him power of...

I use an accountant who filed 15 years of taxes for me in 3 years without penalty. Terrible fights with IRS but he was right every time, IRS didn't know their own rules many times. The average cost is around $3K for each year, 65 pages is average I would say. Today the tax free amount is $91.5K...

Top Ten Hedge Funds make $28bn http://www.ft.com/cms/s/0/24193cbe-4433-11e0-931d-00144feab49a.html#axzz1G62Wwbwl If you’re curious as to just how well hedge funds perform for their clients then here is a recent article in the Financial Times Newspaper detailing the performance of the world’s...

ETF's are fine if you want to babysit them thru good and bad times or just let them go as you please, like the -37% loss in 2008. I think my fund managers are worth every penny they earn and high water mark keeps them enlightened to keep the returns positive. One waives the performance fees...

Beta .11 Sharpe ratio of my fund 1.08 S&P 500 .3556 U.S. markets total .40625 Higher the better. S&P 500 return from 2000 thru 2010 12% accumulative ( that is a hum dinger) mine is already stated. Mutual fund failure info website http://www.investopedia.com/articles/02/013002.asp

I pretty much keep cash that will last me a year or two but this down turn had me helping out about 5 people so cut me short. This is kind of the second time I retired since April 08. I can withdrawl from my funds with 90 day notice or work again. I played KOG and NOG last July/Aug with my money...

Oil/gas well partnerships are not hedge funds and same is required be an accredited investor. Many of them out there, getting into the right one is the key. They can provide long term income 15 to 20 years but carry larger non liquid risk. As I stated before the performance of my hedge funds...

I am invested in a oil/gas well partnership , is this to high risk also. We only have about 80 operational wells at this time and drilling more come summer. Maybe another Horizon huh, I guess I could rock to much in my rocking chair and tip over so I should stick to chairs with 4 legs only.

Mutual funds shut down because of poor performance as much as Hedge funds. Why put shackles on your money managers if they are so good. How is being able take advantage of market conditions like being all cash more risk than a mutual or bond fund. I use to use Ivy funds and a high wealth manager...

Nun I can understand your phobia of hedge funds and you get what you pay for. At least they do not get a life time pension for running a hedge fund for a couple years like Mutual and CEF's get ( I believe this is correct, read it in prospectus before, maybe it doesn't apply for all though). I...

Brewer I agree, never can be to safe. This guy has 700K to do something with, for me that is allot more than safe money unless he has a few mil already in the markets. He should look up David Einhorn, Jon Paulson and Jim Rogers just to get an idea of hedge funds. I think their Biography should...

Each state has a board for CPA's that can be contacted to check for good standing of the persons and firm. Both funds I am in have been in high visibility TV CNBC and FOX Business. I know it is a dog eat dog world out there so DD is a must. I did have acces to my accountant who helped checking...