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The United States has three sectors of the economy suffering
under regulatory red tape: financial services, energy and
now health care. I'm certain the financial services
regulations have caused more harm than good. The Sarbanes-Oxley Act of 2002 introduced complex and costly
regulations that make it more difficult for American
companies to compete globally. Passed after the Enron
scandal, it burdens all publicly traded companies with added
accounting tasks. One of the side effects of Sarbanes-Oxley has been to drive
companies to list on the Alternative Investment Market (AIM)
of the London stock exchange where they are not subject to
these regulations.
[click here to read more]
05/25
Virginia's Sales Tax Holiday: Hurricane and Emergency Preparedness Equipment.
05/27
Memorial Day
David John Marotta was interviewed for a recent "Investment News" article on combining the use of ETFs and Mutual Funds to balance each other out and reduce costs in an asset allocation.
Diversifying your asset allocation among investments with a
low correlation can and should reduce your portfolio's
volatility and boost your returns. But critics are claiming
this strategy is no longer valid. That's because they don't
understand the nature of what happened in 2008. Fickle followers of asset allocation point to the market
drop in the fourth quarter of 2008 as evidence that
diversification has been discredited. Every investment
philosophy and asset class moved downward at the same time. They point out that asset classes are more highly correlated
when stocks move down than when they move up.
[click here to read more]
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