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Showing posts from November, 2014

Moral / Business Quandary For A Money Manager

I manage money for a very wealthy individual who tried my services out for a small amount, based on a friend's recommendation last January. My mission for him, and all he cared about was that I beat the S+P 500, something he hasn't found any of his investment advisors had been able to do.   When I received the funds to invest for him (Jan 15), the S+P sat at 1838, and is currently up at 2063, or a very healthy 12.24% gain. I have invested his funds semi-conservatively from my perspective, until recently keeping much of it in cash, and am up almost 21% over that time, significantly beating the market averages. Now, here is the dilemma. I can sell all, take a the proverbial knee, run out the clock, and even if the S+P continues to rise, I'll have still beat the market by the time Jan 15, 2015 rolls around, and I'll likely get a substantial amount more to invest. Unfortunately, none of the gains made would be tax long term for my client. In fact, based on rather large …