Today marks the 27th anniversary of Rich’s career in the investment industry, beginning as a stock broker at the prestigious (but now extinct) firm of Kidder, Peabody & Co. You can learn a lot in 27 years, much of it the hard way. The most valuable trait one can acquire when working on Wall Street…
Brian Hackleman, Compliance Officer Attended a seminar sponsored by the U.S. Securities and Exchange Commission in Chicago, IL. This year’s seminar focused on the compliance deficiencies most frequently identified in examinations conducted during the past year. There was also a special session designed to address the compliance concerns of newly-registered investment advisers. BCWM has a good…
This past month Rich had the opportunity to attend the annual conference of the CFA Institute. This 4 day event, held in Vancouver, BC., included financial analysts from all over the world and venues for future conferences include Edinburgh & Singapore (with Orlando, Boston & Chicago thrown in as well). There are many hotels that…
First, the good news (our recent IC’s have been so negative, we wanted to start on a positive note). As this is being written: Oil is trading at $111 per barrel, down from $120 earlier in April. Gross Domestic Product increased in the first quarter 0.6%. Personal income increased 0.4% from February to March. Personal…
On January 12th, 2007, Bear Stearns stock price closed over $171 per share. On March the 11th, 2008, it closed just below $63 per share. On Sunday, March 16th, the Federal Reserve Bank assisted JP Morgan in organizing a “rescue” of Bear Stearns by purchasing shares of Bear Stearns at $2 per share. A week…
