Do Julian Robertsons Tiger Cubs Have Alpha? Julian Robertson is a hedge fund legend. He stopped managing money for his clients more than 10 years ago, but he is still widely followed in the media and his comments attract a lot of attention. His stellar track record is to credit. Julian Robertson returned 31.7% per year after fees between 1980 and 1998, beating S&P 500’s 12.7% annual return by a huge margin. Robertson is also a legend because the people who used to work for him went on to build their own stellar track records. Comparing raw return numbers may give you an idea about a hedge fund’s performance but you need to do an in-depth analysis to see the source of a hedge fund’s returns. We calculated Tiger cubs’ alpha for the entire 9 year period, for the first 6 years and the last 3 years using Carhart’s four factor model. The tiger cubs’ alpha was 146 basis points per month between 2000 and 2005. Tiger cubs’ alpha was 39 basis points per month between 2006 an 2008. John Griffin - Blue Ridge Capital Lee Ainslie - Maverick
Value Line - The Most Trusted Name in Investment Research Investing Basics | Learn to Invest Money | How to Invest The World's Greatest Investing Community Welcome! Help Join Now or Login The Motley Fool <div class="column span-25"><p><img src="//g.foolcdn.com/img/noscript_warning.gif" alt="" /><strong>Hey, Fool!</strong> Looks like you have Javascript disabled. Investing 101 Why Should I Invest? It's a must if you want to reach your financial goals. More Investing 101 How Do I Invest? First, get your finances in order, and then pick a strategy that's right for you. What Should I Invest In? Stocks, bonds, CDs, mutual funds -- here's the scoop on all of them. When's the Right Time to Invest? There's no time like right now. Getting Started 13 Steps to Investing Learn what it takes to invest like a Fool. How to Value Stocks More advanced lessons on company financials and valuation methods. Your First Stock Take the next step to becoming an expert investor. Find the Right Broker You need a good one. Steady Growth General Investing Knowing what you're buying is a better way to invest. Income & Dividends Value Stocks
Wallstreet Survivor How Do I Invest? | Beginning Investing By Motley Fool Staff | More Articles Once you've figured out why you should invest, the next step is learning how. We'll break that question into two parts. First, we'll talk about how you can structure your financial life to make it possible to invest. What is investing? Investing money involves putting that money into some form of "security" -- a fancy word for anything that is "secured" by other assets. As with anything else, there are many different approaches to investing -- some of which you've probably seen on late-night TV. We suggest you take the $25 you'd spend on the hardcover EZ Secrets to Untold Billions book and the $500 you would shell out for the EZ Seminar, and invest it yourself -- after you've learned the basics here. First, douse your debtAfter learning why investing is a smart thing to do, you're probably itching to take the next step. Every dollar you can put toward investing will work for you. Don't hesitate to be flexible about your savings. Where are you going?
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Top 5 Free Investment Sites There are tons of sites available for stock traders and investors alike, but most sites come with a hefty price tag. This list is of the top 5 best investment websites available to you for free: Yahoo Finance Yahoo Finance is an outstanding resource for all information across the stock market. What makes Yahoo Finance number one as an investment tool is not the quotes or charting though, but the investment research available to you. Investopedia.com When it comes to free stock education, investopedia.com has established themselves as the #1 player. What I love about investopedia and sits them second highest on this list is their ability to have an explanation for literally anything Wall Street, money, or investing related. StockCharts.com Stockcharts.com is a fantastic resource for attaining stock charts on any given stock, which makes conducting technical analysis pretty darn easy. MarketWatch.com What else can I say about marketwatch.com other than the site is simply amazing?
Top 5 Investment Sites | New Rules of Investing Yahoo Finance is the 800 lb gorilla in best investment sites. Yahoo essentially democratized financial information. While not the first to do so, Yahoo made it easy for investors to study companies’ balance sheets and income statements. As Reg FD leveled the investing playing field by prohibiting selective disclosures, new sites have arisen that provide tremendous value in the research process. These best investment sites, when used properly, can mean the difference between profit and loss and between big gains and little gains. **Recommended: In my new book, I write about many of these sites and how investors can leverage them to make better, more informed — and accurate — investment decisions. 1. Expert Communities are comprised of groups of people used to conduct professional research. Top Sites: Covestor, Wealthfront 2. Created by a professional investor and analyst, James Altucher, this site follows portfolio moves of mutual fund and hedge fund managers. 3. Top Sites: Seeking Alpha 4.
The Best Online Tools for Personal Finance SmartMoney Return on Assets Stock Picking Metric Video The return on assets ratio is a metric that can be used to pick stocks. Here's a video from About.com that explains how return on assets, or ROA, can be used to pick stocks.See Transcript Hi, I'm Brad Meehan, and today I'm going to talk to you about the return on assets, stock picking metric on About.com. Definition of Return on Assets The return on assets, or ROA, stock picking metric is something that investors use to pick a stock before investing in it. Equation to Calculate Return on Assets In order to calculate the ROA, a person must calculate the Net Profit Margin times the Asset Turnover to equal the Return on Assets. Second ROA Equation So to find the ROA, net income after taxes divided by revenue times total revenue divided by average assets for a period, equals ROA. Example of Using Return on Assets to Pick Stocks I've been asked what the magic number is, at what point do you know that a company is a wise investment; unfortunately, it doesn't quite work like that.
Coverdell Account The special rules that apply here are favorable in some ways and unfavorable in other ways. The tax law provides somewhat unusual treatment under the estate and gift tax for both Coverdell accounts and 529 plan accounts. On the whole these rules are favorable, but they have unfavorable aspects. Contributions A contribution to a Coverdell account is treated as a completed gift of a present interest. However, a contribution to a Coverdell account does not count as a tuition payment that can be excluded from gift tax treatment. Withdrawals Given that you're making a gift when you put money into a Coverdell account, you would expect to find that you're not making a gift when you take money out. Change in Beneficiary When you change the beneficiary of a Coverdell account you're changing the owner. Treat the beneficiary's spouse as being in the same generation as the beneficiary, no matter what the difference in ages. Gift Greater than the Annual Exclusion Amount Estate Tax
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