Picking Up Asia’s Fallen Dominoes
May 1, 1998The fall of the Asian market dominoes was the biggest investment story of 1997 and may have created the biggest opportunity of 1998. The challenge is to find a good way through opportunity’s window before it closes. At Palisades Hudson Asset Management, we think the countries that have the best infrastructure, the most skilled work forces and the most open political and economic systems will enjoy the quickest and strongest …
Should Fund Managers Be Expected To Outrun The Bulls?
May 1, 1998So the stock market barreled along to new records in the first quarter of the year. Big deal. You, the investor, want to know how your money manager performed. Did he beat the market? Should you expect him to? The very phrase “beat the market” implies that there is a competition. Most managers, I’d guess, are competitive folks. They do not like to admit that they come off second best …
Is This The Beginning Of The End?
May 1, 1998Here are some odds you can’t find in Las Vegas: There is a better-than-even chance, in my opinion, that U.S. estate and gift taxes will be repealed by the year 2010. Not just eased, as under last year’s tax law, but completely wiped out. The foundation for repeal has already been laid, partly by the 1997 legislation but more so by changes in the economy, by public attitudes toward wealth …
New Services Point Toward The Future
May 1, 1998This issue’s lead story about the future – or lack thereof – of the U.S. gift and estate tax illustrates our firm’s philosophy of financial planning: We do it today, but we live it tomorrow. Planning works best when we see our own goals in the larger context of the future. Our drive to confront tomorrow’s challenges is what led us to launch three major new service lines this year. …
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