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Citigroup to Stop Selling Hedge Fund Investments

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New York (HedgeCo.Net) – Citigroup, INc. (Citi) has been restricted from selling hedge funds investments and private-equity funds to high net worth clients, the Wall Street Journal reports. Additionally, Citigroup, in July of this year, has also agreed to pay approximately $7 billion for its part in the financial crisis of 2008. Citigroup is accused of downplaying the risks of sub-prime mortgages when packaging them selling them to hedge funds, […]

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Talking to Children About Savings and Investments

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Talking To Children About Savings and Investments The Reproductive Habits of the Great American Greenback I recently gave each of my children a $100 bill. Then I said, “Do you think you can earn and save $100 each week, for 50 weeks every year, until you are 30 years old?” They said, “Yes, we can do that.” “Good, that means in 20 years you should have saved about $500,000! And […]

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Oh Behave Yourself…In the Stock Market

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Oh Behave Yourself… In the Stock Market Sir John Templeton once stated on the Louis Rukeyser Show ‘Wall Street Week,’ “I may not know which direction the next 1000 points in the Dow Jones Industrial Average will move, but I believe the next 10,000 points will move higher.” Market sentiment is often a contrary indicator. High levels of anxiety and volatility sometimes appear in close proximity to cyclical bottoms in […]

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The Thrill of the Flight

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THE THRILL OF THE FLIGHT BEGINS WITH THE THRILL OF FALLING By Richard Gayton, CEO & Founder, Lakeside Virtual Family Office Imagine the eagle chick being pushed out of the nest by its mother for the first time. The baby chick is probably terrified at first but finds its wings and begins to soar. Behavioral Financial theorists observe similar traits in most human investors. Most of us are terrified to […]

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Wealth Manager Announces the Opening of Virtual Family Office

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Richard Gayton, a long-time Wealth Manager, announces the opening of his new Lakeside Virtual Family Office in Toluca Lake, California. More than 112 media, on- and off-line publications, have published his announcement, including online giant Yahoo Finance. Here is their article. Longtime Wealth Manager Richard Gayton Announces the Opening of Lakeside Virtual Family Office, a Financial Concierge Firm for High Net Worth Individuals & Families LOS ANGELES, CA–(Marketwired – Jun […]

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How One Family Passed $6 Billion Fortune to Son to Avoid Tax

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Here is a great article from Bloomberg.com written by Caleb Melby which describes how the co-founders of medical-device maker Cook Group, passed ownership of the company to their son to avoid estate taxes prior to Bill Cook’s death in 2011. It’s a solid example of how effrective estate management can have huge benefits to a family. Bill and Gayle Cook, the co-founders of medical-device maker Cook Group, passed ownership of […]

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