Aired 10/24/09
ETFguide is the information leader on exchange-traded funds because of its vendor neutral approach and its progressive reporting style. Unique features include an ETF bookstore, a monthly e-mail newsletter, and subscription based ETF portfolios. ETFguide is independently owned and began publishing in 2003. The site reaches an affluent audience of individual investors, financial advisors, and financial institutions that invest and work with ETFs.
http://www.etfguide.com
Interview: Peter Crane, President of Crane Data LLC.
Aired 10/17/09
Crane Data collects and distributes money market and mutual fund news, information. and data.
Crane Data's main offerings, from Web Access through Wisdom, offer increasing service levels. A license at any level gives access to everything included in all offerings up to that level.
http://www.cranedata.us
Interview: Kaye A. Thomas, Author -"Go Roth"
Aired 10/10/09
The world of tax-free retirement savings is open to more people than ever, as employers add Roth accounts to 401k and 403b plans and Congress relaxes restrictions on Roth IRAs. This book explains how you can use Roth accounts to build and preserve retirement wealth.
Go Roth! is written in plain language so anyone with an interest in retirement savings will understand the clear explanations. It starts at the beginning, including such topics as how to start a Roth IRA, and covers basics of how to invest a retirement account.
The book provides thorough coverage of all the important rules and strategies, however, making it suitable for use as a reference by financial advisers or other professionals dealing with these kinds of accounts.
http://www.fairmark.com/books/roth-new.htm
Interview: Erin Arvedlund, Author
Aired 10/03/09
Despite all the headlines about Bernard Madoff, who pleaded guilty to running a $65 billion Ponzi scheme, he is still shrouded in mystery. Why (and when) did he turn his legitimate business into a massive fraud? How did he fool so many smart investors for so long? Who among his family and employees knew the truth?
Erin Arvedlund tackles the tough questions that are still unanswered in the wake of Madoff's collapse.
Erin Arvedlund is an investigative journalist who has written for Barron's, The Wall Street Journal, The New York Times, TheStreet.com, and Portfolio.com. In 2001, she wrote the first skeptical article about Bernard Madoff for a major publication. This is her first book.
Interview: Mike Alfred, CEO of BrightScope.com
Aired 09/26/09
BrightScopeTM, Inc. is an independent provider of 401k ratings and financial intelligence to plan sponsors, advisers, and participants in all 50 states. Our mission is to increase the retirement security of America's workforce by bringing transparency and efficiency to the 401k plan market. We maintain a comprehensive database of information on the 401k plan market and add additional value and insight by quantitatively rating each 401k plan across critical metrics. BrightScopeTM empowers plan sponsors to quickly and accurately determine the optimal structure for their 401k plan and choose the providers that provide the most value for the fees they charge. BrightScope is the only 401k analysts firm that is truly independent and does not accept compensation in the form of revenue sharing from mutual fund companies or plan providers. BrightScope is aligned with plan sponsors and seeks to avoid conflicts that will jeopardize its ability to give its clients unbiased advice.
Interview: Daniel D. O’Neill, President of Direxion Shares
Aired 09/19/09
Daniel D. O’Neill is the President and Chief Investment Officer at Direxion Shares. Dan is responsible for all investment management and trading operations at the firm. Direxion Shares are 20 short and leveraged ETFs with around $4.5 billion in assets. Dan joined Direxion in 1999 and plays a leading role in the development and launch of new products. Dan earned a J.D. from the University of Virginia School of Law, where he served on the editorial board for Virginia Law Review. He holds a BA in English and Economics from the University of Virginia in Charlottesville, where he was a Jefferson Scholar.
Learnmore about short and leveraged ETF's at
www.DirexionShares.com
Interview: Ron Ryan, CEO, Ryan ALM
Aired 09/12/09
The Ryan Index was the 1st Daily Bond Index created in March 1983. The Ryan Index is the Treasury yield curve as an index for every Auction maturity. It is the most accurate Treasury Index as data starts from Auction Date not Settlement Date. Ryan ALM, Inc. was founded by Ronald J. Ryan on July 12, 2004. Ryan ALM is unique as an Asset Manager being totally focused on Asset/Liability Management (ALM).
http://www.ryanalm.com
Interview: John Williams, Shadow Government Statistics
Aired 09/05/09
"John Williams' Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype.
http://www.shadowstats.com/
Interview: Fran Kinniry, Senior member of Vanguard's Investment Strategy Group
Aired 08/29/09
Fran Kinniry is a principal of Vanguard and a senior member of Vanguard's Investment Strategy Group. Mr. Kinniry and his team are responsible for ongoing capital market research, portfolio design, development and implementation of customized investment solutions, investment market
commentary, and research. The group publishes Vanguard's proprietary research on a variety of investment, economic, and portfolio management issues.
Interview: Tom Graves, Standard & Poor's equity analyst
Aired 08/22/09
Standard & Poor's Equity Research Services led The Wall Street Journal's 2009 "Best on the Street" annual survey of top ranking analysts, with 20 equity analysts winning in 23 different industry categories. S&P Equity Research had eight analysts rated number one in their categories, more than any other firm in the survey.
http://www2.standardandpoors.com
Interview: Russell Wild, Journalist/Author
Aired 08/15/09
Russell Wild is the author or co-author of nearly two dozen nonfiction books, including most recently, One Year to An Organized Financial Life (Da Capo, 2010, co-authored with professional organizer Regina Leeds), Index Investing for Dummies (Wiley, 2009), Bond Investing for Dummies (Wiley, 2007), Exchange-Traded Funds For Dummies (Wiley, 2006) and The Unofficial Guide to Getting a Divorce (Wiley, 2005; co-authored with ex-wife attorney Susan Ellis Wild).
Wild is also a prolific magazine writer with more than 300 articles in major national magazines, including AARP The Magazine; AARP Bulletin; Consumer Reports, Details, The Huffington Post, Kiplinger’s, Maxim, Men's Journal, Health, Cosmopolitan, Real Simple, and The Saturday Evening Post. Wild's books and magazine articles have been reprinted or excerpted in Reader's Digest (on several occasions), Men's Health, New Woman, and in countless newspapers and websites. Most of his articles for consumer magazines have offered snappy, practical advice on personal finance, especially investing. He also contributes regularly to professional financial journals, such as Financial Planning, Financial Advisor, The NAPFA Advisor, and Wealth Manager, and on occasion to custom publications, such as investor newsletters for Fidelity and Charles Schwab.
Prior to becoming a fulltime freelance writer, Wild was a senior editor in the book division of Rodale Press, and the founding editor of Men's Health Books. Way back when, he worked as a credit analyst at a large bank. In college, he studied economics, graduated magna cum laude, and went on to get a master's degree in business administration (MBA) in international management. In addition to his work as a writer and author, Wild is also a fee-only financial planner and investment advisor registered with the Pennsylvania Securities Commission. He is a long-standing member and immediate past president of the American Society of Journalists and Authors (ASJA), as well as a member of the National Association of Personal Financial Advisors (NAPFA).
http://www.russellwild.com/books.html
Interview: Brad Case, VP of Research at the National Association of Real Estate Investment Trusts
Aired 08/08/09
Brad Case, VP of Research at the National Association of Real Estate Investment Trusts. Despite the worst economic recession of our generation, U.S. REITs (NYSEArca: VNQ) and international real estate stocks (NYSEArca: RWX) are posting year-to-date gains. What are REITs? How
do they work and what are their advantages? What segments of the commercial real estate market will fair the best? The worst? Listen, learn
and profit.
***
NOTE: Russ Wild was scheduled as the guest, but due to last minute programming emergency there was a change. Russ is scheduled for next week.
Interview: Simon Maierhofer, ETF GUIDE.COM co-founder
Aired 08/01/09
ETFguide is the information leader on exchange-traded funds because of its vendor neutral approach and its progressive reporting style. Unique features include an ETF bookstore, a monthly e-mail newsletter, and subscription based ETF portfolios. ETFguide is independently owned and began publishing in 2003. The site reaches an affluent audience of individual investors, financial advisors, and financial institutions that invest and work with ETFs. http://www.etfguide.com
Interview: Dan Dolan, Select Sector SPDRs
Aired 07/25/09
Select Sector SPDRs are unique ETFs that divide the S&P 500 into nine sector index funds. So now you can customize your investments by picking and weighting these sectors to meet your specific investment goals. Select Sector SPDRs have the diversity of a mutual fund, the focus of a sector fund, and the tradability of a stock. You can buy or sell Select Sector SPDR shares on the American Stock Exchange throughout the trading day. Together, the nine Select Sector SPDRs represent the S&P 500 as a whole. However, each Select Sector SPDR can also be bought individually, providing you with undiluted exposure to a particular sector or industry group. Select Sector SPDRs let you achieve the security of investing in the well-known, large cap stocks of the S&P 500, with the ability to over-weight or under-weight particular sectors based on your own investment goals and strategies.
Interview: JONATHAN CLEMENTS, Author and Columnist
Aired 07/18/09
JONATHAN CLEMENTS is Director of Financial Guidance for Citi Personal Wealth Management. Before joining Citi in April 2008, Jonathan spent 18 years at The Wall Street Journal, where he was the newspaper's award-winning personal-finance columnist. Between October 1994 and April 2008, he wrote 1,009 "Getting Going" columns for the Journal and for The Wall Street Journal Sunday, a special section carried in some 70 newspapers around the country.
Prior to joining the Journal in January 1990, he covered mutual funds for Forbes magazine. Jonathan has written four books and contributed to two others. His latest is The Little Book of Main Street Money: 21 Simple Truths that Help Real People Make Real Money, published by John Wiley & Sons in 2009. He has appeared on ABC's Good Morning America, CNBC, CNN, Fox News Channel, MSNBC, NBC's Today Show and Consuelo Mack WealthTrack, and is an occasional guest on public radio.
http://www.jonathanclements.com
Interview: Tom Anderson, CFA Vice President, State Street Global Advisors
Aired 07/11/09 Tom is a Vice President of State Street Global Advisors and Head of the Strategy and Research Group for the Intermediary Business Group. He is responsible for developing research content for the ETF marketplace, as well as developing and maintaining key relationships within the research, investment and intermediary communities. State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT) State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class,investment approach and style. For more information, visit State Street Global Advisors at www.ssga.com or http://statestreetspdrs.com
Interview: Karen Risi, Principal of Vanguard's Financial Planning Group
Aired 07/04/09
Karen Risi, Principal of Vanguard's Financial Planning Group. She gives financial planning and tax saving tips on IRA distributions, dividend income and ROTH 401(k) plans.
Special replay: Peter L. Bernstien, Author and Economist
Aired 06/27/09
Peter Lewyn Bernstein (January 22, 1919 – June 5, 2009) was an American financial historian, economist and educator whose development and refinement of the efficient market theory made him one of the country's best known authorities in popularizing and presenting investment economics to the general public.
Bernstein was the author of ten books in economics and finance as well as countless articles in professional journals such as Harvard Business Review, Financial Analysts Journal and, in the popular press, The New York Times, The Wall Street Journal, Worth magazine and Bloomberg, among others, and has contributed to collections of articles published by Perseus and FT Mastering, among others.
Against The Gods: The Remarkable Story of Risk, was published by John Wiley & Sons in September 1996 and won the Edwin G. Booz Prize for the most insightful, innovative management book published in 1996. In 1998, it was awarded the Clarence Arthur Kelp/Elizur Wright Memorial Award from The American Risk and Insurance Association (ARIA) as an outstanding original contribution to the literature of risk and insurance. The book has sold over 500,000 copies worldwide.
In 1992 Capital Ideas: The Improbable Origins of Modern Wall Street was published by The Free Press in Canada and Maxwell Macmillan Internationaland in USA since become a worldwide guide to modern investment theories and practices. Capital Ideas Evolving, the follow-up to this seminal work, was published in May 2007 by John Wiley and Sons.
Streetwise: The Best of The Journal of Portfolio Management, edited by Peter L. Bernstein and Frank J. Fabozzi, was published in 1997 by Princeton University Press:
Earlier books include A Primer on Money, Banking and Gold (Random House 1965), as well as Economist on Wall Street (Macmillan 1970), and The Price of Prosperity (Doubleday, 1962), in addition to two books on government finance co-authored with Robert Heilbroner.
Bernstein’s other books are The Power of Gold: The History of an Obsession, published in the fall of 2000 by John Wiley and Sons, Wedding of the Waters: The Erie Canal and the Making of a Great Nation, published in 2005 by W.W. Norton & Co.
(Aired 07/26/08 Peter Bernstein)
Interview: Teresa Ghilarducci, Professor and Author
Aired 06/20/09
Teresa Ghilarducci, after having taught economics for twenty-five years at the University of Notre Dame, now holds the Irene and Bernard L. Schwartz Chair of Economic Policy Analysis at the New School for Social Research. She is also the 2006-2008 Wurf Fellow at Harvard Law School. Her books include Labor's Capital: The Economics and Politics of Private Pensions.
Her new book When I'm Sixty-Four, Teresa Ghilarducci, the nation's leading authority on the economics of retirement, explains how to confront this crisis head-on, revealing the causes behind the increasingly precarious economics of old age in America and proposing a bold plan to guarantee retirement security for every working citizen.
Retirement is one of the hallmarks of a prosperous, civilized market economy. Yet in America today Social Security is on the ropes. Government and employers are dismantling pension security, forcing older people to work longer. The federal government spends billions in exemptions for 401(k)s and other voluntary retirement accounts, yet retirement savings for most workers is falling. Ghilarducci takes an unflinching look at the eroding economic structure of retirement in America--and what she finds is alarming. She exposes the failures of pension regulators and the false hopes of privatized Social Security. She tells the ugly truth about risky 401(k) plans, do-it-yourself retirement schemes, and companies like Enron that have left employees without any retirement savings. Ghilarducci puts forward a sweeping plan to revive the retirement-income system, a plan that will ensure that, after forty years of work, every American will receive 70 percent of their preretirement earnings, guaranteed for life. No other book makes such a persuasive case for overhauling the pension and Social Security system in order to provide older Americans with the financial stability they have earned and deserve.
http://press.princeton.edu/titles/8608.html
Interview: Larry Goldbrum, General Counsel of SPARK Institute, a financial services trade group
Aired 06/12/06
Larry Goldbrum, General Counsel of SPARK Institute, a financial services trade group.
From the viewpoint of Ron DeLegge, Host of the Index Investing Show, the SPARK Institute is defending the 401(k) status quo.
How can they say everything is fine when $2 trillion of retirement money is gone? The 401(k) system needs: 1) Low-cost index funds and index ETFs as mandatory investment choices; 2) A more diversified range of investment choices that include commodities, gold, and international bonds; 3) and meaningful reform/improvements of target-dated retirement funds.
Interview: Jane Bryant Quinn, Author
Aired 06/06/09
Jane Bryant Quinn is a contributing editor for Newsweek, where she writes a monthly column. She also writes a bimonthly column for Bloomberg.com.
Her twice-weekly, syndicated Washington Post Writers Group column, “Staying Ahead”, ran for 27 years in over 250 newspapers and is considered one of the most successful newspaper columns. Quinn was co-founder, editor and general manager of McGraw-Hill's "Personal Finance Letter." She was a reporter, then a co-editor of the consumer publication, "The Insider's Newsletter," formerly published by Look magazine. For ten years, she worked for CBS News, first on "The CBS Morning News", then on "The Evening News with Dan Rather." She has been a regular on ABC's "The Home Show" as well as a guest on "Good Morning America, "Nightline" and many other programs.
She has also written personal finance columns for Woman's Day and Good Housekeeping. She hosted the PBS program on personal finance, "Take Charge" and co-hosted an investment series "Beyond Wall Street", also on PBS.
She helped develop the top-selling software program "Quicken Financial Planner", a personalized guide to saving and investing for college and retirement.
She has served on the boards of the Harvard School of Public Health, the Jerome Levy Economics Institute of Bard College and her alma mater, Middlebury College. She is currently a director of Bloomberg L.P., the financial services company, and of GSE Systems, Inc. The World Almanac named her one of the 25 most influential and powerful women in America.
Interview: Louis S. Harvey - President of DALBAR
Aired 05/30/09
Louis S. Harvey is president of DALBAR a Boston,MA-based financial services and mutual fund research firm. With 36 years in the financial services business, Mr. Harvey has been an innovator and developer of measurements of customer behavior.
http://www.Dalbar.com
Interview: Russell Wild, MBA and Author
Aired 05/23/09
Russell Wild, MBA, an expert on index investing, is a fee-only financial planner and investment advisor and the principal of Global Portfolios. He is the author of "Index Investing For Dummies." Recommended by finance experts and used extensively by institutional investors, index funds and exchange-traded funds (ETFs) provide unmanaged, diversified exposure to a variety of asset classes. Index Investing For Dummies shows active investors how to add index investments to their portfolios and make the most of their money, while protecting their assets. It features plain-English information on the different types of index funds and their advantage over other funds, getting started in index investing, using index funds for asset allocation, understanding returns and risk, diversifying among fund holdings, and applying winning strategies for maximum profit.
www.globalportfolios.net
Interview: Daniel D. O’Neill, President of Direxion Shares
Daniel D. O’Neill is the President and Chief Investment Officer at Direxion Shares. Dan is responsible for all investment management and trading operations at the firm. Direxion Shares are 20 short and leveraged ETFs with around $4.5 billion in assets. Dan joined Direxion in 1999 and
plays a leading role in the development and launch of new products. Dan earned a J.D. from the University of Virginia School of Law, where he served on the editorial board for Virginia Law Review. He holds a BA in English and Economics from the University of Virginia in Charlottesville, where he was a Jefferson Scholar.
Please visit DirexionShares.com to learnmore about short and leveraged ETFs.
Interview: Richard A. Ferri, CFA CEO and Author
Aired 05/02/09
Benchmark Financial Services, Inc., specializes in investigations of pension fraud, money management abuses and wrongdoing involving securities brokerages and pension investment consultants. Benchmark Financial frequently focus upon illegal or unethical business practices that are commonplace in the securities brokerage, asset management and consulting industries, as well as hidden or poorly disclosed financial arrangements between vendors to pensions. Based in Ocean Ridge, Florida, Benchmark was founded in 1999 by Edward Siedle. Mr. Siedle is a federal securities attorney, investment banker, brokerage entrepreneur and writer, who has been referred to by the Press as the, "Sam Spade of money management" and "the nation's most vocal critic of abuses in the money management industry." Groundbreaking investigations undertaken by Siedle have included mutual fund portfolio manager illegal personal trading schemes, unethical pension consultant kick-back arrangements, illegal “soft dollar” programs, as well as hedge fund and venture capital fraud.
http://www.benchmarkalert.com/home.html
Interview: Simon Maierhofer, ETF GUIDE.COM co-founder
Aired 04/25/09 (Live Remote from Del Mar Race Track)
ETFguide is the information leader on exchange-traded funds because of its vendor neutral approach and its progressive reporting style. Unique features include an ETF bookstore, a monthly e-mail newsletter, and subscription based ETF portfolios. ETFguide is independently owned and began publishing in 2003. The site reaches an affluent audience of individual investors, financial advisors, and financial institutions that invest and work with ETFs. http://www.etfguide.com
Interview: Ron Ryan, CEO, Ryan ALM
Aired 04/18/09
The Ryan Index was the 1st Daily Bond Index created in March 1983. The Ryan Index is the Treasury yield curve as an index for every Auction maturity. It is the most accurate Treasury Index as data starts from Auction Date not Settlement Date.
Ryan ALM, Inc. was founded by Ronald J. Ryan on July 12, 2004. Ryan ALM is unique as an Asset Manager being totally focused on Asset/Liability Management (ALM).
http://www.ryanalm.com
Interview: Dan Dolan, Select Sector SPDRs
Aired 04/11/09
Select Sector SPDRs are unique ETFs that divide the S&P 500 into nine sector index funds. So now you can customize your investments by picking and weighting these sectors to meet your specific investment goals. Select Sector SPDRs have the diversity of a mutual fund, the focus of a sector fund, and the tradability of a stock. You can buy or sell Select Sector SPDR shares on the American Stock Exchange throughout the trading day. Together, the nine Select Sector SPDRs represent the S&P 500 as a whole. However, each Select Sector SPDR can also be bought individually, providing you with undiluted exposure to a particular sector or industry group. Select Sector SPDRs let you achieve the security of investing in the well-known, large cap stocks of the S&P 500, with the ability to over-weight or under-weight particular sectors based on your own investment goals and strategies.
Interview: Leland B. Hevner, Author and President of the National Association of Online Investors
Aired 04/04/09
To achieve long-term success in today's market, you can't place your faith totally in financial "experts" who are far too often salespeople first and objective advisers second. You must take personal control of your hard-earned savings and build a portfolio that gives you a realistic chance of earning returns that enable you to meet the investing goals you really want to achieve in life.
That's why Leland Hevner—President of the National Association of Online Investors (naoi.org) and a longtime educator in the financial field—is the author of "The Perfect Portfolio: A Revolutionary Approach to Personal Investing." This reliable resource outlines Hevner's proven investment approach, known as the Perfect Portfolio Methodology (PPM), and shows you how to use it to thrive in today's challenging market conditions.
Interview: Tom Anderson, CFA Vice President, State Street Global Advisors
Aired 03/28/09
Tom is a Vice President of State Street Global Advisors and Head of the Strategy and Research Group for the Intermediary Business Group. He is responsible for developing research content for the ETF marketplace, as well as developing and maintaining key relationships within the research, investment and intermediary communities. State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT) State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class,investment approach and style.
For more information, visit State Street Global Advisors at www.ssga.com or http://statestreetspdrs.com
Interview: Allan S. Roth, Author
Aired 03/21/09
In "How a Second Grader Beats Wall Street," you'll follow the story of Kevin Roth—an eight-year-old who was schooled in simple approaches to sound investing by his father, seasoned financial planner Allan Roth—and discover exactly how simple it can be to become a successful investor. Page by page, you'll learn how to create a portfolio with the widest diversification and lowest costs; one that can move up your financial freedom by a decade and dramatically increase your spending rate during retirement. And all this can be accomplished by using some commonsense techniques.
Along the way, Kevin and his dad discuss fresh new approaches to investing, and detail some tried-and-true but lesser-known approaches. They also take the time to debunk the financial myths and legends that many of us accept as true and show you what it really takes to build long-term wealth with less risk. You'll also learn how not to confuse the unlikely with the impossible.
Interview: Darwin Abrahamson, Founder & CEO, Invest n Retire
Aired 03/15/09
Since 1982 Darwin Abrahamson has worked with fiduciaries and pension administrators of qualified plans. Darwin founded Invest n Retire‚ LLC (INR) in 2000.
In October 2004‚ INR filed an application with the U.S. Patent and Trademark Office for its uniquely designed system and methodology for managing tax-deferred retirement plans.
Darwin has published articles in several financial publications with his articles syndicated by Universal Press Syndicate. In 1989‚ Darwin wrote an article for Financial Planning Magazine which discussed an alternative tax-deferred method high-income professionals could employ to increase their retirement savings. In 2005‚ Darwin wrote an article‚ Avoiding Redemption Fees in 401(k) Plans‚ for Financial Advisors Magazine.
http://www.investnretire.com
Interview: Alicia H. Munnell, Director of Center for Retirement Research at Boston College
Aired 03/07/09
Alicia H. Munnell is the Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management. She also serves as the Director of the Center for Retirement Research at Boston College.
Before joining Boston College in 1997, Alicia Munnell was a Member of the President's Council of Economic Advisers (1995-1997) and Assistant Secretary of the Treasury for Economic Policy (1993-1995). Previously, she spent 20 years at the Federal Reserve Bank of Boston (1973-1993), where she became Senior Vice President and Director of Research in 1984. She has published many articles, authored numerous books, and edited several volumes on tax policy, Social Security, public and private pensions, and productivity.
Alicia Munnell was co-founder and first President of the National Academy of Social Insurance and is currently a member of the American Academy of Arts and Sciences, the Institute of Medicine, and the Pension Research Council at Wharton. She is a member of the Board of The Century Foundation, the National Bureau of Economic Research, and the Pension Rights Center. And she was awarded the 2007 International INA Prize for Insurance Sciences by the Italian Accademia Nazionale dei Lincei in Rome.
Alicia Munnell earned her B.A. from Wellesley College, an M.A. from Boston University, and her Ph.D. from Harvard University.
Interview: John Williams, Private Consulting Economist
Aired 02/28/09
Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.
"John Williams' Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype.
http://www.shadowstats.com/
Interview: William F. Sharpe, Professor of Finance, Author and Nobel Prize Winner
Aired 02/21/09
William F. Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business. He joined the Stanford faculty in 1970, having previously taught at the University of Washington and the University of California at Irvine. In 1996, he co-founded Financial Engines, a firm that provides investment management and advice for individuals in employer-sponsored retirement plans. He currently serves on its board.
He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the style and performance of investment funds.
Dr. Sharpe has published articles in a number of professional journals, including Management Science, The Journal of Business, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, The Journal of Portfolio Management, and The Financial Analysts' Journal.
He has also written seven books, including Portfolio Theory and Capital Markets (McGraw-Hill, 1970 and 2000), Asset Allocation Tools (Scientific Press, 1987), Fundamentals of Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 2000), Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 1999) and Investors and Markets: Portfolio Choices, Asset Prices and Investment Advice (Princeton University Press, 2007).
Dr. Sharpe is past President of the American Finance Association. In 1990 he received the Nobel Prize in Economic Sciences.
He received his Ph.D., M.A. and B.A. in Economics from the University of California at Los Angeles. He is also the recipient of a Doctor of Humane Letters, Honoris Causa from DePaul University, a Doctor Honoris Causa from the University of Alicante (Spain), a Doctor Honoris Causa from the University of Vienna (Austria), a Doctor of Science, Economics, Honoris Causa from the London Business School and the UCLA Medal, UCLA’s highest honor.
A detailed vitae sheet is available at www.wsharpe.com/bio/vitae.htm. Additional information can be found on the world-wide web at www.wsharpe.com and www.financialengines.com.
Interview: Simon Maierhofer, ETF GUIDE.COM co-founder
Aired 02/14/09 ETFguide is the information leader on exchange-traded funds because of its vendor neutral approach and its progressive reporting style. Unique features include an ETF bookstore, a monthly e-mail newsletter, and subscription based ETF portfolios. ETFguide is independently owned and began publishing in 2003. The site reaches an affluent audience of individual investors, financial advisors, and financial institutions that invest and work with ETFs. http://www.etfguide.com
Interview: Russell Wild, MBA and Author
Aired 02/07/09
Russell Wild, MBA, an expert on index investing, is a fee-only financial planner and investment advisor and the principal of Global Portfolios. He is the author of "Index Investing For Dummies."
Recommended by finance experts and used extensively by institutional investors, index funds and exchange-traded funds (ETFs) provide unmanaged, diversified exposure to a variety of asset classes. Index Investing For Dummies shows active investors how to add index investments to their portfolios and make the most of their money, while protecting their assets. It features plain-English information on the different types of index funds and their advantage over other funds, getting started in index investing, using index funds for asset allocation, understanding returns and risk, diversifying among fund holdings, and applying winning strategies for maximum profit.
www.globalportfolios.net
Interview: Rick Genoni, Product Manager for Vanguard ETFs
Aired 01/31/09
According to reports, the Securities and Exchange Commission has given permission to Wheaton, IL-based PowerShares Capital Management to offer active ETFs.
Up until now, all ETFs have been tied to a specific stock, bond, or commodity index.
The four new PowerShares funds slated for launch are:
* Active AlphaQ, benchmarked against the Nasdaq-100 index
* Active Alpha Multi-Cap, benchmarked against the S&P 500 index
* Active Mega-Cap, benchmarked against the Russell Top 200 index
* Active Low-Duration, benchmarked against the Lehman Brothers 1-3 year U.S. Treasury index.
“It’s important to realize that these products do not have an existing track record so it will be interesting to see the extent of alpha they are able to achieve given the disclosure of the creation/redemption basket.”
- Rick Genoni, Head of ETF Product Development at the Vanguard Group
Interview: Dan Dolan, Select Sector SPDRs
Aired 01/25/09
Select Sector SPDRs are unique ETFs that divide the S&P 500 into nine sector index funds. So now you can customize your investments by picking and weighting these sectors to meet your specific investment goals.
Select Sector SPDRs have the diversity of a mutual fund, the focus of a sector fund, and the tradability of a stock.
You can buy or sell Select Sector SPDR shares on the American Stock Exchange throughout the trading day. Together, the nine Select Sector SPDRs represent the S&P 500 as a whole. However, each Select Sector SPDR can also be bought individually, providing you with undiluted exposure to a particular sector or industry group.
Select Sector SPDRs let you achieve the security of investing in the well-known, large cap stocks of the S&P 500, with the ability to over-weight or under-weight particular sectors based on your own investment goals and strategies.
Interview: Richard A. Ferri, CFA CEO and Author
Aired 01/18/09
Richard A. Ferri, CFA is the CEO of Portfolio Solutions and author of four books on personal finance/investing. His latest is "The ETF Book" (Wiley 2008), which has already become the industry's leading guide book. His investment firm focuses on portfolio management of index-based portfolios using low-cost index funds and exchange-traded funds (ETFs). More information is available by visiting:
http://www.portfoliosolutions.com/
Interview: Mitchell Zuckoff, Author
Aired 01/11/09
Mr. Zuckoff is a former special projects reporter at The Boston Globe who was a Pulitzer Prize finalist for investigative reporting. He received the Distinguished Writing Award from the American Society of Newspaper Editors, the Livingston Award for International Reporting, the Heywood Broun Award, and the Associated Press Managing Editors' Public Service Award, among others. He is the author of Ponzi’s Scheme: The True Story of a Financial Legend, a New York Times Editors’ Choice book; and Choosing Naia: A Family's Journey, which received the Christopher Award and was named a Massachusetts Honor Book; and co-author of Judgment Ridge: The True Story Behind the Dartmouth Murders, which was a finalist for the Edgar Award. He is at work on a biography of P.T. Barnum.
Interview: Steve Cohen, Managing Director – Marketing at ProShare Advisors
Aired 12/20/08
ProShare is the world's largest manager of short and leveraged funds. ProShare's 76 ETFs make it simple to execute sophisticated strategies, like shorting or magnifying your exposure to major indexes. No margin account. No margin calls. It's as simple as buying a stock.
Short ProShares – Hedge against downturns, or seek profit when markets decline, with the first ETFs designed to go up when indexes go down.
Ultra ProShares – Get more exposure for your investment dollars with the first ETFs designed to double the daily performance of popular market indexes (before fees and expenses).
http://www.proshares.com
Interview: Nouriel Roubini, Professor of Economics at the Stern School of Business at NYU and Chairman of RGE Monitor
(Aired 12/06/08 with updated news, phone calls and emails.)
Re-Play from 10/18/08 2 years ago, Nouriel Roubini a.k.a.(Dr. Doom) predicted the current economic crisis. Now he sees things becoming far worse. On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-life-time housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt. These developments, he went on, could cripple or destroy hedge funds, investment banks and other major financial institutions like Fannie Mae and Freddie Mac.
Interview: Harry Markowitz, Nobel Prize in Economics
Aired 11/30/08
Harry Markowitz[mAr´kuwits´´] 1927–, American economist, Ph.D. Univ. of Chicago, 1954. In the 1950s he developed a theory of "portfolio choice," which allows investors to analyze risk as well as their expected return. For this work Markowitz, a professor at Baruch College at the City Univ. of New York, shared the 1990 Nobel Memorial Prize in Economic Sciences with William Sharpe and Merton Miller.
Interview: John Bogle, founder and retired CEO of The Vanguard Group.
John Clifton "Jack" Bogle is the founder and retired CEO of The Vanguard Group.
The answer to the conundrum of 2008 lies in John Bogle's new book, "Enough," which is the punch line from a delightful Kurt Vonnegut/Joseph Heller story. Simply put, our nation has been suffering from decades of unchecked financial excess, for which we are now paying the piper: excess in investment company fees; excess in financial speculation masquerading as diversification and innovation; excess in the salaries of top executives; excess in salesmanship; and most importantly, excess in the role played by the financial industry in our national economy and national life.
Interview: Alicia H.Munnell, Director of the Center for Retirement Research at Boston College
Aired 10/25/08
Before joining Boston College in 1997, Alicia Munnell was a Member of the President's Council of Economic Advisers (1995-1997) and Assistant Secretary of the Treasury for Economic Policy (1993-1995). Previously, she spent 20 years at the Federal Reserve Bank of Boston (1973-1993), where she became Senior Vice President and Director of Research in 1984. She has published many articles, authored numerous books, and edited several volumes on tax policy, Social Security, public and private pensions, and productivity.
Alicia Munnell was co-founder and first President of the National Academy of Social Insurance and is currently a member of the American Academy of Arts and Sciences, the Institute of Medicine, and the Pension Research Council at Wharton. She is a member of the Board of The Century Foundation, the National Bureau of Economic Research, and the Pension Rights Center. And she was awarded the 2007 International INA Prize for Insurance Sciences by the Italian Academia Nazionale dei Lincei in Rome.
Alicia Munnell earned her B.A. from Wellesley College, an M.A. from Boston University, and her Ph.D. from Harvard University.
Interview: ROBERT ARNOTT, Author and Chairman/Founder: Research Affiliates
Aired 09/13/08
Several unconventional portfolio strategies now in wide application figure among Rob Arnott’s pioneering innovations: tactical asset allocation, global tactical asset allocation, tax-advantaged equity management, and fundamental indexation, among others.
An intrepid entrepreneur, Rob has built and led three major asset management firms, serving along the way as equity strategist for Salomon Brothers. He established Research Affiliates® in 2002 as a research-intensive asset management firm, focused on building cutting-edge new products, and bringing them to the marketplace through affiliations wherever possible. With a product menu ranging between sub-advisory services, asset management products, and software models, Research Affiliates® sub-advises the first global asset allocation product to actively tap alternative markets beyond conventional stocks and bonds.
A widely published financial thinker, Rob has been a frequent contributor to leading financial journals and books. He has served as editor of the Financial Analysts Journal, and has published more than 100 articles in the FAJ, the Journal of Portfolio Management, the Harvard Business Review, and other respected journals. Rob lectures frequently, has served as a visiting professor of finance at UCLA, and has served on the product advisory board of the Chicago Board Options Exchange and two other exchanges.
"The Fundamental Index: A Better Way to Invest" is Robert's latest book. The Fundamental Index examines a new approach to indexing that can overcome the structural return drag created by traditional capitalization-based indexing strategies, and in so doing, enhance the performance of your portfolio. Throughout this book, Robert Arnott and his colleagues outline this breakthrough strategy and explain how it can be used to improve investment returns, typically at lower risk and lower cost than most conventional investments.
http://www.rallc.com/index.htm
Interview: Tom Anderson, CFA Vice President, State Street Global Advisors & Head of Strategy and Research
Aired 09/06/08
Tom is a Vice President of State Street Global Advisors and Head of the Strategy and Research Group for the Intermediary Business Group. He is responsible for developing research content for the ETF marketplace, as well as developing and maintaining key relationships within the research, investment and intermediary communities.
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT)
State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class,investment approach and style. With $1.9 trillion in assets under management as of June 30, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Toronto, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 27 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com or http://statestreetspdrs.com
Interview: Edward (Ted) Siedle, Founder of Benchmark Financial Services, Inc.
Aired 08/23/08
Benchmark Financial Services, Inc., specializes in investigations of pension fraud, money management abuses and wrongdoing involving securities brokerages and pension investment consultants. Benchmark Financial frequently focus upon illegal or unethical business practices that are commonplace in the securities brokerage, asset management and consulting industries, as well as hidden or poorly disclosed financial arrangements between vendors to pensions.
Based in Ocean Ridge, Florida, Benchmark was founded in 1999 by Edward Siedle. Mr. Siedle is a federal securities attorney, investment banker, brokerage entrepreneur and writer, who has been referred to by the Press as the, "Sam Spade of money management" and "the nation's most vocal critic of abuses in the money management industry." Groundbreaking investigations undertaken by Siedle have included mutual fund portfolio manager illegal personal trading schemes, unethical pension consultant kick-back arrangements, illegal “soft dollar” programs, as well as hedge fund and venture capital fraud.
http://www.benchmarkalert.com/home.html
Interview: Richard A. Ferri, CFA is the CEO of Portfolio Solutions and Author
Aired 08/16/08
Richard A. Ferri, CFA is the CEO of Portfolio Solutions and author of four books on personal finance/investing. His latest is "The ETF Book" (Wiley 2008), which has already become the industry's leading guide book. His investment firm focuses on portfolio management of index-based portfolios using low-cost index funds and exchange-traded funds (ETFs). More information is available by visiting: http://www.portfoliosolutions.com/
Interview: David Wray, President of 401(k) Profit Sharing Council of America
Aired 08/02/08
David L. Wray is the president of the Profit sharing/401(k) Council of America (PSCA), a national, non-profit association of companies that sponsor profit sharing and 401(k) plans for over 6 million employees. He is a nationally recognized authority on 401(k) and other defined-contribution plan issues and he has testified before congressional committees and at Labor Department, Treasury Department, and Internal Revenue Service hearings. He was the 2004 chair of the Department of Labor’s ERISA Advisory Council, which advises the Secretary of Labor on benefits issues, and was a member of the Certified Financial Planner Board of Standards Advisory Board. He frequently speaks before trade groups, contributes to benefits publications and is quoted frequently in the media. He has written "Take Control With Your 401(k)" which was published by Dearborn Trade in June 2002. He served as president from 1993 to 1996 of the International Association for Financial Participation (IAFP), a Paris based alliance of national organizations that promote the use of employee financial participation.
Interview: Ron Ryan, CEO, Ryan ALM
Aired 08/09/08
The Ryan Index was the 1st Daily Bond Index created in March 1983. The Ryan Index is the Treasury yield curve as an index for every Auction maturity. It is the most accurate Treasury Index as data starts from Auction Date not Settlement Date.
Ryan ALM, Inc. was founded by Ronald J. Ryan on July 12, 2004.
Ryan ALM is unique as an Asset Manager being totally focused on Asset/Liability Management (ALM).
http://www.ryanalm.com
Interview: Jason Zweig, Author and Columnist
Aired 07/19/08
Jason Zweig is a personal finance columnist for The Wall Street Journal. He was a senior writer for Money magazine and has been a guest columnist for Time magazine and cnn.com. He is also the editor of the revised edition of Benjamin Graham’s The Intelligent Investor, the classic text that Warren Buffett has described as “by far the best book about investing every written.” Before joining Money, Zweig was the mutual funds editor at Forbes. In 2001, he was named “best financial columnist for a national publication” by Northwestern University’s Medill School of Journalism.
In 2006, he received a lifetime achievement award from the Mutual Fund Education Alliance. He has also been a Media Fellow at the Hoover Institution at Stanford University and the Knight Center for Specialized Journalism at the University of Maryland. Zweig is a trustee of the Museum of American Finance, an affiliate of the Smithsonian Institution. He also serves on the editorial boards of Financial History magazine and The Journal of Behavioral Finance. A graduate of Columbia University, he lives in New York City.
Jason's new book is "YOUR MONEY AND YOUR BRAIN: How The New Science Of Neuroeconomics Can Help Make You Rich"
Podcast Summary
Hosted by Ron DeLegge
It is the only weekly program dedicated to the key market indexes and the financial products that track them.
Ron DeLegge is the weekly voice of the Index Investing Radio Show. He's
been quoted and contributed to financial news articles published by the
Associated Press, Business Week, USA Today, and the Wall Street Journal.
In addition, Ron serves as the Publisher and Editor of ETFguide.com, a
popular destination for information on exchange traded funds or ETFs. He
is also a contributing writer to a monthly column on ETFs for Research
Magazine (ResearchXtra.com), an industry trade journal for financial
advisors.
He believes the formula for beating Wall Street starts with trusting the
indexes, not the money managers that try to beat them and fail.
