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Friday, November 30, 2012

How Wealthiest Invest Their Millions Today

Keith Banks, U.S. Trust, explains where the nation's most wealthy are putting their money now. Meanwhile CNBC's Eamon Javers discusses President Obama's message on the fiscal cliff.

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About Me

Ruminations: I'm an investment professional and have spent the bulk of my career in the investment management industry. I am a deep value investor, but I also move in and out of asset classes based on my macro outlook (typically 10-20 trades a year). I don't mind holding a big slug of cash even if it earns nothing in hopes of hitting that fat pitch (as I did in 2009). I've been watching our current economic train wreck with a mixture of fascination and dread. The pain is not over and the worst is still to come. Under a reckless Fed that has callously disregarded its duty to supervise the markets, we are slowly but surely heading towards a day of reckoning where we will see the global currency system realign, interest rates in the United States rise sharply, and our standard of living decline measurably.

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Friday, November 30, 2012

How Wealthiest Invest Their Millions Today

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