Month: January 2014

Kerchunker Profile: LifeLock to benefit from Target data breach

Kerchunker Profile

Cybercrime is on the rise. In the past, you only needed to worry about pickpockets or losing your wallet. You knew could cancel your credit cards the next day and not have to worry much. Today criminals are focused on stealing millions of identities at a time. This is proved by Target's recent data breach of up to 110 million customers' data including credit card numbers, PIN numbers, names and addresses. According to the Bureau of Justice Statistics, about 7% of people aged 16 or over were victims of identity theft in 2012. This translates into over 12 million Americans who had to deal with the hassle of the aftermath. Identity theft resulted in over $21 billion in costs to victims and businesses. Today your data may be floating around the black market and you don't know when the actual identity theft will occur. 15% of identity theft victims don't know until 4 or more years has past.

Read More

runnymede captive review

Captive Review Q&A: Runnymede Capital, Best Customer Service in Investment Management

Captive Review's Stephanie Tassone recently sat down with Andrew Wang, Senior Vice President at Runnymede. For two consecutive years, Runnymede Capital Management has been named the winner of Customer Service in Investment Management at the U.S. Captive Service Awards.

Judges’ comments: Taking out this award for the second year running, Runnymede is focused and committed to provide investment management services to its captives. The firm has established a reputation as providing knowledgeable and responsive customer service.

Read More

Angry variable annuity owners seek restitution

As stock market indices hit historic highs, one would think variable annuity owners are also riding the wave of euphoria. However, this isn't the case as complaints are gaining in relative volume and regulators are aware of a mounting crisis.

According to the Wall Street Journal's Matthias Rieker, in 2012, the variable annuity was the only class of security for which arbitration claims increased with 220 cases filed, based on data from the Financial Industry Regulatory Authority (Finra). Last year, through November, 165 cases were filed which represented a 20% decline from the same period 2012; however stock and mutual fund cases dropped at a faster rate.

Read More

US Service Sector steady in December, but new orders contract

Service Sector

The US service sector slowed again in December but more alarmingly new orders contracted for the first time since 2009.

The Institute for Supply Management (ISM) reported that its service index fell to 53% in November, a decrease from its 53.9% November reading. This missed expectatoins of 54.5 from forecasters surveyed by Dow Jones Newswires. This marks the 48th consecutive month of growth. A reading above 50 indicates the sector is expanding.

Read More

Wall Street strategists predict weak bull market

It is the first Monday of the New Year and we have already reviewed 2013's winners and losers. Now it is time to look forward. What do the experts think will happen in 2014 and should we even care.

Perhaps you are familiar with Philip Telock's landmark UC Berkeley study that looked at 82,000 predictions over 25 years by 300 leading economists. It turned out that their so called expert views were no better than random guesses, and worse, the more famous, the less accurate the prediction.

Read More

2013 in review: US Stocks win the race

Equities reign supreme

As we look back on 2013, investors will smile wide at the US stock market indices hitting historic highs. Not only did US markets have an outstanding year but they doubled the return of international indices. The once popular BRIC investing theme actually finished with 3 of the 4 BRIC countries in the red. The countries that went bankrupt in the financial crisis rose from the ashes as Greece, Ireland and Iceland were all up over 29%. Volatility was crushed by the running bulls as the VIX was down over 30%.

US Stocks

Read More