Steven Jon Kaplan

Series 65
Personal Finance, Retirement, Investing
87%
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337
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Articles
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“As the CEO of True Contrarian, Steven Kaplan is committed to continually researching the latest developments in the global financial markets.”
Firm:

True Contrarian Investments LLC

Job Title:

CEO

Biography:

Steven Jon Kaplan began TrueContrarian.com in August 1996 as a weekly blog and later expanded this to a daily newsletter with intraday updates in February 2006.  He has been trading his own account, and those of family and close friends, since 1981, and handles separately managed accounts for qualified clients. As a registered investment advisor, Steve charges a 20 % performance fee on net profits and no management fees.  He has been quoted in Barron's, Market Watch, Dow Jones Newswires, Seeking Alpha, Kitco, and elsewhere and has appeared on Market Watch cable TV with Stacey Delo.

Steven's goal is to identify those assets which are farthest away from the best estimates of their realistic fair-value levels. This is done through designing algorithms which examine the most reliable signals in the financial markets. These include insider buying relative to selling; investor inflows and outflows; media and advisors' sentiment; and intraday behavior especially near multi-decade tops and bottoms. He studies historical interrelationships to mathematically identify which divergences from typical behavior are pointing the way toward essential trend changes.

Steve enjoys running with the New York Road Runners Club, composing and performing on piano and voice, writing stories, and traveling to unique places.  He enjoys hearing from anyone about a wide range of topics, so please let him know what you think about the web site or whatever is on your mind.  You can find his music on ReverbNation.

Education:

BES, Electrical Engineering and Computer Science, The Johns Hopkins University

Assets Under Management:

$24 million

Fee Structure:

20% of net profits; zero management fees.

CRD Number:

2570721

Videos
  • True Contrarian Investments LLC
  • Steven Jon Kaplan explains why investors repeatedly fool themselves.
  • Steven Jon Kaplan: April 2010 conference
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    401(k), IRAs, Taxes
Where should someone in a low tax bracket move his 401(k) from a former employer?
100% of people found this answer helpful

One method is to transfer (not rollover!) your 401(k) money into two separate IRA accounts.  Your pre-tax money (the money that was subtracted from your salary) can be transferred into a traditional IRA and your after-tax money (where you didn't get a salary reduction) can be transferred into a Roth IRA with the same institution as your traditional IRA.  This will give you maximum flexibility.

Be sure to do two transfers, not rollovers.  The IRS has become very picky about rollovers since 2016 and you should avoid them wherever possible.  Once you decide which broker should hold the two IRA accounts, they will have a transfer form to have the funds moved from your 401(k) into your two new IRAs.

In addition to these transfers, you should contribute 5500 dollars each year to a Roth IRA--either the same one as above or a different one.  If your salary for any given year is less than 5500 then you can contribute up to the total amount of the salary listed on your W-2 form.

Having IRA accounts from a young age allows you to grow your money tax-free for decades.  Roth IRAs are best since you will never have to take required minimum distributions or to pay taxes on the money.

June 2017
    Social Security, Choosing an Advisor
Why would a fee-based investment advisor need my Social Security number?
100% of people found this answer helpful
May 2017
    Real Estate, Income Tax, Tax Deductions / Credits
Can I claim deductions on a home I no longer live in?
100% of people found this answer helpful
May 2017
    Debt, Real Estate
Should I get a credit card to improve already good credit?
100% of people found this answer helpful
May 2017
    Personal Finance, Stocks
Is it better to buy partial or whole shares?
100% of people found this answer helpful
May 2017