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Steven Jon Kaplan

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

True Contrarian Investments LLC

Job Title:



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.


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:


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February 2018

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    Debt, Personal Finance, Retirement Savings
Can a creditor seize my retirement savings?
100% of people found this answer helpful

That sounds like a simple question but the answer is quite complicated and has been the basis for many lawsuits and legal judgments.  It varies enormously from state to state and the gray areas are wide.  Usually, assume that creditors can seize your retirement savings, and that IRA accounts are easier to seize than employer plans like a 401(k), 403(b), or 457.  If the creditor is the IRS then they can seize all of the above and more.  Private creditors have far more restrictions but it depends upon the terms of your relationship with them.  Usually it is much easier for a creditor to collect in a situation where they are the lender and you are the borrower with promised periodic loan payments where you didn't follow the written payment schedule, or where they are the landlord and you didn't pay your rent according to a written lease.  It is harder for someone to collect in a business dispute of any kind or when any arrangement involved non-written agreements.

June 2017
    Social Security, Annuities, Mutual Funds, Insurance
How can I invest my Social Security monthly benefits to gain the most growth?
100% of people found this answer helpful
April 2018
    Career / Compensation, Financial Planning, Pensions
Which plan is better for my union, a defined benefit plan or defined contribution pension?
100% of people found this answer helpful
July 2017
    Personal Finance, Stocks
Is it legal for my stock broker to request a percentage of a non-commissioned trade?
100% of people found this answer helpful
June 2017
Do lower interest rates increase investment spending?
100% of people found this answer helpful
July 2017