Steven Jon Kaplan

Series 65
Personal Finance, Retirement, Investing
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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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February 2018

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    IRAs
What are the differences between a Simple IRA and a Traditional IRA?
100% of people found this answer helpful

There is nothing similar about these two except the superficial similarity in their names.

There are retirement accounts which employers can set up for their employees.  These include 401(k), 403(b), 457, and Simple IRA plans.  The employer makes a contribution and matches the employee's salary reduction up to a certain percentage.  Employees are allowed to contribute additional non-matched funds deducted from their salaries, some of it before-tax (causing a lower tax bill that year) and some of it after-tax (not affecting that year's taxes).  Thus, a Simple IRA is just like a 401(k) but with simplified rules for employers who are small and don't have the resources to set up a 401(k) plan.

There are retirement accounts which individuals can establish for themselves independent of their employers.  These include Roth IRAs, traditional IRAs, and similar plans.  Roth IRAs usually grow best over time since they have no taxable withdrawal problems and no required minimum distributions.

There are also self-employed plans like SEP-IRA, Keogh, and solo 401(k) for those who own their own businesses and want to have the equivalent of a 401(k).

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
2 weeks ago
    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
    Investing, Asset Allocation
Where do investors tend to put their money in a bear market?
80% of people found this answer helpful
May 2017