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 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:


  • True Contrarian Investments LLC
  • Steven Jon Kaplan explains why investors repeatedly fool themselves.
  • Steven Jon Kaplan: April 2010 conference
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    Investing, 401(k), International / Global
What happens to a non-residential alien's 401(k) if they move outside of the United States?

There is no reason to reduce your 401(k) contributions or to be concerned with the integrity or existence of your 401(k) accounts.  They are fully viable regardless of whether or not you possess U.S. residence or citizenship.  Your home country may impose taxes on your earnings from that account or based upon the value of that account, but you will have to check the rules with your home country.  You can keep your money in your 401(k) as long as you like until you reach 70-1/2.  At that point, if you are no longer working at the company with which the 401(k) was established, you must begin making required minimum distributions and paying U.S. taxes on them just like any U.S. resident must do.  You can avoid this problem the same way that a U.S. resident can do, by gradually converting your 401(k) to a Roth IRA so that the entire amount is converted into a Roth IRA by the time you reach 70-1/2.  That will prevent you from ever having to pay U.S. taxes afterward even if the account greatly increases in value or you make significant withdrawals.

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