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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    Banking, Bonds / Fixed Income, Choosing an Advisor, Stocks, Insurance
What types of investments should risk-adverse elderly investors consider utilizing for safe returns?

You are on the right track; a lot depends upon your income bracket, age, and other considerations.  One very good choice today is two-year U.S. Treasuries which are paying almost 3% and where the interest is completely free of state and local income taxes.  You can purchase these at treasurydirect.gov.  You can also purchase shorter-dated U.S. Treasuries which pay somewhat less but the money isn't tied up for two years.

I would avoid corporate bonds, dividend stocks, and other assets with fluctuating values.  Risk-averse people will tend to sell these whenever they are lowest and buy them when they are highest, so they are best avoided in favor of true risk-free assets which pay around 3%.

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