Steven Jon Kaplan

Series 65
Personal Finance, Retirement, Investing
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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
All Answers
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    Financial Planning, IRAs
What's the best way to handle RMDs in order to save in my IRA?
100% of people found this answer helpful

Whether stocks pay dividends or not is irrelevant; the RMD is calculated as of the closing price the previous December 31.

The way to minimize RMDs is to start converting your non-Roth retirement accounts into Roth accounts.  I began at age 40 and I usually make one or more conversions each month, so that when I reach 70-1/2 my non-Roth accounts will be relatively small compared with my Roth accounts.  I recommend this for nearly all of my clients.  I have even told teenagers with Roth accounts to begin the practice of converting them to Roth accounts.  The way to do this is to convert whatever is most undervalued and oversold, so that you pay tax at the lowest rate and so that all future gains are tax-free.

If you convert anything which ends up dropping further in value, you can unconvert or recharacterize those conversions back into a non-Roth IRA by October 15 of the following year, and then convert them a second time at a lower price.  You can repeat this process as often as you like as long as you follow the rules.

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