Allan Sloan
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Wall Street needs to give up its bargain tax rates
Investment managers have held on to it for years, but 'carried interest' carries an odious loophole that needs to go.
FORTUNE -- Politics has moments when it's actually useful. Case in point is the uproar over Mitt Romney's tax returns, which may help rid us of a small but noxious and symbolic loophole worth several billion dollars a year to managers of investment partnerships.
I'm talking about "carried interest" -- finance-speak for MORE
Allan Sloan, senior editor-at-large - Feb 8, 2012 5:00 AM ET -
Dividend stocks: Buyer beware
With bonds, CDs, and money markets offering paltry payouts, it's no wonder investors are looking for better returns. They just need to know what they're getting into.
FORTUNE -- There's one group of people who aren't cheering Ben Bernanke's announcement last week that the Federal Reserve expects to keep interest rates ultra-low through 2014: people of modest means who live off their interest income.
As I've been pointing out since 2007, the MORE
Allan Sloan, senior editor-at-large - Jan 31, 2012 5:00 AM ET -
A new stimulus: Have Wall Street bail out Main Street
A mass mortgage refi solution is getting support from both sides of the political aisle. And it wouldn't cost taxpayers a dime.
FORTUNE -- Main Street taxpayers have bailed out Wall Street. Now it's time for Wall Street to return the favor by footing the bill to help millions of honorable Main Street borrowers pay lower interest rates on their mortgages, something that should have happened years ago. Wall Street giving MORE
Allan Sloan, senior editor-at-large - Jan 18, 2012 5:00 AM ETPosted in: Allan Sloan, bailouts, borrowing, lending, Macro, Main Street, Mortgage loan, taxpayers, Wall Street -
Where do I put my money now?
Markets up. Markets down. Turmoil in Europe. You can't even trust bonds these days. What's an investor to do? Our man's solution: simple and boring.
FORTUNE -- It's never easy to answer the question that Fortune poses in its annual Investor's Guide: Where should you put your money now? The response, of course, depends on your individual situation -- your finances, your goals, your tolerance for risk, your time horizon, and MORE
Allan Sloan, senior editor-at-large - Dec 8, 2011 5:00 AM ET -
Bill Miller had a great run. But did his investors?
Legg Mason's superstar is closing out a legendary career. Too bad his investors can't afford to call it quits.
FORTUNE -- There are certain stock market lessons that most investors never learn. Among the biggest is "Beware of throwing money at a popular fund." That's one thing we should all take away from the career of Bill Miller, once the mutual fund industry's brightest star. Miller, who announced recently that he's MORE
Allan Sloan, senior editor-at-large - Dec 7, 2011 5:00 AM ET -
A reward for responsible homeowners
Are you consistently making mortgage payments on underwater loans? You deserve a break too.
The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. But let's say you're a hardworking family that has done nothing wrong except buy a home when the MORE
Allan Sloan, senior editor-at-large - Sep 7, 2010 10:44 AM ET
Allan Sloan, who has been writing about business for more than 40 years, joined Fortune in July of 2007. Before that, he was the Wall Street editor for Newsweek for 12 years. His work also appears in The Washington Post. Allan is a seven-time winner of the Loeb Award, business journalism's highest honor, receiving awards in four different categories for five different employers. He is a graduate of Brooklyn College and has a master's degree in journalism from Columbia University. He and his wife live in New Jersey. They have three grown children.
