Tom Roseen Quotations

Next year, I think the average equity fund will lose 1.5 (percentage points) of its return to taxes. If you don't like investing in funds that have an above-average expense ratio, I'm not sure why you'd want a fund with an above-average tax burden, at least not for an account where taxes are going to matter.

People are saying, 'Okay, I'm ready to go play in the equity markets again.

Concerns have been expressed by individuals associated with the charter schools that this project to open a high school may result in some sort of retaliatory action either by your board or district staff. These charter schools currently enjoy a good working relationship with the district, and we hope you join us in assuring them everything will be done to maintain that relationship without fear of retribution.

The tax drag is just a really big issue. People just don't have it on their radar screen yet and they really should.

This is an area where people can look for current income, especially when they're in the upper tax brackets.

They are the people who have the ability to do asset allocation and diversify for us.

It's the magnitude of changes people are concerned about. If the Fed decides to tighten more aggressively, both in time frame and in magnitude, that could put a strain on the market as a whole.

If managers find a diamond in the rough, good research pays off.