Why Does FINRA Have An Investment Portfolio?

My latest post for Alpha Baskets is posted and includes the following;

So here’s a weird one involving FINRA that you might have picked up in the last few days. Apparently it has a large, $1.6 billion, investment portfolio and the returns have been weak, according to the Wall Street Journal, under performing a 50/50 equity/fixed income portfolio for quite a few years.

Please click through to read the entire post.

El Morro National Monument


Ramah, New Mexico


I bought a stack of National Park postcards that I thought were WPA but weren’t. Still neat looking, this one I messed around with the coloring.


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