Word: nusbaum
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Although time-shares may be temptingly inexpensive, experts warn they should be vacation plays, not investment plays. "Don't buy it to flip it," cautions Howard Nusbaum, president of the American Resort Development Association. Buyers need to be cautious and carefully read all the fine print in the contracts, especially when purchasing a resale unit. State laws regulate sales of new time-shares but not resales...
...Trying to mimic a portfolio we can’t actually follow is a bad idea,” wrote portfolio manager Roger Nusbaum on TheStreet.com, “but learning from people who are smarter than us is a good idea...
Make sure your money is protected. There are no regulations governing vacation clubs, advises Howard Nusbaum, president and CEO of the American Resort Development Association. "Our goal is to have protections in place in the next few years," he says. So make sure you understand the terms. Ask about the ratio of members to homes (as stated earlier, 6 to 1 is par) and where new properties are scheduled. You should know about extra costs like housekeeping. Concierge service is usually free, but the items that are purchased for you are not. Find out the resignation policy so you know...
...measures have "put the fear of God" in corporate bosses and their employees "to make sure that auditors get accurate information," says Edward Nusbaum, CEO of Grant Thornton, the nation's sixth largest accounting firm. Gary Shamis, a managing partner at SS&G Financial Services in Cleveland, Ohio, says he recently met with the audit committee of a client "for the first time in 20 years." Because auditors are under greater scrutiny and because the law demands it, they must also document the process more meticulously...
...hope Mr. Kilson will see fit to apologize to the Jews, blacks, and the Harvard community as a whole for his ill-thought-out remarks. Bill Nusbaum...