Al Frank, 72; Ran Successful Stock Advisory Newsletter
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Al Frank, 72, founder of Al Frank Asset Management and the Prudent Speculator newsletter, died of cancer Thursday in Carmel.
Frank launched the Prudent Speculator in 1977, eight years after he began investing. Hulbert Financial Digest named it the best-performing stock advisory newsletter for the last 20 years with a 19.5% annual return through the end of February this year.
Born in Iowa in 1930, Frank earned a master’s degree in American studies at UC Berkeley. He also earned a master’s in vocational rehabilitation counseling from Cal State L.A. and later attended and taught at UCLA.
He founded his newsletter after becoming interested in investing while working on his doctorate in education at UCLA.
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