Jason Zweig from the Wall Street Journal discusses how the Congress rejected the bill requiring stockbrokers and insurance agents to put consumers interest first. The only people giving independent advice conflict free are Registered Investment Advisors.
Experts are always telling us what stocks to buy and sell. For most investors, we view this as what John Bogle of Vanguard Funds called it, “Investtainment.”
There has been NO PROOF that stock pickers, market timers or analyst can accurately and predictably predict the market and achieve above average returns.
The best way to [...]
The big guys are paying 330% of a reps past 12 months commissions to ‘lure them over.’
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091113/FREE/911139975/1094/INDaily01
Updated Story: The recruiting & bonus war continues. I wonder how this helps consumers when companies are ‘buying’ brokers to bring their block of business to the firm.
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091115/REG/311159961/1094/INDaily01
Great ‘insider article’ describing how currently brokers and brokerages must act in a ’suitable world’ in which they just have to show that invest recommendations they made were suitable, although not necessarily the best for an investor. In addition, when it comes to special offerings, IPO’s and other specialty items that brokerages create or are [...]
Originally Posted on April 16 2009.
The coach pounds away on the con game used by mutual fund firms and brokers to create the illusion of good performing funds. The video originally posted April 16, 2009 discussed the launch of Putnum’s Absolute Return Funds. Subsequent video’s show how Bryan was right on when he [...]
What they DON’T tell you about mutual funds…
(Click on title to view video)
Learn the facts about asset class historical returns and what you can & should expect. If someone is promising returns greater than these, that means they are going to outpace historical ‘market performance’ which is what the market has done. So what does this mean? Considering most managed funds don’t [...]
(Click title to view video)
http://registeredrep.com/career/0901-wirehouses-lacking-recruiting/
Wow. The article in gives you, the investor, the nitty gritty about how brokerage firms seek to make their money and meet their quota’s. I personally love the statement: Same-store sales means motivating existing reps to gather more assets and clients, and squeeze more revenue out of those assets and clients. [...]
Just like ’street hustlers’ who take money from unsuspecting people, mutual funds have developed a system that is very much the same. Giving people the ‘illusion’ that there are funds and managers out there with Clairvoyance, they deceptively use the law of large numbers (with a big enough sampling, even flipping a coin which has [...]
