The Financial Coach Show » Brokerage Firm Games http://financialcoachshow.com Sundays 5-7 PM 97.1 FM Talk or www.971talk.com Wed, 28 Jul 2010 15:36:28 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Copyright 2010 © by The Financial Coach Show scott@financialcoachshow.com (The Financial Coach Show) scott@financialcoachshow.com (The Financial Coach Show) posts 1440 Sundays 5-7 PM 97.1 FM Talk or www.971talk.com The Financial Coach Show The Financial Coach Show scott@financialcoachshow.com No no http://financialcoachshow.com/wp-content/uploads/2010/01/bryansmall.gif The Financial Coach Show http://financialcoachshow.com 144 144 Mutual Fund Past Performance Monkey Business: BEWARE http://financialcoachshow.com/2010/07/mutual-fund-past-performance-monkey-business-beware/ http://financialcoachshow.com/2010/07/mutual-fund-past-performance-monkey-business-beware/#comments Mon, 26 Jul 2010 23:25:41 +0000 Bryan Binkholder http://financialcoachshow.com/?p=770 Soon to be released study from the Journal of Empirical Legal Studies (Sept. 2010) shows that Mutual Fund Past Performance means nothing but is used to seduce and swindle investors. In this video and attached report, you will see exactly why looking at past performance of mutual funds is a cardinal sin (possible an unforgivable sin).  The best part is they recommend the SEC require the following Disclosure on Mutual Funds:

‘Do not expect the fund’s quoted past performance to continue in the future. Studies show that mutual funds that have outperformed their peers in the past generally do not outperform them in the future.  Strong past performance is often a matter of chance.’

Key components Empirical Study PDF (Key pages selected)


]]> http://financialcoachshow.com/2010/07/mutual-fund-past-performance-monkey-business-beware/feed/ 0 Brokerages Should Prepare For A Fiduciary World (putting clients first) http://financialcoachshow.com/2009/11/brokerages-should-prepare-for-a-fiduciary-world-putting-clients-first/ http://financialcoachshow.com/2009/11/brokerages-should-prepare-for-a-fiduciary-world-putting-clients-first/#comments Tue, 10 Nov 2009 12:48:06 +0000 Bryan Binkholder http://financialcoachshow.com/?p=244 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 heavily compensated to move (sell for a company), brokers do not have to inform the consumer about how much the firm is being paid to move the bonds or stock or mutual funds or whatever.  Get armed and learn what a broker or Financial Advisor/Vice President (or First Vice President) of investments is really trying to sell you.  This blog post by financial insiders reveals (through what it says between the lines) of what really goes on in the financial world and big brokerage houses.

http://blogs.wsj.com/financial-adviser/2009/11/06/brokerages-should-prepare-for-a-fiduciary-world/?mod=finadv

dumpbroker

]]> http://financialcoachshow.com/2009/11/brokerages-should-prepare-for-a-fiduciary-world-putting-clients-first/feed/ 0