This is a continuation of yesterday’s post, which is a reprint of an article its entirety from the June 16, 2009 issue of Smart Money.
(Copyright: Smart Money Magazine)
6. “Once I’ve done the plan, I’m outta here…”
Financial planners like to give you the sense that they’ll be with you every step of the way through important […]
Don’t give me any credit for this one. I have reprinted this article its entirety from the June 16, 2009 issue of Smart Money (though we’ve added all the links). It is a devastating insight and exposé of the dirty little secrets in the world of financial planning.
Talk about biting the hand that feeds you!
(Copyright: […]
You may have read recently about the brewing scandal involving state pension fund managers pocketing money from asset managers bidding to manage public funds.
As always, where money and politics intersect, this is going to get very ugly.
And it may be just the tip of the iceberg.
I’ve long advocated for the discount brokerage firms, and have […]
Just about everyone now knows what a CFP (Certified Financial Planner) is…and does.
Yet you may not know about NAPFA…the National Association of Personal Financial Advisers.
Within the CFP ranks are advisers who earn money from commissions — selling financial products and services, and those who earn fee income in their service to clients….with some drawing from […]
It’s time we focused on the absolute best business model of all time.
This would be where the customer/client pays the provider/seller a fat fee…
and gets nothing in return…
Or worse.
Hey…I didn’t say it was the best business model for the customer.
Don’t be surprised that this vanishing act is entrenched and enshrined in the land of smoke […]
At a time when the monied class is being demonized…we need to throw our support to an unlikely beneficiary.
Hedge Funds.
I know…I run the risk of being a hypocrite after long ranting about their over-the-top compensation structure. But no one held a gun to the head of the investors who clamored to climb aboard.
The Feds are […]
Have you checked out your recent returns on your brokerage money market fund?
You are in for a shock. So called “prime” money market funds…those that have traditionally had the fattest yield, clock in at well under a half percent. Treasury money market funds pay practically nothing…and many have closed their doors to new money.
Mutual fund […]
Question–is it a negative or a positive that your stock broker no longer handles small accounts like yours?
Answer–it’s probably the least of your worries…for now.
The old breed of commissioned stock brokers was destined for the scrap heap in any event.
There is now a frantic game of musical chairs underway, where too many brokers are trying […]
