Shakespeare could not have been more correct when he observed, “desperate times breed desperate measures.” If everyone understood the low odds of actively managed funds outperforming a comparable index fund, many more funds would go out of business.
The announcement that the Secretary of Labor must conduct a new economic and legal analysis of the fiduciary rule is a setback to those of us who care about investors. Many believe it is the opening salvo in an effort by the Trump administration to delay, gut or even eliminate the rule.
“If you are concerned about how current events will affect your investments, you have no business owning any stocks.”
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