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.
It seems clear that the Trump administration is hell bent on gutting protection for investors and letting Wall Street have free reign. This doesn’t mean it’s inevitable you’ll become a victim. It’s actually quite simple to protect yourself from an industry known for questionable ethics, illegal conduct, and unbridled greed.
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.
Non-traded REITs are illiquid real estate investments registered with the Securities and Exchange Commission, which permits them to be sold to unsophisticated investors.
When the lies are repeated, the brain recalls the lie and it becomes part of our reality.
I used to think end-of-life discussions were fairly straightforward. All that was involved was ensuring my clients had a will and a health care proxy. I couldn’t have been more wrong.