It makes absolutely no sense to entrust your savings to anyone who won’t agree, in writing, to fully disclose all conflicts of interest and to always place your interest above both theirs and their firm’s.
When I used to give longer presentations, I noted high engagement at the beginning of my talk, which tapered after 10 minutes or so and continued to decline.
The road to reaching your retirement goals is paved with low management fee index funds.
On February 17, 2017, the Dow Jones Industrial Average closed at 20,624. It is up 4.36 percent for so far in 2017. In 2016, when adjusted for dividend reinvestment, the DJIA returned 16.47 percent. Given these extraordinary gains, it’s not surprising that investors are nervous about a bubble that might soon burst.
Here’s a quote attributed to Tacitus, a senator and historian of the Roman Empire: “The desire for safety stands against every great and noble enterprise.”
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.