On its web site, Oppenheimer sets forth its purported goal of helping investors.
Jim Cramer’s Mad Money extolls the virtues of stock picking. Let’s take a look. One peer-reviewed study found Cramer’s stock picks underperformed the S&P 500 index from 2001-2016. His picks returned 64.5%. The S&P 500 index (including dividends) returned 126.1%.
I have to credit the securities industry. It has come up with really ingenious ways to separate investors from their money. Here’s the latest scheme:
When I’m asked to review client communications, the first question I ask is: “What’s the goal?” I get one of two responses. Either there is none or the firm is trying to demonstrate its expertise.
Have you heard the expression: “It’s not what you make, it’s what you keep?” It applies to investing.
Some advisors stand out. They aren’t always the smartest or the most charismatic, yet they are enormously successful, far more so than their peers. I have figured out why.