It would be great if the financial media conveyed useful information to investors. If it did, you’d see headlines like these
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There’s a way to vastly improve your returns, but it’s not very palatable: Die and don’t tell anyone about your account. They’ll probably find out about it after ten or twenty years. The returns are likely to be stellar.
The financial media was in a frenzy with news of Snapchat’s initial public offering. The stock soared 45 percent in short order. Who wouldn’t want a piece of those gains?
The next time your broker recommends an actively managed mutual fund, show him or her these studies and ask this question: What makes you believe you have greater expertise than these sophisticated pension and endowment plans?
The road to reaching your retirement goals is paved with low management fee index funds.
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.