Wall Street costs too much. “It’s an extractive industry”, says Vanguard founder John Bogle. “The investor feeds at the bottom of what is now the tremendously costly food chain of investing.”
In his new book, “Enough: True Measures of Money, Business, and Life,” he cites what might be an investment banker’s view of the national economic [...]
Target-date retirement funds took a bad rap during the 2008-09 market meltdown. Some investors apparently thought that they wouldn’t lose any money in the funds or that they were sure to be safe at the target date.
Misunderstandings like these show the need for more information about how target funds work. The Securities and [...]
You say you’re too smart to get trapped by a free-lunch “senior seminar?” Guess again. Older people with good incomes and business or professional backgrounds are the tactic’s red meat.
You’re invited by a prominent financial firm (or what sounds like one) for an “educational” session on, say, estate planning or improving your [...]
You can’t turn your back on Congress for a minute. Just when you think an issue will be settled in favor of investors, a Senator oozes under the door and slides a quick pro-business, anti-investor change into a bill.
That’s how the equity-indexed annuity — a costly product with a woeful past — slipped out of the [...]
Senator Tim Johnson socked investors with what might be a knockout punch, during negotiations on the financial reform bill. Investor protection is down for the count. The new law, when passed, is going to leave you out.
Johnson, a South Dakota Democrat, laughs at the concept of “fiduciary duty”—the idea that people who advise you on [...]
