Advice that financial planners have for members of Gen Y.
What if your financial adviser is not a fiduciary? Other types of advisers, most notably people acting as brokers, must adhere to a lower “suitability standard,” meaning a recommended investment merely must be suitable, rather than “in your best interest.”
A new warning label for mutual funds? Experts recommend a stronger warning or an outright ban on mutual funds performance ads altogether as an inherent threat to investors’ financial health.
Even smart do-it-yourself investors comfortable with online discount brokerages need an advisor. Read more…
One-third of U.S. households have no life-insurance coverage. This is the highest percentage lacking coverage in over 40 years. [source: Wall Street Journal, 08/30/10]
If you’re in your 30s and you decide you’re not going to be in the stock market, how does that influence your savings? According to Mark Miller, author of The Hard Times Guide to Retirement Security, this is really going to hurt your chances of achieving a secure retirement down the road.
A reminder that the bond market, thought by many as a safe haven during volatile markets, carries plenty of its own risks.
Studies have shown that investors who use a financial advisor experience better long-term portfolio performance because they are more likely to adhere to their strategy and thus reach defined investment goals.
Fees are one thing that you definitely can and should control in your investment portfolios. 401(k) plans are notorious for making it difficult to figure out how much you’re paying in fees. BrightScope offers a free tool that shines a light on this dark area. Try it out and be a better informed investor.
Bull market? bear market? How about a WOLF? A wolf market is characterized by a tight trading range, increase volatility, high stock correlations and quick reversals. We’ve been in a wolf market since April or earlier.
