“Holy, My 403(b) Plan Is Not Free, Batman!”

The reason most teachers do not have low-cost index funds in their 403(b) plans is because they are too inexpensive. Financial salespeople have little incentive to sell a product when they will receive a small percentage of a number like 0.10%, the cost of a typical total market index product. On the other hand, provide…

Can these guys stoop any lower?

Continuing with their tradition of diversified malfeasance. http://www.investmentnews.com/article/20140731/FREE/140739968/ex-ubs-broker-accused-of-defrauding-elderly-in-ponzi-scheme

Why working with a Stock Broker still sucks

In todays WSJ there was an article about how a Wall Street’s firm top producing brokers were being treated to an all expense paid junket to Maui. On arrival they were treated to “pillow gifts” such as Maui Jim sunglasses and GoPro cameras. These members of “The Chairman’s Club” are being rewarded for grossing the…

Why young people MUST invest in stocks

There are many studies showing that young people classified in the millennial generation are making two major mistakes with their money. First, they are not saving and investing at all. Second, when they do invest, they are way too conservative. It is understandable for a recent graduates not to invest if they are saddled with…

Why not just fire everybody?

Yesterday, the market to be kind was “weak.” Microsoft saw its stock rally. The reason was it announced plans to fire 17,000 workers; this means more profits for the company and greater dividends and buybacks for the shareholders. This is pretty good unless you were one of the 17,000 saps that got canned. While firing…

If they don’t buy it, why should you?

According to Morningstar, of the 7,700 funds tracked, fifty percent of the managers have not invested a single dime in their funds!! This is an outrage. Not only do the majority of these funds vastly underperform their index, their own managers are showing no confidence in their ability to beat the market. This is like…

Who are the twenty richest celebrities?

For now, nothing in life is permanent… http://www.shebudgets.com/lifestyle/entertainment/20-hollywood-celebrities-with-the-highest-net-worth/17287?utm_source=taboola-networth&utm_medium=cpc&utm_term=accordingto&utm_campaign=celebritynetworth

How can you tell if your home is over or underpriced?

A simple formula can give you an idea. Take one year’s rent and divide it by what you think your home would sell for. This is the amount you would receive if you decided to rent your house for a year instead of selling it. Example: $3,000 a month in rent (what you think you…