“All advice should be in the best interest of the consumer. Bad financial advice is just wrong – period.”
That was the quote from Jo Ann Jenkins, CEO of AARP, which I used to close my most recent post highlighting the Department of Labor’s (DOL’s) new fiduciary proposal.
Here’s the scenario…
Patient: “Hi Doc, I came to see you today because I’m really not feeling well.”
Doc: “Tell me more about that.”
Patient: “I’m running a fever and coughing like crazy.”
CAPE Fear: Can we use Valuation Ratios to Time the Market?
With popular market benchmarks like the S&P 500 setting record highs in 2014, many investors have become apprehensive. They’re afraid that a major market decline is imminent and are eager to find a strategy that promises to avoid the pain of an extended downturn while still capturing any up-side potential.
Over the past decade there has been a great deal of hype in the financial press about the superiority of the so-called “endowment model” of investing. What is the endowment model you ask?
This follow-up to "The Tyranny of Choice" details how the Advisors Access approach enabled two plan sponsors to enhance their plans, reduce their fiduciary liability, and lower costs.READ MORE »
We have made the point in this space before about the pace of innovation and its incalculable impact on the value of companies and, by association, stocks. It is an esoteric point to be sure. And yet it is very real.READ MORE »