How Mutual Funds Hide Fees
Article from Wall Street Journal on new SEC regulations that make it harder for mutual funds to hide their true fees from investors.
How Wealth Managers Get You To Trust Them
A training tool given to wealth managers by State Street Bank to help them convince investors that their fees are justified and that they should be trusted.
How I Fired Smith Barney
Read SB's letter (a MarketRider) challenging his wealth manager's ability to justify their fees. This was before firing them and saving himself over $200,000 per year in fees.
The 12 Step Program
Online book where the author brings lots of data to bear on the idea that trying to pick stocks or mutual fund managers and beat the market on a consistent basis over many years doesn't work. He uses the 12 Step Program as a metaphor for how people are "addicted" to trying to beat the market and to get them off this type of gambling.
Broker Fraud, Lawsuits, Scams
Here's a link to a lawfirm that specializes in representing investors who have been screwed by brokers, advisors, and other members of the financial services industry. Reading some of these cases will send chills down your spine. Can't happen to you? Keep reading.
How to Minimize Investment Returns by Warren Buffett
Read Warren Buffett's scathing critique of the investment industry. He describes how fees for investment advice destroy people's wealth. In other writings, he strongly recommends index funds.
What Your Portfolio Really Needs (Wall Street Journal August 2007)
Written during the panic of August 2007 when investors needed some conviction to buy when values were falling, this article reinforces the need to diversify into many different markets using ETFs. Fully supports The System.
The Importance of Rebalancing A Portfolio in Volatile Markets
Steven Weinstein, Cindy Sin-Yi Tsai and Jason Laurie discuss the importance of rebalancing a portfolio in every market climate and the significant role rebalancing has in maintaining an investment policy. The authors are with Altair Advisers, LLC, an investment advisory firm for private clients.
Overview of Portfolio Rebalancing
Presented at the 14th Annual Asset Allocation Congress, March 6, 2000 by Michael D. Smith, CFA, Research Director, Hewitt Investment Group. The author argues for the increased returns from portfolio rebalancing in this powerpoint presentation.
The Best Investment Advice You'll Never Need
Right before its IPO, Google prepared their about-to-be multi millionaire employees for the onslaught of wealth managers. They were basically taught The System.