The veil over how Wall Street works is slowly being lifted. Wall Street’s real mission isn’t to help you make what the markets return, rather it’s to keep your money in their control so they can use it to take some of those returns for themselves. No wonder Wall Street wages a constant propaganda machine to convince [...]
Category Archives: How Wall Street Makes Money
‘24′ Star Kiefer Sutherland Blows Up His Retirement Portfolio
Friday, February 5, 2010
The news about retirement portfolio investing this week has been a little light, so we start with the lighter side. Kiefer Sutherland’s misfortune is not funny, but we’ve watched our hero in “24″ defy the odds of multiple life and death situations. So it’s ironic that in real life, he too fell victim to an [...]
The Law of Compounding Makes Fees Quite Sizeable Over Time
Friday, February 5, 2010
Many do not flinch at paying 1-2% of their asset in fees to a financial advisor, but if one were to better understand the Law of Compounding one might look at 1-2% differently. The Law of Compound Returns is a force of nature. Simply put, the Law of Compound Returns says money left alone creates more money. [...]
Investing for Beginners: Avoid the Tempting Scams
Wednesday, January 27, 2010
Investing for beginners, as well as those more financially savvy, can oftentimes be a daunting task as there are many investment choices and unfortunately many schemes making promises that can’t be kept. As recently exposed in an article in InvestorsInsight.com ‘Record Year For Ponzi Schemes’ investors are oftentimes lured in by investment schemes that are just ‘too good to be true’. “It’s [...]
Investment Advisor Services Run The Gamut, Which Is Right For You?
Friday, January 22, 2010
A recent New York Times article ‘For Financial Advice, Arriving at the Right Dosage’ is an informative piece describing various options for getting low cost financial advice from an investment advisor. It’s one of the best, most comprehensive and well-balanced articles of its kind. ”Most everyone needs financial advice. The big question is how much. Wealthy families rely [...]
Active Investing by Money Managers Loses in Risk Study
Friday, January 8, 2010
Sam Mamudi of the Wall Street Journal deservingly poked money managers in the eye with his recent report on how such mangers underperformed indexes in both real and risk adjusted returns as revealed by a rigorous Morningstar study on the subject.
As Mamundi states, “While it has been established that most actively managed mutual funds lag [...]
