looking out for you?
money meets experience, it's the
experience that ends up with the money,
and the money that ends up with the
selecting an advisor, broker or online
trading company, conventional wisdom is
to use a large, publicly held, brand
name investment firm. Like most things
in investing, the conventional wisdom is
wrong. These firms have conflicting
interests, and the individual investor
Street makes money from
the fees they charge, not their
investing prowess. Wall Street's biggest
expense is influencing
your decisions, putting their business interests ahead of
their fiduciary responsibilities.
sense—you won't find
Visible Investing principles being promoted by
not in their financial interest.
Be skeptical, and be wary of the man who urges an action in which he himself incurs no risk.
John Bogle: A
critique of the mutual fund Industry