No wonder many people have lousy opinions of Wall Street folks. Read on: Written in Barron’s March 5, 2007 issue, Bill Alpert noted that nearly 20% of “Analyst Recommendations” over a ten year period from 1993-2002 were changed — after the fact. Twenty Percent! As a result of the changes, the recommendations seemed to be… [Read More] Re-writing History on Wall Street
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Here we cover working with an investment advisor, how to find an investment adviser, what kind of questions to ask an investment adviser or financial advisor. We also cover topics like knowing the differences between stockbrokers (also known as financial consultants, financial advisers) and investment advisers -- differences most individual investors may not know.
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Here are some of our most recent articles:
In my previous message, I talked about how we moved to defense twice in 2004, but it seemed the market didn’t go down either time. If the markets weren’t going down, why get defensive? It’s an example of where the “generals” stay to fight, but the “soldiers” were leaving the battlefield. Sometimes, when the market… [Read More] Am I the Only One With Losing Stocks?
All of the short term AND long-term indicators I follow have now turned negative. All of ’em. Including the S&P 500. What’s that mean? Well, the S&P 500 Index is simply the 500 largest stocks in the US. And, basically, 70% of all money in mutual funds sits in the same 500 stocks. That’s a… [Read More] All Indicators Turn Negative in Down Markets
As I am writing this, the Dow Jones is down nearly 180 points. Sounds like a lot, right? That’s about 1.5% By comparison, October 19, 1987 the stock market dropped 22% in one day. Perspective does matter. Anyway, the last few days, I’ve seen headlines like: – Greenspan Thinks U.S. Heading Toward Recession – High-Risk… [Read More] The Stock Market is Down Today
Think you would you be HAPPY earning less than 1% a year on your money? Many people are…and you might be one of them! Look in your retirement plan, or 401k at work. Say we invest it in the S&P 500 Index at the end of 1999. Leave it there. You’re supposed to be a… [Read More] Is Your 401k Earning Less Than One Percent?
We’ve seen lots of articles and news pieces about the explosion of Exchange-Traded Funds, or ETF’s. Most of the opinions have been negative. In fact, one writer compared this with the flood of closed-end funds created in the late 1920’s (before the stock market crashed). My opinion: ETF’s are a great tool, and worth looking… [Read More] Exchange Traded Funds (ETF) Explosion Part II