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Saturday, June 25, 2011

Why Your Broker Doesn't Put You First | MarketRiders Blog

Why Your Broker Doesn't Put You First | MarketRiders Blog

Saturday, July 03, 2010

Forbes.com - Magazine Article

And the beat goes on...
Forbes.com - Magazine Article

Saturday, May 01, 2010

Tuesday, November 24, 2009

W. Scott Simon Has a Problem with Most 403B Plans

If you need something to read this Thanksgiving holiday, Simon's seven part series on the woes of 403b plans should keep you busy.


Enjoy!

Saturday, April 18, 2009

CNBC: THE Financial Pornography Network



I loved this quote about 401k investing and investors: "They just don't have the time and they just don't understand unfortunately." This is the reason that the majority allow their portfolio to be eaten alive by the high fees of the vast MAJORITY of retirement plans. Unfortunately, most teachers 403b plans have even higher fee structures than 401k plans.

Dan Solin got the best line in, "We need less Cramer and more Bogle!" No doubt that trading is not in the best interest of long-term investors, but don't expect CNBC to change its trading over investing mindset.

Overall, CNBC did next to nothing to better inform investors in this piece. Dan Solin did not get to clarify what he thought investors should do. I am sure he would have said, "Determine your asset-allocation, buy a portfolio of index funds that represents your desired asset-allocation, and buy it as cheaply as possible."

Unfortunately, it is very hard to get rock-bottom costs in most retirement plans. Financial services professionals like to avoid talking about fees because that is what butters their bread.