It's not about commissions... It's about whose interests the advisor is supposed to serve. There's a class action suit filed recently, illustrating the issue. If you google Wells Fargo and ERISA, you will find stuff.
Donald Trump Plans to Undo Dodd-Frank Law, Fiduciary Rule
- Thread starter Nighthawk
- Start date
Because, like used car salesmen, they will only push bad products on unwitting customers if they have a commission incentive. If you could do the research yourself you wouldn't even be hiring them.
The whole point of having a fiduciary is that you should be able to trust that they'll help you, not that they'll help themselves at the expense of your alpha.
By definition all bubbles burst, the only question is when
Yeah its that simple lol, like comparing two speakers on the shelves of bestbuy, total risk a few hundred bucks.
Stop complaining! You are on EliteTrader for a reason. And this reason is to make profits for you! If you want to make everybody else happy: become a politician! ;=)
This must have been a hell of a joke! :=) Referring to the picture....
Good times for the working man. His insurance safety net is gone, his kids' schools could be gutted, and now his retirement will be siphoned away.
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Look on the bright side, though, Gary Cohn got a super sweet deal (accelerated vesting, etc) AND Goldman stock has been on a proper tear. I am sure it's gonna trickle down to the working man eventually.
