The market is riding a bubble. Just so you know. By summer it will most certainly will not be at 21,000.
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I think youâre begging the question. I wasnât in any way implying that the problem isnât ubiquitous. Thatâs what rules like this would be meant to solve.
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Personally, I think the DJIA could easily shave 20% if not more by 12/31/17. You can bet that receipts WILL come in re: the tourism industry. In February, tourist analysts were calling it the âTrump Slump.â By December, I donât think the moniker will get any better.
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I spit on your clients best interestsâŚ
As was so aptly said in Harry Potter, âThe Ministry has fallen, the Minister of Magic is dead.â
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They have, in fact they have twoâŚ
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Republicanism
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Conservative
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Brokers working in clients interest? How silly, theyâll never get to be millionaires if they have to worry about the client!
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No, I was asking a rhetorical question. I very much agree that the rule should remain in place. I was just expressing my cynicism about the investment industry which I think is very parasitical, with financial managers charging 2 or 3% of your assets each year regardless of how the market goes. I am in the camp of Burton Malkiel and Warren Buffet that most people should just put their money into index funds (or use one of the roboadvisor services that invest in a diversified portfolio of index funds) and forget about it.
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Oh yes, I know. I hate Trump but my net worth has increased since November 8. Iâm thinking I should start cashing out some of the gains very soon.
I have never understood this other than as allowing naked theft. I worked in financial services in CA all my life, was always held to a fiduciary standard by State legislation, and had no difficulty living with that. This is literally giving financial service providers a license to steal.
I hope it become a campaign issue in 2018. Itâs pretty easy to explain, and a clear-cut example of the difference between Democratic and Republican values.
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I know this is a crude thing to say but does Trump have a thing for dweeby looking doofuses?
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ââŚI mean, where the fuck do you think those billions are going, eh? CHA-CHING BADABING, BABY!!!â
Nominated labor secretary
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Now thatâs a face ONLY a mother could love.
His intent is written ALL over his face.
O, SURE YOU WILL.
Weâll take real-good-care of your money.
Come here, little girl, what a piece of candy.
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Brokers putting the douche in fiduciaryâŚ
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Then I wish you would inform my nincompoop Rep. Ann Wagner MO-2nd Dist. of this. She introduced the REINS Act in 2013. Sheâs the blonde one smiling bigly in the pix of Trump signing the EO. Was arguing the other night on FB with a non-constituent who worked for a financial advisor group about this.
And her biggest campaign contributors are Edward Jones and coal companies.
Not just dweeby looking doofuses, but dweeby looking doofuses with punchable faces.
Iâm not that old (59) but I remember a time when could expect your insurance company to pay a claim, when your bank worked with you and tried to help whenever possible, when a credit card company sent you a friendly reminder as a late notice and not charge a $35 late fee at 12:01 pm because they changed their payment deadline to noon on the day due instead of midnight. I remember when you paid for expert advice because you couldnât be expected to know the things that people holding specialized degrees knew, and because when you paid a lawyer, accountant, realtor, broker, etc they worked for YOU and held your interest first and foremost. It was their fiduciary duty! Con men and thieves are as old as the world, that is why regulation and licenses came to be. They wish to throw us to the wolves (even more so) and then blame us for our stupidity.