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Beware of Broker Conflict of Interests
Reading Time: 4 minutes
Forbes recently ran an article worth reading: “Ten Ways Brokers Pick Pockets”: Arbitration is how disgruntled investors usually have to bring their complaints against brokers. In 2005, 6,074 cases were filed, the majority of which dealt with breach of fiduciary…
Signs Your Financial Advisor Is No Good
Reading Time: 5 minutes
Marketwatch recently ran an article on signs that your financial advisor is no good. Here are some of their signs I found particulary important: 2. Refuses to disclose free arrangements Some advisers are squarely focused on investments that make the…
Suze Orman: Say ‘No’ to Financial Advisors Who Work on Commission and Sell You B-Class Mutual Funds
Reading Time: 4 minutes
In an article posted today on Yahoo! Suze Orman writes: A financial advisor who makes all of his or her money on commission for the investments you buy and sell obviously has an interest in getting you to do alot…
Stocks Trade Down on Inflation Worries
Reading Time: 3 minutes
Before the open of the market yesterday (Wednesday) The Labor Department announced (subscription required) that core inflation (“core” excludes food and energy) increased .256% from December to January. Core prices were 2.7% higher compared with last January. The Fed’s desired…
Gold Approaches $700
Reading Time: 2 minutes
Gold closed at $695.80 today according to Bloomberg. Peter Grandich, editor of the Grandich Letter, wrote (subscription required): A near perfect storm has aligned both technically and fundamentally for gold. A test of the 2006 highs around $735 is not a…
Are We In a Recession Right Now? – Real (Or Not So Real) GDP Grew at 1.3% in 1st Quarter
Reading Time: 2 minutes
I did want to follow up on my post about preliminary 1st quarter 2007 Real GDP which the Commerce Department reported as 1.3% before the open last Friday. To answer my question, “Does The Economy Matter?”, the answer, at least…