HintBox

10/26/2016

Just wait....this is just around the corner......https://www.google.com/url?hl=en&q=http://blogs.wsj.com/moneybeat/2016/09/09/its-not-creepy-its-the-future/?cb%3Dlogged0.7635249927312344&source=gmail&ust=1477544793060000&usg=AFQjCNHlew2oaBkAydegXMI8uOZ1TXBGFw

Your next financial adviser might be a centaur -- not half-human, half-horse, but half-human, half-machine.

10/17/2016

According to DalBar: “For the 30 years ended December 31, 2015, the S&P 500 index produced an annual return of 10.35%, while the average equity mutual fund investor earned only 3.66%.”

The gap of 6.69 percentage points represents the diminished returns.

Recovering a portion of this shortfall would mean hundreds of billions of dollars earned by investors.

10/17/2016

“While Americans are not expected to manage their own legal or medical conditions, they are expected to manage their own finances. To be sure, the rise of the independent and empowered consumer rests on the belief that they have the requisite knowledge to be up to the task. But is it reasonable in such a system to expect people to succeed? Economists examining financial literacy would say no. According to research, the vast majority of Americans lack the basic level of financial literacy.”
..by contrast, being financially savvy has clear payoffs. Those with higher levels of financial literacy are more likely to plan for retirement, make better investment decisions, refi mortgages at optimal time and manage debt better.”

The Atlantic, Marianne Cooper, May 2, 2016

http://www.theatlantic.com/business/archive/2016/05/financial-literacy/480807/

Blame the system.