For those experiencing concerns over a 360 point in the Dow Jones Industrial Average, the decline needs be put into proper context. Wednesday’s
Of Fiduciaries and Conflicted Advice: A Guide to Terminology
“Best interest” and “suitability” standards, “conflicted advice,” brokers, advisers, planners. These are all terms that have meanings—some quite specific and some fairly loose. A suitable investment isn’t necessarily in your best interest. An adviser may be nothing more than a salesman.
Consumers Want More Financial Advice from Banks
Consumers see their banks as more of a stressful utility, rather than a financial advisor. According to the Future of Money report released by Cognizant, banks are not proactive with the financial needs of their consumers; 90% of consumers surveyed stated that they primarily deal with their bank for simple transactions only. 'Simple transactions' exclude any discussion around financial health, including insurance coverage or retirement savings, according to the report, which surveyed about 3,000 consumers in the United States and the United Kingdom. The report also concludes that consumers are keenly feeling the lack of financial advice, especially as they often
Tres Chic! $20M Florida Mansion Has Closet Modeled After a Chanel Boutique
This home's 600-square-foot closet was designed by the same person who designs Chanel boutiques worldwide, and it's truly mind-blowing.
Should You Hold Bonds or Bond Funds When Interest Rates Rise?
Bond investing in a rising interest rate environment requires careful thought. Here are some things to consider about bonds and bond funds.