Archive for June, 2019:

Conflict of Interest

Written on June 25th, 2019 by Jamesno shouts

If your advisor is selling you an investment that he/she makes a commission on, there will always be an inherent conflict of interest.  Is the investment good for the client or better for the advisor’s wallet?  This is a more extreme case where investors lost a lot of money, but I’m sure that the advisors were attracted to the 9% commission payout:

https://www.investmentnews.com/article/20190624/FREE/190629964/gpb-paid-b-ds-and-reps-steep-commissions-to-sell-troubled-private

Filed under Miser Tip Tags:

Do you really want that big house in retirement?

Written on June 19th, 2019 by Jamesno shouts

Interesting article from the WSJ:

https://www.wsj.com/articles/a-growing-problem-in-real-estate-too-many-too-big-houses-11553181782?mod=e2tw

Filed under General Tags:

It just never seems to change

Written on June 11th, 2019 by Jamesno shouts

You would think that folks would learn that there is no free lunch and that no investment person can guarantee returns.  However, folks still learn the hard way.

ps.  No regulated investment professional can accept your investment money via Venmo!

SEC Seeks Emergency Relief to Halt Ponzi Scheme Run From College Fraternity House

 

 

Filed under Miser Tip, Personal Finance Tags: