Wells Fargo was recently fined for the way it handled overdraft fees and transaction processing. The practice is not uncommon in the industry and you should verify the policies of your bank to be certain of how it may affect you.
Here is the article.
The article linked below theorizes that nearly 50% of baby-boomers will outlive their retirement funds and be hard-pressed to fund more than basic retirement expenses.
Vanguard has entered the trading fee fray and will be offering free trades of its own ETFs via the Vanguard brokerage unit. If you already use them it is a nice benefit and new folks could create a solid portfolio based on some of the lowest fee ETFs around. Read Article
Here is the link to a good PBS show on how some of the market issue came into being.
It runs about an hour and is well worth watching. PBS Video
The article below talks about an IRS program that pays out substantial rewards for turning in tax cheats. With a little effort you could make a nice second income.
Read the article.
Morningstar.com is reporting that Schwab has filed the paperwork for eight new ETFs. They expect that they will offer similar coverage as a number of current funds but will have much lower expenses. Once released you may want to compare these funds with similar funds you hold and see if you can reduce your expenses while maintaining the coverage you have. It looks like Vanguard will be the toughest competitor at the listed expenses.
Read the full article here.
Recently, thestreet.com did a two-part series on what they currently consider the best ETFs. As well as this series they also link within the article to a previous article about what they consider the most dangerous ETFs for buy-and-hold investors. The series are both worth your time to read. You may get some insight about an ETF to consider either getting in to or perhaps a position to reduce or eliminate.
This PBS video is a bit dated now but is still a very interesting show. It gives some insight to how the business operates and certainly makes you think. Deregulation and marketing toward those without financial savvy has made them some serious money over the years.
Some of the issues addressed here may be mitigated by forthcoming regulations but I am sure the companies will find a new way to bring in similar revenue.
Watch the video here and let me know what you think.
There is nothing new or groundbreaking here, but it does have solid information about making your choices. It is certainly worth a moment or two of your time.
Read the article here.
He makes a lot of good points about the current environment. He isn’t overly optimistic but certainly has a realistic view. Take a moment and read the article.