Millennials are probably tired of hearing that theyre not doing as well as their baby-boomer parents. But with every 1,000-point drop in the Dow Jones Industrial Average, their fortunes are brightening.
Sure, discount brokers may sell products that make them the most money, but thats not what they tell investors. For decades, they've marketed themselves as an alternative to the widespread conflicts on Wall Street.
The fiduciary rule is another disclosure rule -- without it, firms wont give investors the information they need, because they profit from keeping their clients in the dark.
The best time to save for retirement is when we begin our careers, but that's when most of us have no money. Here's what the government and employers can do to help.
Poor millennials. Up to their ears in student debt. Facing stagnant wages. Beset by obscene housing costs in the big cities where they are most likely to land a job if they can land a job, that is.
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"author": {
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"articles": [
{
"uri": "/2018/02/13/millennials-born-under-bull-sign-should-embrace-be/",
"title": "Millennials, born under bull sign, should embrace bear",
"byline": " Nir Kaissar ",
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"prettyDate": "February 13, 2018",
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"summary": "Millennials are probably tired of hearing that theyre not doing as well as their baby-boomer parents. But with every 1,000-point drop in the Dow Jones Industrial Average, their fortunes are brightening.",
"body": null
},
{
"uri": "/2018/01/17/discount-brokers-act-like-wall-street-on-fee-confl/",
"title": "Discount brokers act like Wall Street on fee conflicts",
"byline": " Nir Kaissar ",
"kicker": "",
"prettyDate": "January 17, 2018",
"timeToRead": "4 minute",
"image": {
"uri": "",
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"authors": [
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"kickerNode": [],
"summary": "Sure, discount brokers may sell products that make them the most money, but thats not what they tell investors. For decades, they've marketed themselves as an alternative to the widespread conflicts on Wall Street.",
"body": null
},
{
"uri": "/2017/08/16/fiduciary-rule-critics-cry-wolf-about-hurt-investo/",
"title": "Fiduciary rule critics cry wolf about hurt investors: Nir Kaissar",
"byline": " Nir Kaissar ",
"kicker": "",
"prettyDate": "August 16, 2017",
"timeToRead": "4 minute",
"image": {
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"authors": [
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"kickerNode": [],
"summary": "Critics of the fiduciary rule are crying wolf when they express fear that investors will be hurt by the rule.",
"body": null
},
{
"uri": "/2017/05/25/calpers-shows-need-for-disclosures-like-fiduciary/",
"title": "CalPERS shows need for disclosures like fiduciary rule",
"byline": "Nir Kaissar",
"kicker": "",
"prettyDate": "May 25, 2017",
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"image": {
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "The fiduciary rule is another disclosure rule -- without it, firms wont give investors the information they need, because they profit from keeping their clients in the dark.",
"body": null
},
{
"uri": "/2016/10/11/this-brokerages-efforts-to-adjust-to-the-fiduciary/",
"title": "This brokerage's efforts to adjust to the fiduciary rule deserve praise",
"byline": " Nir Kaissar ",
"kicker": "",
"prettyDate": "October 11, 2016",
"timeToRead": "4 minute",
"image": {
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"authors": [
{
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],
"kickerNode": [],
"summary": "Lets applaud Merrills efforts to adjust to the DOL fiduciary rule.",
"body": null
},
{
"uri": "/2016/06/14/retirement-investings-magic-number-is-16500/",
"title": "Retirement investing's magic number is $16,500",
"byline": "Nir Kaissar",
"kicker": "",
"prettyDate": "June 14, 2016",
"timeToRead": "4 minute",
"image": {
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},
"authors": [
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"kickerNode": [],
"summary": "The best time to save for retirement is when we begin our careers, but that's when most of us have no money. Here's what the government and employers can do to help.",
"body": null
},
{
"uri": "/2016/05/20/yes-401ks-are-badly-broken-lets-fix-them-now/",
"title": "Yes, 401(k)s are badly broken: Let's fix them now",
"byline": "Nir Kaissar",
"kicker": "",
"prettyDate": "May 20, 2016",
"timeToRead": "5 minute",
"image": {
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},
"authors": [
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],
"kickerNode": [],
"summary": "The 401(k) plans today are a far cry from what their originator, Ted Benna, had in mind. Here's how to fix them.",
"body": null
},
{
"uri": "/2016/05/03/dont-let-mckinsey-scare-you-millennials/",
"title": "Don't let McKinsey scare you, millennials",
"byline": "Nir Kaissar",
"kicker": "",
"prettyDate": "May 03, 2016",
"timeToRead": "5 minute",
"image": {
"uri": "",
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},
"authors": [
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],
"kickerNode": [],
"summary": "Poor millennials. Up to their ears in student debt. Facing stagnant wages. Beset by obscene housing costs in the big cities where they are most likely to land a job if they can land a job, that is.",
"body": null
},
{
"uri": "/2016/04/04/can-calpers-live-with-responsible-investment-retur/",
"title": "Can CalPERS live with responsible investment returns?",
"byline": " Nir Kaissar ",
"kicker": "",
"prettyDate": "April 04, 2016",
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"uri": "",
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"authors": [
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],
"kickerNode": [],
"summary": "Whats causing CalPERS to rethink ESG investing?",
"body": null
}
]
}
}
