Share buybacks are at all time highs in the US, and they are getting an unfair bad rap from some commentators. AQR’s Clifford Asness shoots down the arguments of the share buyback critics in a recent WSJ editorial. Then I add my two cents to the subject.
The Wall Street Journal's Jason Zweig writes "The burden of finding someone who will act in your best interest is on you. That means asking an adviser the right questions (and listening for the best answers). I encourage you to clip or print out this column and bring it to your next meeting with your financial adviser."
We answer Zweig's 19 questions.
Quick. How much do you pay in investment fees? If you don't know, you're probably in the majority. But it's not your fault, you're busy with work and family, and if you have an investment adviser, he or she probably doesn't make it easy for you to know what you're paying. That's exactly what Andrea Fuller, an investigative reporter for The Wall Street Journal, found out when she tried to figure out how much she pays in investment fees.