Michael Batnick, CFA, wrote this week on his The Irrelevant Investor blog about the ugly implications of today's 30x S&P 500, should the irrepressible force that is reversion to the mean take hold:
2Q17 CIO Commentary
Meet the New Fiduciary Rule — Why You Still Can't Trust Your Financial Adviser
Meet the Department of Labor's new Fiduciary Rule. Although it goes live today, don't get too used to it. The DOL isn't really enforcing it yet and it will likely gut it before it begins doing so. Caveat emptor remains the name of the game for retail investors.
5 Steps to Learn How Much You Pay in Investment Fees
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.
