Good old Bawney and Chris. Pushed through this dastardly legislation as they were leaving. They were responsible for the melt down when they said Freddie and Fanny were financially sound. Not so much as we found out.
TrumPolar, the Dems did a lot of damage to the country in the past 8 years and Republicans have to fix all that damage. Interesting that the sore losers want instant results to fix the damage and put the nation back on track. It is a good thing that we have smart people in charge now who will do the job given time.
I didn’t check on what changes will be made after the roll back.
I assume most people who are smart enough to make money to invest will also be smart enough to ask the right questions when screening a fiduciary financial advisor.
Libitterals are turning out in full force on the internet these days to cry out for financial advisor VETTING, but won’t accept the TrumPresident exec order to temporarily halt immigration from 7 dangerous nations because of inadequate VETTING.
Those same Libitterals couldn’t care less about the long term welfare of our VETS, but are welcoming in ILLEGAL ALIENS and giving them BENEFITS that some US citizens aren’t eligible for in the same circumstances.
Rahm left OBama side early on so he could run Chicago into the ground. So its not really fair to blame him for the federal level issues.
One the news this Am in Chicago, two children were assaulted on their way to school.
Trump needs to contact Fr Flager, not any of these knuckle heads that just jump in front of a camera. Flager is the real deal. He is plugged into the worst neighborhood.
FFA, I saw where Rahm was asking for a meeting with our new President to discuss the huge crime problem in Chicago. What do you think he will say? My guess is “HELP”! Not sure he will get much unless he says he will stop being a sanctuary city voluntarily.
“Trump also will halt another regulation that requires advisers on retirement accounts to work in the best interests of their clients.”
I’d like to hear Agent or TrumPolarBear advise why requiring your retirement account adviser work in your best interest is a bad thing.
Trump adviser Gary Cohn — the guy who raises a foot on top of subordinates’ desks when speaking to them — said “This is like putting only healthy food on the menu, because unhealthy food tastes good but you still shouldn’t eat it because you might die younger.”
That doesn’t strike me as a very good justification.
“Your retirement adviser should be able to screw you over and recommend horrible investments which are adverse to your best interests” seems like a really bad idea.
How is that “draining the swamp”? Seems more like pouring toxic sludge into a pool.
I can’t imagine a situation where it’s preferable for financial advisers to be doing business in anything except their client’s best interest.
It would be like allowing a butcher to sell bad meat, and put the onus on each and every customer to ask for each cut’s date of slaughter, date of expiration, the health of the animal pre-slaughter, city of origin, whether it was kept refrigerated the whole time, and whether or not the butcher has Hepatitus A.
Clients should be able to assume a financial adviser is working in the customer’s best interest just like customers should be able to assume a base level of cleanliness for foodservice.
You just don’t like the analogy – it was actually a great one: both situations rely on expert’s advice under the presumption that the expert is not going to act in their own self-interests while simultaneously and intentionally harming their customers (either physically or financially).
February 8, 2017 at 7:15 am
TrumPolarBear says:
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If you think it was a good analogy, it must not be.
February 13, 2017 at 10:58 am
Agent says:
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TrumPolar, I wonder how many investor’s asked Bernie Madoff what his qualifications were before investing with him.
February 7, 2017 at 12:43 pm
Captain Planet says:
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45 doesn’t even know what he’s signing. The guy can barely read. Sad. So sad.
He got to be a billionaire by first being born into money, then robbing people to get more. Then he racked up more debt than he is worth (from foreign banks, because U.S. banks won’t lend to him anymore). His net worth is less than zero; that’s why he won’t release his tax returns.
Why do the financial industry advisers hate that on retirement accounts they are supposed to work for the best interest of their clients? Isn’t that a given that they would take care of and work for the best interest of their clients? Whose interest are they working for?….their own?????
Good old Bawney and Chris. Pushed through this dastardly legislation as they were leaving. They were responsible for the melt down when they said Freddie and Fanny were financially sound. Not so much as we found out.
It’s a toss up as to which Dems did the most harm to the US economy; Dodd & Frank or Obama, Jarrett, Emmanuel, Gruber, Pelosi, & Reid (ACA).
TrumPolar, the Dems did a lot of damage to the country in the past 8 years and Republicans have to fix all that damage. Interesting that the sore losers want instant results to fix the damage and put the nation back on track. It is a good thing that we have smart people in charge now who will do the job given time.
I didn’t check on what changes will be made after the roll back.
I assume most people who are smart enough to make money to invest will also be smart enough to ask the right questions when screening a fiduciary financial advisor.
Libitterals are turning out in full force on the internet these days to cry out for financial advisor VETTING, but won’t accept the TrumPresident exec order to temporarily halt immigration from 7 dangerous nations because of inadequate VETTING.
Those same Libitterals couldn’t care less about the long term welfare of our VETS, but are welcoming in ILLEGAL ALIENS and giving them BENEFITS that some US citizens aren’t eligible for in the same circumstances.
Rahm left OBama side early on so he could run Chicago into the ground. So its not really fair to blame him for the federal level issues.
One the news this Am in Chicago, two children were assaulted on their way to school.
Trump needs to contact Fr Flager, not any of these knuckle heads that just jump in front of a camera. Flager is the real deal. He is plugged into the worst neighborhood.
FFA, I saw where Rahm was asking for a meeting with our new President to discuss the huge crime problem in Chicago. What do you think he will say? My guess is “HELP”! Not sure he will get much unless he says he will stop being a sanctuary city voluntarily.
“Trump also will halt another regulation that requires advisers on retirement accounts to work in the best interests of their clients.”
I’d like to hear Agent or TrumPolarBear advise why requiring your retirement account adviser work in your best interest is a bad thing.
Trump adviser Gary Cohn — the guy who raises a foot on top of subordinates’ desks when speaking to them — said “This is like putting only healthy food on the menu, because unhealthy food tastes good but you still shouldn’t eat it because you might die younger.”
That doesn’t strike me as a very good justification.
“Your retirement adviser should be able to screw you over and recommend horrible investments which are adverse to your best interests” seems like a really bad idea.
How is that “draining the swamp”? Seems more like pouring toxic sludge into a pool.
I’m smart enough to ask a financial advisor if he/ she is qualified to be, and will act as a fiduciary.
Aren’t you?
That’s all I need say, unless you have some other dumb libitteral talking points you want to cut and paste.
Not all “qualified” financial advisers work in the best interest of their clients.
As someone who has been affected by an unscrupulous broker, this concerns me.
Didn’t ask if your advisor was a fiduciary? If not, why not?
I can’t imagine a situation where it’s preferable for financial advisers to be doing business in anything except their client’s best interest.
It would be like allowing a butcher to sell bad meat, and put the onus on each and every customer to ask for each cut’s date of slaughter, date of expiration, the health of the animal pre-slaughter, city of origin, whether it was kept refrigerated the whole time, and whether or not the butcher has Hepatitus A.
Clients should be able to assume a financial adviser is working in the customer’s best interest just like customers should be able to assume a base level of cleanliness for foodservice.
Nope. Bad analogy. Try again.
Your other points are valid. Ask and if there is any hesitation to answer the questions, move on to another FA.
You just don’t like the analogy – it was actually a great one: both situations rely on expert’s advice under the presumption that the expert is not going to act in their own self-interests while simultaneously and intentionally harming their customers (either physically or financially).
If you think it was a good analogy, it must not be.
TrumPolar, I wonder how many investor’s asked Bernie Madoff what his qualifications were before investing with him.
45 doesn’t even know what he’s signing. The guy can barely read. Sad. So sad.
How did he become a billionaire?
That is a simple stumper that Libitterals never can get beyond.
@Planetoid:
Are you a billionaire, yet? No? How soon will you become one?
He got to be a billionaire by first being born into money, then robbing people to get more. Then he racked up more debt than he is worth (from foreign banks, because U.S. banks won’t lend to him anymore). His net worth is less than zero; that’s why he won’t release his tax returns.
LOL! Got any other funny stuff to add?
@Shirley Kidding:
HOW MUCH did TrumPresident inherit?
What portion of a billion dollars is that?
How much did John F. Kennedy inherit? How did the source of the inheritance make that fortune? Did that violate any laws?
TrumPolar, JFK’s old man made his fortune bootlegging during Prohibition.
The Swiss know a little something about money investing. They also know a lot about 45:
https://www.youtube.com/watch?v=lcHpLnCp8VE
porn video warning!
You obviously didn’t click the link.
You’re a liar and not a very good one at that.
You are a troll and not a very good one at that. No wonder Bob gave up trying to talk sense to you.
Put the Fiduciary on the backs of Brokers.
Break up the banks and make them separate from the financial industry once again. Or, regulate them, so they have to break up.
Why do the financial industry advisers hate that on retirement accounts they are supposed to work for the best interest of their clients? Isn’t that a given that they would take care of and work for the best interest of their clients? Whose interest are they working for?….their own?????