For fifteen years, the financial industry told retirees to accept 1% and 2% yields and be grateful. Now that rates are back near 4%, those same money managers want a pat on the back for rediscovering the 60/40 portfolio. I am not impressed.
These Wall Street analysts keep changing their ‘base case’ on live television and the media treats it like serious financial guidance. I’m done being polite about this. It’s a con.
Ameriprise is handing advisors a $1,000 check to offload their smaller clients into a rebranded call center, and they have the nerve to pitch it as a service upgrade. I have been calling out this exact scam since 2000.
A generation is going broke trying to look rich online, and the financial industry is more than happy to hand them the credit card to do it. I have been sounding this alarm since 2004, and it has never been more relevant.
Wall Street’s ‘base case’ S&P forecasts are not analysis. They are a confidence game designed to keep you glued to CNBC and calling your broker. I’ve been watching this racket my entire career and it never changes.
There are two kinds of zombie companies rotting away inside American portfolios right now, and Wall Street has been happily selling both of them for years. I am going to break down exactly how these corporate corpses get built, how they stay standing, and why rising rates are finally about to expose them.
Social Security is already staring down a 25% benefit cut and Congress just introduced a bill that would empty the tank even faster. Welcome to Washington, where the solution to a sinking ship is to cut more holes in the hull.
The financial media complex has spent years selling you on fast money, hot trades, and momentum plays while quietly knowing that boring, patient investing beats them every time. Even one of the biggest names in the trading world finally admitted it.
The retirement industrial complex has decided that you living a longer, healthier life is officially a problem. They have given it a name, longevity risk, and they are using it to sell you products you probably do not need.
The retirement industrial complex has decided that you living a longer, healthier life is officially a problem. They have given it a name, longevity risk, and they are using it to sell you products you probably do not need.