Investors may be overly positive as the threat of recession rises. Liz Ann Sonders and her team at Schwab offer analysis on the current economic trend. With tax season here, there’s been an increase in financial scams. Consumer Reports summarizes the two main types of scams and describes how to protect yourself. How can you tell if your financial advisor is a true fiduciary? There are five key characteristics to look for, according to Mindy Diamond of Diamond Consultants.
Schwab Market Perspective: Overcorrecting The Correction? — As is often seen in investing, we believe the pendulum swung too far in the negative direction for equities late last year, but now may have swung a bit too far in the positive direction. U.S. economic data has deteriorated and the threat of recession, while still relatively low, has risen. Read more...
Scams To Avoid This Tax Season — If the phone rings and you think the person on the other end of the line is an impostor, you’re probably right. The Federal Trade Commission just issued a report stating that in 2018, for the first time, impostor scams topped its list of consumer complaints. Such scams, which include those from fraudsters claiming to be from the IRS, the Social Security Administration, and other government agencies, try to get people to turn over personal information as well as money. Read more…
What Makes A Financial Advisor A ‘True’ Fiduciary? — While wirehouse advisors may have every intention of acting as a fiduciary and making decisions with their clients’ best interests in mind, the very nature of working for a big brokerage firm often makes it impossible for them to do so. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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