As stock prices trend lower, investors are looking at the long term prospects for the markets. Robert Doll of Nuveen Investments offers market analysis on what is driving equities downward, and how long the trend may last. Three-quarters of investors don’t understand the difference between the services of a fiduciary investment advisor and those of a broker, or how the difference affects their 401(k). They may learn soon, however, as a new rule would require brokers managing retirement accounts to accept the fiduciary standard. Alex Padalka explains the proposed standard for brokers and why so many feathers are ruffled among large financial institutions. You can improve your financial security by not giving out your social security number in certain places. Clark Howard provides the details.
Equities Retreat, But Long-Term Prospects Should Improve – Robert Doll, Chief Equity Strategist at Nuveen, expects equity prices will be driven by a better corporate earnings environment and upward movement in U.S. interest rates. Rising rates have the potential to be disruptive in the near term for equities, but should the rate increase occur in an orderly manner, he thinks it will be perceived as an acknowledgement of improved economic conditions. This should provide a solid backdrop for earnings. Read more…
Attacks On DOL’s Fiduciary Rule Not Based On Facts– The Department of Labor’s proposal to impose the fiduciary standard on brokers managing retirement accounts has ruffled many feathers. By the end of the comment period, July 21, several industry groups and large financial institutions had attacked the proposed rule as unnecessary and too costly to smaller clients. But these attacks stem from several fictions the brokerage industry conveniently chooses to favor over facts, writes the president of the Public Investors Arbitration Bar Association. Read more…
Don’t Give Your Social Security Number At These Places– When should you give your Social Security number and when should you not? Clark Howard’s rule on giving out his Social Security number is that he doesn’t do it, unless he knows it’s absolutely, positively required for what he’s doing. He explains in this article. Read more…
We hope you enjoy reading these articles along with us and that you find them informative. Please forward this to your friends and family.
John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller