Here are summaries of three important news stories affecting your money and finances…
1. Investment brokers fight rule to favor best interests of clients
Did you know that brokers are not necessarily required to act in your best interest – even if it’s your retirement savings at stake?
The investment industry – from large Wall Street firms to small independent financial representatives – is spending millions of dollars to fight a rule that would require a broader group of brokers and planners to put their clients’ interests ahead of their own.
The Labor Department said it would release the proposed rule in January, but has already indicated it may miss that deadline. That’s not the first delay on this, though. The rule was originally introduced in 2010 and was rescinded the following year after brokers and lawmakers protested. Wow!
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Bank On Yourself”
Judging by the questions we’ve been getting from subscribers, there’s a good chance you may have missed one or more of these recent important stories…
1. Why You Need Dow 32,000 TODAY
With the stock market hitting record highs on an almost daily basis, you may be thinking it’s time to throw caution to the wind and go “all in.”
Before you do, check out this article showing why the Dow would have to be over 32,000 right now – TODAY! – to give you just a 5% annual return since May, 1999… after adjusting for inflation.
Even with the Fed’s massive continuing stimulus propping up the stock market, that’s still more than DOUBLE where the Dow is today.
Get the facts and see the proof here.
2. Consumer Alert! Video Reveals the Scary Truth…
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