"The situation is shocking - and no one is more astonished than me. My firm, one of the largest and best-known investment advisory firms in the nation, has placed $4 billion of our clients' assets into retail mutual funds. On my radio and TV shows, through my books, newsletter, website and seminars, I've been the retail mutual fund industry's biggest proponent. For more than twenty years I've said that mutual funds are the best way to save for college, retirement, and every other important financial goal you can name.
No longer. Jean and I have now sold all our investments in retail mutual funds. All my colleagues at Edelman Financial have done likewise, and our clients are following our advice. You need to sell all your retail mutual funds, too."
From page 3 of; The Lies About Money, by Ric Edelman
You need to sell all your retail mutual funds, too.
Just a thought. Good advice, in the Holiday Spirit of Giving.
Oreo Cherry Chocolate Chip - Easy Kraft Recipes
6 years ago
No comments:
Post a Comment