New York Discovers Wall Street Charges Fees
Some good numbers in here about how much in fees you should tolerate. For reference, most consumer bank accounts today pay 0.1% interest, at best, and not including their fees.
Posts tagged 'finance'
Why a Harvard Professor Has Mixed Feelings When Students Take Jobs in Finance
People who go into finance aren’t bad people, they’re just misguided. Kidding aside, rationally (meaning translated to pay), our society tells people that finance is one of the most important possible fields to go into. And lack of regulation translates to any means necessary. From the article: “talented people become what we economists call “rent seekers.” Instead of creating wealth, rent seekers simply transfer it — from others to themselves.”
How hedge funds work
Say no to fees and unnecessary friction on our money.
Asset Allocation for Muppets with a 401(k)
Lazy? Check. Need to do something sane with my (little) savings? Check. This strategy makes sense to me, especially after looking at the total returns for 8 lazy portfolios, couch potato cookbook, and other sources. I think I might be convinced to get past my paralysis, pick a strategy, and implement it.