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Lying by Omission
Episode 1005
Please forgive the audio quality. We had a glitchy live Saturday show.
Once again, we discuss the latest scandal involving the misleading sale of annuities in teachers retirement plans (again). The bottom line is the fact that those who sell investments don't want you to know what you are actually paying them. However, there are a very few financial advisors who disclose costs up front. Plus, are financial publications becoming shills for salespeople?
Listeners ask:
- Is there anytime when buying a commissioned myutaul fund makes sense?
- What do we think of his portfolio?
- Did a broker mistreat an older client with an annuity sale?
- Which bond fund do we prefer?
Published on 3 years, 5 months ago