A tribute to the countless sailors lost to the deep, like the 29 souls of the freighter SS Edmund Fitzgerald, lost on November 10th, 1975.
And a solemn farewell to Gordon Lightfoot, who sang their song.
https://t.co/37yqiCLeNF
@behaviorgap I don’t follow….. I don’t see how that is possible? Wouldn’t any meaningful type of planning have to further inform someone’s lives?
Wouldn’t it only get in the way if they didn’t want or need planning?
@DanielYerger3 I think it’s pretty apparent…
…. Most firms are terrible at creating career paths and/or training people.
Additionally, firms that are not built on the sell stuff model have a huge opportunity to create new career paths that traditionally didn’t exist in servicing.
In 1970 the American middle class received 62% of the country’s aggregate income; today it’s 42%. The top 1% now owns 32% of our nation’s wealth, and the bottom 50% owns 3%. America has never been so disdainful of its workers.
@JKembikian@markcecchini Wait….. I do not think they neglect them. I think they are more concerned with problems / opportunities that are more than $5k-$15k.
And /Or tied into a crappy provider bundling business services like payroll etc. so there is a perception of additional value.
@markcecchini Do you think the small business owner is coachable, educated and interested and able to shop a 401k? It cost money to get in front of the business owner. I see the room for improvement like you. I also see the reality business development / service / delivery is expensive.
@RubinJMiller The assumption since advisor’s, can’t beat the market. Advisor investment advice is not worth a fee.
Therefore, perpetuating a false truth, that the common investor can always beat a professional.
Advisors don’t have to beat the market. They just need to beat the client.
@RubinJMiller The mass assumption low fees are more important than anything else.
The mass assumption index funds are all the same and asset allocation doesn’t really matter.
The mass assumption anyone can just buy cheap index funds and be a successful investor.