Evidently, “Wall Street equity capital market professionals– the ones responsible for pricing IPOs. When it came to their personal accounts, they never saw a share they liked.” or so reports Evan Newmark in his “Mean Street - the Secret of My Investing Success” article appearing in today’s (6.05.08) Wall Street Journal.
“Their Problem” (as Newmark points out in his article) is that “They were the line foremen at the giant Wall Street sausage factory. They knew what went into the sausages, how they were cured, packaged and sold–and wanted no part of it.”
The article focuses on the value of “Index Funds” and points out the glaring “gobbledygook of buried expenses and fees”, “inappropriate benchmarks”, “incomprehensible”, “blended returns”, that “well-respected money-management firm(s)” employ today.
I reference the WSJ article to bring to your attention yet another one of Wall Street’s -do as I say, not as I do - duplicitous sales mantras!
In addition to evaluating Index Funds - I encourage you to find out more about alternative investing - and how - self-directed IRAs - for example, can provide you with powerful, wealth-building dynamics - with assets you (and not Wall Street) control!
How can you find out more about self-directed IRAs and other aspects of alternative investing?
AltBridge.com provides unbiased information on alternative investing and access to a network of third-party, Professional Service Providers who can help.
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