Wednesday, April 6, 2016
"Investors might be "abandoned" : Tales from Normal, Mn: FICTION
The bass fishermen met this morn to celebrate the election results from last night, and were amused by the side story that some major New York investment firms were warning that if the new "fiduciary standards" legislation is passed for retirement accounts that the result would be that small accounts all across this land would not be worth the time of predatory brokers to deal with....sweet....the bass fishermen cannot wait...no more large fees, just robots now to serve them...and with the automated accounts the fees are prominently displayed on the portfolio account...how refreshing is that?
Bring it on...let the abandonment be good....
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