When not to buy stocks

You don't want to buy US stocks right now. If you own them, be prepared for a deep downturn or long period of very low returns, or more likely both. To value an investment is to assess its likely returns over a holding period. Very few in the financial profession take a…

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You want a fiduciary, not a salesman

You're paying for loyalty - make sure you're getting it. If you're paying someone for advice and investment management, his only compensation should be what you pay him, the advisory fee. 0.75 to 1.5 percent per year is fair, depending on account size. Obligations are structured by payments, and his only obligations should be to…

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