Image Credit: Alex Nabaum By Jason Zweig | April 19, 2019 12:00 p.m. ET Bit by bit, the myth of the “dumb money” is dying. For decades, Wall Street has derided individual investors as ill-informed, fickle and hapless. Instead of buying and holding, or buying low and selling high, the “dumb money” blindly chases performance, buying high and...Read More
Fidelity’s Index-Fund Bashing Misses the Mark
Image Credit: Alex Nabaum By Jason Zweig | April 12, 2019 12:24 p.m. ET Sometimes, what research shows is less telling than what it doesn’t show. Consider a recent study from Fidelity Investments that has been circulating widely among financial advisers. It indicates that index, or passive, funds—those popular investment baskets that run...Read More
You Pay for Netflix and Spotify Monthly. What About Financial Planning?
Image Credit: Rob Wilson By Jason Zweig | April 5, 2019 11:30 a.m. ET How you pay for financial advice can be as important as how much you pay. On March 28, Charles Schwab Corp., the discount broker and investment-advisory firm, launched what it calls Schwab Intelligent Portfolios Premium. After an initial $300 fee, the service costs $30...Read More