29 Nov 2016

CalSTERs CIO Says Indexing Is Best For Individual Investors

The Chief Investment officer (CIO) of CalSTRS, the second largest pension fund in the U.S. said his fund relies more on indexing than active management primarily due to the high fees and sub-par returns associated with active management for their $192 billion pension fund. In an interview on Bloomberg TV today

Chuck Epstein 0
28 Nov 2016

Financial Professionals Must Acknowledge the Dangers of Financial Stress

For decades, investment professionals have focused on wealth management, trading, selling funds products and 401(k)s, but there has always been one glaring omission: These same professionals have intentionally avoided the millions of Americans who live paycheck to paycheck and have no savings. And since they are unable to participate in

Chuck Epstein 0
24 Nov 2016

Can “Fake” News Get Injected Into Financial Journalism?

A recent study conducted by Stanford University’s Graduate School of Education found that students could not differentiate between “fake” news, defined as sponsored content on web sites, from real news prepared by attributable journalistic sources and legitimate news outlets. Based on their study of over 7,800 middle school, high school

Chuck Epstein 0
17 Nov 2016

How Bannon Capitalized on Unpunished Housing Fraud and Helped Trump Win

In an earlier post on this site, the case was made that the American public was outraged that no one went to jail for the systematic housing fraud that happened starting in 2005 and precipitated the worst recession since the Great Depression. The resulting recession wiped out over a trillion

Chuck Epstein 0
11 Nov 2016

DNC Finally Starts Its Long Overdue Effort To Clean House

Today’s news has the following long overdue announcement from the Democratic National Committee: “Democrats have alternated between internal finger-pointing and uneasy soul searching after an intensely rocky year. The painful 2016 cycle capped eight years under President Obama that saw the party lose more Senate, House, Governor and state legislative

Chuck Epstein 0
10 Nov 2016

With Trump in Office, It’s Time for Progressive Financial Advisors to Start New Marketing Campaigns

Since the unthinkable has happened and Republicans control the White House and Congress, it’s only a question of a few short months before intense efforts start to dismantle the DOL fiduciary rule, Dodd-Frank and all other major regulations that provides transparency to individual investors. This is sad news for those industry professionals

Chuck Epstein 0
09 Nov 2016

How Unpunished Housing Fraud Helped Trump Win

The long arm of revenge has finally been felt by the Democrat Party. This is because the ongoing autopsy of the 2016 presidential election will find many real culprits, including the Democratic National Committee’s efforts to derail Bernie Sanders and bad campaign decisions by Clinton, but the festering one is that

Chuck Epstein 2
08 Nov 2016

Viewers Beware: Neoliberals Dominate Financial Broadcast Journalism

While the 2016 election is going to have serious ramifications for political journalism for years to come, it should also be noted that financial broadcast journalism is more reactionary and conservative than political journalism and is just as dangerous to average Americans. The reason is that broadcast financial journalists are

Chuck Epstein 0
07 Nov 2016

Re-Thinking Wealth Management After the 2016 Election

It’s taken for granted that an expanding economic pie is good for everyone in the financial planning and investment businesses, but given the current election dichotomy between the haves- and the have-nots, it looks like many people in these businesses are going to be voting against their own self-interests. Of

Chuck Epstein 0