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financial advisors are thieves? you are so warped dan.. your boyfriend must be knownalien from sr...
N.Y. attorney general criticizes Bush administration for not exposing insurance industry scandals.
SEATTLE (Reuters)CNN.com- New York Attorney General Eliot Spitzer, who is running for state governor in 2006, criticized President Bush's administration Monday for failing to expose illegal practices in the U.S. insurance industry.
Spitzer, who spoke to the Society of Business Editors and Writers, discussed his insurance industry investigation and other ongoing probes, including examinations of the home mortgage industry and executive compensation.
He said that despite 10 insurance industry executives having pled guilty to fraud charges and having paid more than a billion dollars in res ution, "not a word has come out of the White House about maybe there being a structural problem in the insurance industry.
"This is an industry that does drive pricing in many sectors," Spitzer told reporters. "Insurance is integral to what we do."
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Next to financial advisors, whom the Bush adminstration would love to give a portion of your retirement money to with his 'pritivization plan', there is no greater thief than a insurance salesmen.
financial advisors are thieves? you are so warped dan.. your boyfriend must be knownalien from sr...
I take great offense to that!!!
Strike 1;
Strike 2;
Strike 3;
You're Out!
Reuters must have missed the political advertisement disclaimer...
They must be thieves. Haven't you seen that the Republican sponsored Financial calcutor linked to the Dave Ramsey website says i can average 10% or more per year in the stock market with my eyes closed, as opposed to the wiimpy 3% my money currently earn in the SS. trust fund.
What the do I need a financial advisor for?
Okay, even if it's 3.25% with your eyes closed...which I do know, and you should know, is way, way, way, lowballing long-term investment performance, it still kicks Social Security's ass.
10% is too high, I agree. But, 6% isn't unreasonable and damn, even chimpmunks know 6 is bigger than 3.
sp 500 lifetime average is 8%. i say 10% can be done, but not with a high probability. but 5-8% lifetime is very realistic.
Oh, by the way Nbadan, if any long-term investment strategy nets the investor less than 3% it's because the government doesn't have any money either...we're all bankrupt...1929 all over again.
Frankly, I'd rather have control over my money. You keep giving yours to the Government if it blows your skirt to do so.
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