The lessons from a low-profile second-generation stockbroker who adds zeros after his clients’ wealth, not put them through a zero-sum game

I am amazed when people get excited that a big institutional investor is buying some stock in a big way. I have seen it in bond markets too. The dealer will come in and say, ‘Citi is buying’, implying that if Citi is a buyer, there has to be something...

At last, financial advisors have to actually offer a service and you have to pay for it

There is turmoil among financial advisors. Until now, most fund houses used to pay distributors from the entry load and other upfront loads charged to investors. Suddenly, this tap has been closed. Since a new fund offering (NFO) could gouge 6% from the investors, NFOs were the most-sold products....