Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what it takes to be a “401(k) millionaire.”
Quote of the Day
"Penny stocks are never worth it: the only way to consistently make money in penny stocks is to be a sleazy boiler-room pump-and-dump merchant. "
(Felix Salmon)
Robo-advisors
- Barnes & Noble put the local bookstore out of business. Robo-advisors will do the same to advisors. (thinkadvisor.com)
- On the state of robo-advising including which VCs are investing. (medium.com)
- Robo-advisor Betterment now has $3 billion in AUM. (washingtonpost.com)
- Merrill Lynch is going to get into the robo-advising game. (bloomberg.com)
- Don't call it robo-advising call it "algorithm-driven investments." (washingtonpost.com)
- Financial Engines ($FNGN) is expanding into brick-and-mortar with the acquisition of The Mutual Fund Store. (investmentnews.com)
Investing
- What should you do with a lump-sum distribution? (alephblog.com)
- Trying to build an all-weather portfolio is a fool's errand. (nytimes.com)
- You really can build a simple portfolio. (monevator.com)
Personal finance
- The myRA program is finally here. (washingtonpost.com)
- Tony Robbins is coming for high-fee 401(k) plans. (buzzfeed.com)
- How to use deferred annuities in retirement. (barrons.com)
- Are women best served by female advisors? (nytimes.com)
- Gen X is becoming a force in wealth management. (thereformedbroker.com)
- 10 ways to destroy your wealth. (business.financialpost.com)
- 9 hidden costs to owning a home. (businessinsider.com)
- Inside the murky world of financial advisor shows on the radio. (bostonglobe.com)
