Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why dynastic wealth dissipates over time.
Quote of the Day
“(Investors) don’t understand that this is a zero-sum game where, as I like to say, in every trade there is an idiot. And if you don’t know who the idiot is, you are in trouble.”
(Meir Statman)
Millennials
- Having a robo-advisor is not enough to reach Millennials. (kitces.com)
- How Robinhood got Millennials interested in stocks. (fastcompany.com)
- ESG strategies are gaining traction among Millennial investors. (visualcapitalist.com)
- Millennials are living at home to save money for their own fund. (usatoday.com)
Advisors
- You are paying your advisor too much. (bloomberg.com)
- Wirehouses are doing just fine putting client retirement assets into fee-generating accounts. (wsj.com)
- Paying for what you need: advice-only financial advisors. (thefinancebuff.com)
- What's next for the fiduciary rule? (beta.morningstar.com)
Personal finance
- In defense of the 401(k) plan. (whitecoatinvestor.com)
- States are stepping in to provide workers with access to retirement plans. (wsj.com)
- Why corporate executives hold too much company stock. (onefpa.org)
- Ten questions to ask about your family's ability to withstand a hardship. (humbledollar.com)
- Don't pay this fee when leasing a car. (danielsolin.com)
- More Americans are striving for 'perfect' credit scores. (bloomberg.com)
