The Goldman Rule: You might just be a muppet if….

… your advisor works for a vampire squid or is paid on commission. Click here to see the article from Time/Moneyland

For extra credit see: Why Wall Street Hates the Lazy Portfolios Strategy

“America’s investors have been ripped off as massively as a bank being held up by a guy with a gun and a mask,” former Securities and Exchange Commission Chairman Arthur Levitt warned in an article in Fortune magazine a decade ago. That same year in his classic “Take On The Street,” Levitt lambasted the fund industry as “a culture that thrives on hype … withholds important information,” a “cutthroat business” that “misleads investors.” Today, it’s worse.

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