 The Wild Wild World of Wealth |  |
Like all good things (including commissions paid per trade), wrap fees can and do work well and they can and do work very poorly. As always it depends more on the skills, experience, and integrity of the advisor and the investment firm training, guiding and supervising him or her than it does on the method of compensation.
In my view, the tragic events in Japan will have some obvious effects on you and me. The biggest effect will likely be in the use and cost of energy…. By now surely we have all heard that around 20% of our electric power comes from nukes…. Melt down in Japan will probably do for the nuke industry what BP did for offshore drilling.
Last time, I wrote about getting a Second Opinion before making an investment decision of major importance. That’s the preferred timing. Today, I begin to address the Second Opinion after the fact. That’s the “sadder but wiser” stage of the investment experience.
I’d like to welcome Steve Williams, a new blogger at Acrimoney. In this post, he raises an important, common-sense question. Why not get a second opinion on your financial affairs?
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