Posted by lae2 on December 15, 2008 at 12:11:57:
The Madoff debacle caps off the recommendations of a few financial books I recently read. The upshot is that the retail investor ought not to trust anyone to manage their money other than themselves.
The retiring baby boomers have decisions to make about new investments and about new advisers. The most prudent action for new retirees is to become students of the their own finances.
As retirees, with a little spare time on their hands, become more knowledgable about their finances they may decide to take a greater responsibility in managing their estates.
Is it coincidence that the the mascot for TD Ameritrade is an old fart? That guy is older than me. How can you invest in a financial with minimal exposure to credit cards and bad mortgages? AMTD.
As retail investors become ever increasingly jaded about Wall Street and the characters therein, they may gain knowledge and confidence to take on managing their own finances. Who is to gain? TD Ameritrade.