Most of the country’s largest pension plans hire consultants to help them pick winning managers. They assume, of course, doing so will lead to better results. Evidence to validate this assumption has been unavailable, until now.
TAG: Wall Street Blunders
Another new year has begun, which means the financial media’s “Where to Invest Now” guides are coming to newsstands near you. As usual, headlines will look something like “Top Stock Picks from Top Pros” and “Make More Money in 2015.” Investors hoping to profit from these expert predictions should first review these publications’ can’t-miss picks from last year.
A lawsuit brought against 401(k) plan giant Fidelity by its own employees underscores—yet again—the importance of minimizing investment costs.
It’s that time of year again. A fresh batch of “Where to Invest in 2013” publications are in full circulation. Since we know these market guides won’t ever come with warning labels—“Do not operate large 401(k) balances after reading” or “Contents may impair judgment”—a review of how last year’s predictions turned out might be warning enough.
With the this year’s batch of “Where to Invest” market guides now hitting stores, a review of the leading financial publications’ 2011 predictions might serve as a necessary warning for investors bent on following that advice.