Friday, September 11, 2009

Short Takes: Genetics of Asset Allocation, Lining Financial Advisor Pockets, and more

1. Larry MacDonald reports on a study that finds that our genes are partially responsible for our asset allocation choices. It seems unlikely that our genetic tendencies concerning risk are particularly useful for investing, but we have difficulty sticking to reason to make choices.

2. Preet gives us an insider’s look at a financial advisor technique for collecting huge fees just short of retirement. Unfortunately, all these extra fees have to come out of investors’ assets.

3. Larry Swedroe reports that Americans spend about $80 billion on active management for investments each year. That’s pretty good money for a group that collectively adds no value.

4. Big Cajun Man is concerned about bank tactics in attracting new customers on university campuses.

5. Million Dollar Journey discusses the advantages and costs of setting up a corporation.

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