31 July 2014

Are you paying for Broker Junkets in Hawaii?

A clear sign that the Brokers (as well as Private Bankers) are above all else supposed to generate commissions. That is how they are measured, not how well they manage their clients' portfolios. Have you ever tried to get a clear performance statement before engaging someone to run your money? It compares with having your teeth pulled out. If you get a decent performance for your portfolio you should also check whether it was pure luck or real skill that was behind the numbers.

For Top Brokers, Junkets are back, Hello Hawaii (Wall Street Journal)