Media Too Negative, Advisor Fees Too High

By Harry Sit

Here are some noteworthy articles I read this week:

Is Unemployment Really That High? at Financial Samurai by Sam. Sam is still convinced the media is too negative. Jobs are not filled because people take time off living on severance and unemployment benefits.

8 Bad Excuses for High Advisor Fees at RickFerri.com by Rick Ferri. Low-fee investment advisor Rick Ferri knocks down excuses for high investment advisor fees. The real reason other investment advisors are able to charge higher fees is their clients let them. No excuses needed. Investment advisory service is a luxury good. Luxury goods don’t compete on price.

What’s In My Portfolio? (Choosing Mutual Funds) at Oblivious Investor by Mike Piper. Mike shares his simple portfolio. Simplicity helps him stay the course and not chase performance. My portfolio isn’t that simple. I have more bonds (including munis and TIPS), less international stocks, more small cap, and more value.

Lonely Planet Offers 13 Free iPhone City Guides at My Money Blog by Jonathan. A reader recommended these Lonely Planet city travel guides. "It comes with an ‘no-network required’ map of the city which will use the GPS chip to tell you where you are, even if you don’t have a network service provider. You can even save favorite locations on the map."

7 Independent Personal Finance Blogs You Can Trust at Consumerism Commentary by Flexo. I also like blogs with a voice. I added these to my subscription.

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Posted on February 4, 2011 under News. Keywords: .

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2 Comments on Media Too Negative, Advisor Fees Too High

  1. David on February 21, 2011
     

    Sorry, but I completely disagree with the first article. The ratio of job openings to unemployed is the lowest its been in decades, and this is true across all professions. Talk to someone who is unemployed and looking for work. In the rare cases where there is an opening, employers get swamped with applications, and the odds for any individual applicant are very low.

  2. Financial Samurai on February 22, 2011
     

    Thanks for the highlight mate. Let’s connect more in 2011!

    Cheers, Sam

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