Dictators love to divide society in order to control groups and hide their destructive power. Exclusion ideology of hate is NOT Christianity but idolatry of tribe.
Has TIAA the largest university pension system lost its fiduciary past?
Many university personnel trust this ‘non profit’ to give them unbiased advice. Now former staff members are claiming sales staff is being pushed to steer clients into higher fee products. A training update to wealth management advisers, provided to The Times from a current employee, came as the new fiduciary rule was being finalized. It told advisers “to avoid accidentally implying that you may be acting as a fiduciary,” when having educational conversations with clients. They should avoid “referencing the participant’s best interest” and “discussions regarding TIAA’s not-for-profit heritage.” But that trust is all that TIAA has. It is not the lowest cost and it is not the highest service fund firm. It seems to forget what its mission is: always from the client’s interest.
Along with many on Wall Street, TIAA argued against the fiduciary rule.
Where is your long-term money?
New study claims residential housing is your best friend. Table 6 shows that the main reason risk-adjusted housing returns are higher is the lower volatility of house prices. Both rental yields and dividend income are relatively stable for all years and countries throughout the sample. However, the standard deviation of equity prices is double that of housing prices over the full sample, and around 2.5 times that of housing prices after 1950. Equity prices have experienced large swings and high-amplitude cycles throughout the course of modern history. Moreover, capital gains—the more volatile component—are responsible for a larger share of equity total returns than they are for housing. These two factors have become even more relevant during the post-WW2 decades. In the
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Putin’s Revenge how Putin from a low-ranking KGB agent to the long-serving president