If perception is nine-tenths of reality then Wall Street has a problem. According to recent polls, just 21% of Americans view Wall Street favorably, while 33% have negative opinions. Are these feelings justified? That is the question we posed in this week’s EXTRA interview.
Our guest is Jason DeSena Trennert, Chairman of Strategas Research Partners and a 27 year Wall Street veteran of both major investment firms and independent ones. He is also the author of the just published MY SIDE OF THE STREET: Why Wolves, Flash Boys, Quants, and Masters of the Universe Don’t Represent the Real Wall Street
Archives for June 2015
INVESTORS ARE DRIVING EXPENSE RATIOS DOWN
As it’s the pledge fund-raising season on public television, this week we are revisiting a show on an important topic – retirement. The good news is that Americans are living longer and spending more years in retirement than ever before. However, funding retirement is a fast approaching crisis. This weekend on WEALTHTRACK we have an exclusive interview with Financial Thought Leader and legendary investment consultant, Charles Ellis.
Plus, new this week, research from Morningstar shows that investors are driving fund expenses lower. According to their recent study, 95% of all flows over the past decade have gone into funds in the lowest-cost quintile.