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Nobody knows for certain that your investments will let you down over the next five to 10 years. But be warned. If you have money invested with Fidelity, Putnam, American Funds, or any of the other mutual fund wholesalers you see advertised on TV, the odds are stacked against you. No matter what happens to stock prices from here. Case in point: The Investment Company Institute identifies 8,000-plus mutual funds as having invested money for US investors in 2008... You can reasonably expect 78% to 95% to fail to keep pace with the broader market in 2009, according to Yale University's David Swensen. Yet the conglomerates that peddle these "instruments" accept billions in fees for their dismal performance -- and won't hesitate to stick you with a tax bill on capital gains you might never even see. No wonder US investors think the game is rigged against them! And no wonder an astonishing 81% of high-net-worth investors are planning to take money AWAY from their advisors, according to a 2009 Prince and Assoc. survey. On the whole, the US financial services industry is a racket. And the cumulative damage can be devastating to your long-term wealth (just wait until you see exactly how devastating). For the past 15 years, a grassroots organization called The Motley Fool has railed against this systemic injustice, while proposing a simple solution... "Rather than support an industry that runs roughshod over The response to this proposition has been nothing short of an investor revolution. And the battlefield just tipped decidedly in our favor. It's time to seize the day. "The market for financial advice is in turmoil." -- ForbesIn the end, the US financial services industry was pulled down by its own arrogance and greed. "Hank Paulson and pals," as Charlton Heston cried in the 1968 blockbuster Planet of the Apes, "You blew it up!" What's left now are a few quasi-governmental institutions... an absurd bonus check or two in the mail... and maybe one last mother-of-all Ponzi schemes to unearth. But the trust is gone. And without it, millions of betrayed US investors (and our hard-earned money) can't be far behind. And good for us, too! We work too hard to dump our life savings into some corporate black hole in return for mediocre performance, inexplicable fees, arrogance, and scant, impersonal "communications." Frankly, we deserve better. And here's how I propose we get it... |
3 Reasons U.S. Investors Will Fall Further Behind in 2010
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