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Dan Solin
Dan Solin is The New York Times' best-selling author of the Smartest series of books. His next book, The Smartest Sales Book You'll Ever Read, will be published in March, 2014.

Entries by Dan Solin

Buy This Annuity So I Can Take a Cruise

(0) Comments | Posted November 20, 2015 | 3:53 PM

Photo courtesy of Flickr.

The current controversy over the proposal by the U.S. Department of Labor to impose a fiduciary standard on those who advise retirement plans has little to do with the rule's merit. Rather, I believe it's at...

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A Game You Shouldn't Play

(0) Comments | Posted November 17, 2015 | 5:18 PM

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It seems like almost every week a new study appears to debunk the myth of active management. This week was no exception.

Robin Powell, a U.K.-based journalist and financial blogger, discussed a recent...

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Misleading "Debates" on Active vs. Passive Harm Investors

(0) Comments | Posted November 3, 2015 | 5:34 PM

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While it's a low bar, Bloomberg TV always seemed to me to be the best of the financial media. Its anchors are professional and knowledgeable. Its coverage is broad and responsible. It avoids the hype and...

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Non-Disclosure Is Harming Your Returns

(0) Comments | Posted November 3, 2015 | 6:48 AM

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The current debate over a proposal by the U.S. Department of Labor, which would require advisors to act as fiduciaries to the retirement plans they serve, obscures an important issue. It's bad enough that stockbrokers are...

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Your 'Wealth Advisor' Probably Isn't One

(1) Comments | Posted October 27, 2015 | 8:17 PM

2015-10-19-1445291175-3966786-11746719224_25675af5b1_z.jpgPhoto courtesy of Flickr.

Last week, I wrote about an experience I had with a broker who took offense at the use of the term "broker" in a talk I gave to a group of investors. I found that odd because he...

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Collapsing Arguments for Conflicted Advice

(0) Comments | Posted October 20, 2015 | 6:19 PM

Photo courtesy of Flickr.

I had an interesting experience recently. I gave a talk to a group of investors. In the audience were a few brokers. My presentation consisted of two basic points:

1. Send an email...

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A Hidden Risk You Never Saw Coming

(0) Comments | Posted October 13, 2015 | 6:21 PM

Ken Griffin is a hedge fund manager with an enviable net worth of $7 billion. According to published reports, he recently settled a contentious divorce dispute with his wife, Anne Dias Griffin, shortly before it was scheduled to go to trial.

There was a lot at stake. His...

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Don't Call Your Broker

(0) Comments | Posted October 6, 2015 | 6:14 PM

The market has been experiencing gut-wrenching volatility recently. Monday, Aug. 24 was a particularly unsettling day. The Dow Jones Industrial Average (DJIA) lost 1,089 points before rallying to close down 588.

This kind of roller coaster ride creates understandable anxiety among investors. Should you sell and sit on the sidelines,...

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Hedge Fund Myths and Misdeeds

(0) Comments | Posted September 29, 2015 | 6:23 PM

If anyone could demonstrate expertise in "beating the market," you would think it would be hedge fund managers. They get paid hefty fees (often 2 percent of assets under management plus 20 percent of profits) to generate "alpha." Successful hedge fund managers make obscene amounts of money. The top hedge...

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$50,000 (or More) May Be Yours for the Asking

(1) Comments | Posted September 18, 2015 | 11:37 AM

Investing is a unique business. After all, you wouldn't think of buying any commercial item (like a car) without first negotiating for the lowest price. And few people would consider buying a product if they had no information about its price tag. Yet that is precisely what most investors do....

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The Secret to Investing in Volatile Times

(0) Comments | Posted September 15, 2015 | 6:24 PM

The financial media loves volatile markets. When the market drops, investors understandably become anxious. They have questions like: What is causing the decline? How low will the market fall? Should I sit on the sidelines until things "settle down"? Are there "defensive stocks" I should buy that will protect me...

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What CNBC Won't Tell You (Part 2)

(0) Comments | Posted September 7, 2015 | 1:26 PM

Last week, I discussed how the financial media misinforms investors, especially during periods of extreme market volatility. The endless parade of pundits seeking to "make sense" of the market serves only to stoke fear and anxiety. If you have a well-thought-out financial plan, and are invested in a...

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What CNBC Won't Tell You

(8) Comments | Posted September 1, 2015 | 6:06 PM

In May 2009, during an appearance on CNBC, I suggested that the network could do a major service to investors by abandoning its slogan "In Cramer we Trust" and substituting "In Bogle we Trust." Cramer then stormed onto the set and engaged in a bug-eyed rant. He first misrepresented --...

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The Media (Not the Market) Has Fallen to New Lows

(0) Comments | Posted August 25, 2015 | 6:26 PM

It has long been my view that much of the financial media serves as a shill for the securities industry. It stokes fear and anxiety in an effort to encourage investors to "do something" with their holdings. Activity means trading, and trading means higher profits for bloated brokerage firms. It's...

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SEC Settlement Demonstrates the Value of the Fiduciary Standard

(0) Comments | Posted August 18, 2015 | 6:27 PM

Debate rages on over the Department of Labor's proposed rule to implement wider application of the fiduciary standard. The securities industry vigorously opposes any regulatory effort that would require it to place the interest of investors over its own. It asserts that a fiduciary rule would be harmful...

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The Myth of Fund Manager Outperformance

(0) Comments | Posted August 11, 2015 | 6:17 PM

Recently, an evidence-based investment advisor wrote to me lamenting the loss of a large prospect. The prospect had ultimately decided to entrust his retirement assets to another firm, one that claimed its core competency was selecting outperforming mutual fund managers.

I can understand the advisor's frustration. There's ample evidence that...

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The Meritless Assault on the DOL's Fiduciary Rule

(0) Comments | Posted July 29, 2015 | 9:01 AM

The assault on the fiduciary rule proposed by the U.S. Department of Labor (DOL) has intensified. Republicans from the House Committee on Education and the Workforce recently asked Labor Secretary Thomas Perez to "immediately withdraw" the rule. Why? Because they believe it will "reduce investment options and increase...

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There's Hope For 401(k) Participants

(0) Comments | Posted July 21, 2015 | 1:55 PM

It has been my long-held view that most 401(k) plans are a national disgrace.

Most 401(k) plans are flawed

Part of the problem is that the underlying concept behind how many 401(k) plans are administered is fatally flawed. They assume that employee plan participants are capable of managing...

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DOL Opponents Are Motivated By Self-Interest

(2) Comments | Posted July 21, 2015 | 11:17 AM

The securities industry is all atwitter at the prospect of having to put the interests of retirement plan participants above its own. It's marshaling its massive resources to fight a rule proposed by the U.S. Department of Labor (DOL) that would require all advisors to be "fiduciaries" to...

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Fiduciary Rule: The Real Agenda

(4) Comments | Posted July 7, 2015 | 6:10 PM

There's a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice.

There's a lot at stake.

Background Information

Fiduciaries are...

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