<![CDATA[Smart Advice for the HuffPost Investor: Two Studies Wall Street Wants to Bury]]>

1.0 link 115096 <![CDATA[Smart Advice for the HuffPost Investor: Two Studies Wall Street Wants to Bury]]> http://www.huffingtonpost.com/dan-solin/smart-advice-for-the-huff_b_115096.html I recently was on national TV discussing 401(k) plans and my new book, The Smartest 401(k) Book You'll Ever Read. The producer of the segment wanted some controversy so she had an investment advisor appear with me.

The investment advisor recommended that employees select only actively managed funds in their 401(k) plans and use "independent advisors" (like him) to help them with their selections.

Most investors follow this advice.

How is this working for them?

Not well.

In one study (that Wall Street...

]]> 2008-08-06T05:12:00-04:00