Saturday, March 15, 2014

Do We Need “Smarter” Stock Brokers?




There’s been pressure in the past to find out the financial exam marks of stock brokers. But why be so worried about the subject?


Investors shouldn’t be relying on stock brokers for advice anyway. The education they get is essentially on back office procedure and not deep securities analysis. And even if it were, info would be useless.


For instance, most of the more experienced mutual fund managers do a bad job compared to indexed funds or ETFs. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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