Throughout the week, I run across articles written by other people that may be of interest to you. This week, there are two articles I’d like to highlight.
The first article is regarding the DOL Fiduciary Rule that goes into effect today. Andrew Welsch’s article, Fiduciary FAQ: What the Latest Milestone Actually Means, discusses that ALL advisors NOW must do what’s in the client’s best interest – at least with retirement accounts (believe it or not, this has not always been the case). At B.E.S.T. Wealth Management, we have legally been set up as a fiduciary since 2012, so we are already in compliance.
The second article is from Mike Piper of Oblivious Investments titled What Happens to Bonds in a Stock Market Crash. He reviews the performance of several different types of bonds during the past two major stock market crashes. His examples essentially reflect the reason why we only use high quality bonds in clients’ portfolios.
Hope you enjoy.
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