Short Takes: Recommending ETFs, Financial Advisor Standards, and more

Canadian Couch Potato reports on an effort to allow mutual fund advisors to recommend ETFs. If this happens, I suspect that initially most mutual fund advisors would only recommend ETFs when they would lose the client otherwise. But, over time, this may lead to positive changes. If ETFs come to dominate, either advisors will have to figure out how to charge their clients directly for advice (a good outcome), or ETFs will have to start making direct payments to advisors (a bad outcome).

Preet Banerjee says it’s time to toughen the standards for being able to call yourself a financial advisor.

Retire Happy Blog wants you to try the 7-day spending challenge and implores you to “Stop buying crap!”

Big Cajun Man has some scary two-sentence financial horror stories from his readers.

Million Dollar Journey updated his advice on how to invest small amounts each month. Personally, I think it makes more sense to just save cash for a couple of months before investing. But some people are a little impatient.

My Own Advisor admits to some “dumbass” financial moves.

Comments

  1. Big Cajun ManAugust 30, 2013 at 6:52 AM

    I like the idea of getting the point across in two sentences, wish more folks could do that. Thanks for the inclusion, and enjoy the LOOOOONG weekend.

    ReplyDelete
  2. My Own AdvisorAugust 30, 2013 at 7:07 PM

    Thanks for the mention Michael. Unfortunately I've made more financial mistakes than those. I also need to keep some content for future posts.

    Hopefully the weekend weather will be good, not too much rain.

    Mark

    ReplyDelete

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