QOTD: Jack Bogle vs Fiduciary Rule Rollback

Posted by

THE Trump administration recently announced that it intends to review, and presumably overturn, the Obama-era fiduciary duty rule that is scheduled to take effect in April. The administration’s case was articulated by Gary Cohn, the new director of the National Economic Council.

Mr. Cohn, most recently the president of Goldman Sachs, called it “a bad rule” and likened it to “putting only healthy food on the menu, because unhealthy food tastes good but you still shouldn’t eat it because you might die younger.” Comparing healthy and unhealthy food to healthy and unhealthy investments is an interesting analogy.

Putting Clients Second (New York Times)

You’ve heard enough from me about this. Hit the jump above to hear what one of the wisest men in the investment industry has to say.

Also, from a 401(k) expert’s perspective, don’t miss what my colleague Dan McConlogue is saying on the topic today.

What's been said:

Discussions found on the web
  1. online tutoring free commented on Sep 20

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  2. eatverts commented on Sep 21

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  3. immediate edge review 2020 commented on Sep 22

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  4. pinewswire.net commented on Sep 23

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  6. Small child commented on Sep 25

    … [Trackback]

    […] Here you will find 73689 additional Info to that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  7. massive affiliate blueprint 1.0 commented on Oct 11

    … [Trackback]

    […] Here you will find 79379 more Information on that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  8. pantogam buy commented on Oct 26

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  9. dumps shop online commented on Oct 31

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

  10. Digital Transformation commented on Jan 16

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2017/02/09/qotd-jack-bogle-vs-fiduciary-rule-rollback/ […]

HowIInvestMyMoney