August 28, 2007 by Joe Ponzio

How about a round of applause for Wall Street? Once again, they’ve managed to sell the dream, and are failing to deliver. Hedge Funds-unregulated mutual funds-have been the talk of the town for years. That is, of course, until their hyper-aggressive, no-fear strategies hit a market that was…volatile? I’ve said…

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August 22, 2007 by Joe Ponzio

I believe that 401k plans, in theory, are phenomenal. I also believe that Wall Street F-ed them up so bad and use them as tiny, recurring profit centers to ignore the “little guy” and sell their mutual funds. Oh, they’ll call you when you’re ready to roll over your old…

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August 21, 2007 by Joe Ponzio

401k plans seemed like a good idea at the time. Individualized retirement plans. Personalized portfolios to replace the stogy old pension. Real growth for young, aggressive investors; safety for senior employees facing retirement. Many years ago, there was no 401k-it simply didn’t exist. Companies had pensions-giant pools of money conservatively…

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