I’ve posted Article #5 in my series of articles on the realities of stock investing at the Financial Highway site. It’s called For-Fee Financial Planning Solves the Wrong Problem.
Juicy Excerpt: the bias here is so big that people aren’t even comfortable talking about it. We can imagine a world in which financial planners recommend only goods and services in which they truly believe because they are compensated in such a way that the need for commissions doesn’t compromise them. We cannot imagine a world in which financial planners tell the truth about when stocks are worth buying and when they are not. That would be so big a change in the history of investing that it seems beyond us.