I admit it, sometimes I get worked up.
Especially when it seems that unsuspecting investors, retirees, and anybody else who’s trying to navigate the capital markets in pursuit of the American Dream is about to get fleeced – again – by Wall Street.
A perfect example: getting all worked up over Wall Street’s attempts to kill the Labor Department’s Fiduciary Rule, which is supposed to go into effect this April.
But you can’t let this stuff get to you. Because Wall Street is always trying to find the next end-around that will allow them to skirt the most expensive regulations.
It’s better to try and come up with simple, common-sense solutions to stop the Street from squirming through whatever loopholes they can find.
Well, I found one. And it would save us all a lot of hypertension and sleepless nights.