After Dow’s wild ride, beware of financial advisers who promise you the world [MarketWatch]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: MarketWatch
After Dow’s wild ride, beware of financial advisers who promise you the world Read your LinkedIn news feed with a skeptical eye, and think twice before replying to an email from a financial adviser seeking your business this week. The Dow Jones Industrial Average DJIA, -3.15% plunged more than 800 points Wednesday in the worst day since the market correction last February, and many people are concerned about what this means for their 401(k) accounts and, for those who are already drawing income from their retirement accounts, it’s especially worrying. “What they are selling is exactly what they should not be doing,” said Tim Courtney, chief investment officer of Exencial Wealth Advisors in Oklahoma City. Statements like “Your retirement is at risk!” at a time of extreme market volatility are not uncommon when hustling for business. “I hear and see those same advertising and news stories online and on the radio,” Courtney said. “They try to take advantage of the situation.” “It’s al
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