The Derivative Project

Schwab’s no accountablity guarantee

A Guess at Why Larry Fink is Warning on Leveraged ETF’s

A Guess at Why Larry Fink is Warning on Leveraged ETF’s

Larry Fink, CEO of Blackrock rattled the ETF business last week, pronouncing leveraged ETF’s have the capacity to blow up the system. Reuters describes Mr. Fink’s warning here this morning, Blackrock’s Fink jolts ETF business with blow-up warning For background purposes, please read the Investment Company Institute’s write-up on closed…

This Schwab Ad Epitomizes the Disingenuous Advice Industry: Buyer Beware

Charles Schwab was once a leader in doing what is right—a low cost leader – a pioneer in discount commissions. ¬†They are still an excellent custodian and their online tools are top notch. However¬†when Schwab moved into “packaging product” and became the purveyors of “advice” to the retirement industry, they…