Listen to The ETF Store Show every Tuesday at 9am on ESPN 1510 as we cover everything you need to know about Exchange Traded Funds and the world of investing.
On our most recent radio broadcast, we discussed a recent CBS 60 Minutes interview with former Goldman Sachs executive Greg Smith.
Smith abruptly left Goldman Sachs back in March by penning a scathing op-ed piece about the firm in the New York Times. We covered this story in detail back at that time, but the gist of the op-ed was that Goldman Sachs was simply more concerned with their financial future than the clients they were supposed to be serving. There were even accusations that Goldman referred to their clients as Muppets – and that wasn’t meant as a compliment. Unfortunately, it’s our belief that this kind of behavior is much more widespread than investors would like to believe. Quite frankly, that’s exactly why we started The ETF Store. We wanted to provide everyday investors with an alternative to these money grabbing firms who seemed more concerned about their own financial future than serving their clients’ best interests. So, how do you avoid these types of firms or advisors? On our radio show, we armed listeners with the right questions to ask their financial advisor to prevent themselves from becoming Wall Street’s Muppet.
In our weekly market update, we provided some insight on quarterly corporate earnings reports and also discussed some of the challenges investors are facing in the markets right now. Investing in stocks, bonds, and cash each present some real challenges to investors given the current economic environment and we explained what you can do to combat these issues. Finally, in our ETF spotlight, we examined an extremely inexpensive total bond market ETF (ticker: BND). We think most people should have at least some broad based bond exposure in their portfolios and this ETF offers an efficient, low cost way to access that exposure. Listen to the full show here.
