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The U.S. Economy. If you're worried about all the doom and gloom about the U.S. Economy, tired of watching your investments decline in value, worried about your job ... then this video outlining the government's plan to get back to prosperity is sure to cheer you up!
Good News About the U.S. Economy
It seems that every time you watch the news, there is doom and gloom about the U.S. economy. First the sub-prime lending fiasco, then housing prices take a nose-dive, then the government $700 billion dollar bail-out and the financial markets are dropping like a stone. Everyone is worried, not about a recession, but an out-and-out depression. Long-standing companies are folding, the automobile manufacturers are asking the government for help, unemployment is climbing, foreclosures right and left, no-one is building homes, which means more unemployment ... will it ever end?
Anywone who thinks they're immune from the effects of this economic downturn is kidding themselves. This crisis will touch everyone, in some way, at some point.
Fred Thompson, a former actor (of Law and Order fame), U.S. Senator (Republican; Tennessee Senator from 1994-2003) and candidate for the 2008 Republican nomination for President of the United States, has some good news to share, about the U.S. economy. In the 8-minute video on the next page, he summarizes the government's plan for getting the economy back on track. In plain English, he cuts through the chatter and presents the plan in a completely understandable way.
The video is a "must-see" for anyone worried about the economy, the future of their jobs, potential bankruptcy of Medicare, Medicaid or Social Security, their retirement investments or pension, or the financial future of their children! By the end of the video, you'll have a complete understanding of the current plan, faith that the government is doing the right things and peace of mind.
The U.S. economy will be heading for prosperity in the new year ... watch the video and relax ...
Philip Coggan has written an excellent report on the asset management business, in this month's issue of "The Economist". An interview with the author is presented. If you invest, you owe it to yourself to hear what Philip has to say about fund managers, fees, performance and ETFs
Fund Managers do well - for themselves
Exchange Traded Funds (ETFs) and asset manager fees are again in the news. This time, in a special report on asset management titled, "Money for Old Hope". It appears in the March 1st issue of The Economist, a UK periodical.
I wrote about outrageous Canadian Mutual Fund Management Fees in early 2007. As a seasoned US investor, I was shocked to discover that Canadians pay the highest mutual fund management fees of any industrialized nation.
Imagine a business in which other people hand you their money to look after and pay you handsomely for doing so. Even better, your fees go up every year, even if you are hopeless at the job.
(on asset management)
As an individual investor, the best way to avoid shelling out your hard-earned money to greedy and non-performing mutual fund managers, is to invest in Exchange Traded Funds.
I'm glad to see that I'm not alone in my thinking. In the 14-page Economist Special Report on asset management, Philip Coggen examines the fund-management industry. In his discussion, Exchange Traded Funds are mentioned as being part of the solution in avoiding costly fees, which erode returns.
His description of the asset-management industry is very enlightening, as he outlines the perfect business: "Imagine such a business", he quips, "people hand you their money to look after and pay you handsomely for doing so." Sounds good, so far. But he sweetens the pot by saying, "Even better, your fees go up every year!" Wow. Cool. I want that job. Then he drops the bombshell by saying that you don't even have to be very good at your job and you can still get the monetary reward. Ouch!
The focus isn't on Canada, it's on the asset management industry at large. (In Canada, the amount that most investors pay toward management fees is criminal).
Anyone who wants to save more of their investment money owes it to themselves to read this article. For an audio interview with the author, a synopsis of this special report and a road map for higher investment returns .... read on.