Goldman says U.S. investors should keep their portfolios local

Plus: Diversification varies when it comes to ETFs, Wall Street starts cutting pay, and the next President will need to figure out how to handle Congress

JUL 18, 2016

By Jeff Benjamin

Most U.S. investors, who are already too heavily exposed to domestic stocks, should keep investing along those lines. According to Goldman Sachs, the U.S. is the only real safe haven right now. The U.S. is still in better shape than the rest of the world.
Don't make the mistake of assuming that exchange-traded fund is providing your client with a diversified portfolio. There are plenty of ETFs that hold only a single asset.
With fewer jobs available to cut, Wall Street is now cutting pay to help make ends meet. This is a sign of peak efficiency.
Do either of the Presidential candidates have what it takes to take on Congress? The key ingredient will be an ability to cross party lines with actions, not just words.

Bankrupt Inspired Healthcare’s CEO fighting for lawyer’s fees

Luke Lee launched the company in 2016. It eventually issued $1.2 billion high-risk investments.

Edward Jones takes minority stake in personal finance app Quicken

The company aims to bring Quicken's budgeting and investment tool tracking to its 20,000-plus advisor network

BlackRock finds growing gap between retirement confidence and reality

Americans may feel better about retirement, but new research suggests confidence and preparedness aren’t always the same thing.

'Family office' sold $40 million in notes without a broker license, SEC alleges

A $2.97 million commission haul and rolled-over retirement money sit at the center.

SEC alleges unregistered seller raised $10 million from 190 investors

He sold "safe" notes on his radio show. The SEC says he was never licensed.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.

Goldman says U.S. investors should keep their portfolios local

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