Caveat Emptor

Do you expect a car salesman to be on your side when you buy a car?  Do you expect the snake oil salesman to tell you the truth?  Do you expect the bank robber to always give to the poor like Robin Hood?  Why should you expect the investment advisor to be on your side?

Remember, Errol Flynn had at least 3 underage girlfriends (as young as 14), so be careful picking heroes.

The Nation said: "The Obama administration spent years writing and implementing a rule that forces investment advisers to operate in the best interest of their clients, instead of offering advice that prioritizes their own financial incentives. Americans lose $17 billion each year from this type of bad advice, but Trump signed a presidential memorandum Friday to eliminate the rule, which was to take effect in April."

http://www.latimes.com/business/la-fi-trump-fiduciary-dodd-frank-20170203-story.html