Yesterday a client showed me a copy of the statement of a deceased family member. The broker, from one of the largest investment banking firms, had scribbled a few suggested portfolio changes on the face of the positions page. He suggested liquidating almost everything and splitting the portfolio among a mortgage fund (buys undervalued mortgages? how?) a managed commodities fund portfolio, and REITS.. Insightful analysis? Hardly.
Made me realize that there are two sides to the burdensome requirements which do not allow me to communicate with the public without prior approval.
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