Monday, Sep 28, 2009

The investment industry is screwing us

FT: Costly cogs, misfiring machine

Longish (only slightly off-topic) article about the fees-creaming investment industry (just in case you didn't know) and what can be done about it [Brief laugh].

Posted by letthemfall @ 02:17 PM (727 views)
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2 Comments

1. 51ck-6-51x said...

You're keeping in step
In the line
Got your chin held high and you feel just fine
'cause you do
What you're told
But inside your heart is black
and it's hollow
and it's cold
Just how deep do you believe?

Will you bite the hand that feeds?
Will you chew until it bleeds?
Can you get up off your knees?
Are you brave enough to see?
Do you want to change it?

What if this whole crusade's
A charade
And behind it all there's a price to be paid
For the blood
On which we dine
Justified in the name of the holy and the divine

- Nine Inch Nails

Monday, September 28, 2009 03:19PM Report Comment
 

2. drewster said...

This is one of the reasons why so many people dived into amateur BTL for their pensions. With no middle-man creaming off profits (unless you use a letting agency), the returns on BTL weren't too bad compared with shares.

Monday, September 28, 2009 06:27PM Report Comment
 

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