Carl Icahn says what he means on a very important subject: all investors should pay close attention

We have been concerned about the rapid rise in popularity of exchange-traded funds (ETFs) for a long time.  Over ten years ago, at a conference on the topic of ETFs, we were given a book that explained how they worked and how to use them in strategies; the book was almost 700 pages long.  It struck us that any investment...
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Why Employers are Rethinking Turnkey 401(k) Plans

Turnkey retirement-plan programs sounded like a great idea. When fund companies and other big firms started offering them in the 1990s, employers were promised solid employee benefits delivered with groundbreaking simplicity and low cost. What was not to like? Plenty, it turns out. Turnkey plan providers like to boast about the number of funds...
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