On this episode:
America has a massive trade deficit, which means we buy more goods and services around the world than we sell. More money is leaving the U.S. than coming in from our trading partners. And President Trump has made it clear that he doesn’t like it and is doing something about it. But, partners like China are retaliating because they're not happy about the tariffs. Listen to Ric Edelman explain how this political jockeying could present an opportunity in the market.
Pension funds are run by professional investors managing money for all sorts of folks across the country, like teachers, firefighters and police officers. According to a recent analysis of funds managed of at least $1 billion, the median return is lower than the S&P 500. Listen to Ric Edelman share the returns and the right way to measure the return of your portfolio.
The state of New York just released a new rule that requires people selling annuities to act in the best interests of consumers. This is common sense and great news, but not everybody is excited. Listen to Ric Edelman explain who hates the new rule and why.
A couple of weeks ago, the Federal Trade Commission (FTC) said the average American was eligible for a $125 refund if they suffered personal harm from the data breach. Now the FTC says it’s overwhelmed by requests and most people will only get a small amount of money. Listen to Ric Edelman tell the story of how Equifax skated, and the FTC bungled this data breach.