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MJ DeMarco
I followed the science; all I found was money.
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fiduciaries
Sounds to me like socialism.
It isn't.
Fiduciary means exactly that you are entrusted to put the needs of those who you represent first and foremost.
http://en.wikipedia.org/wiki/Fiduciary
If you're a fiduciary for someone's money, that means you intend to put them in the best investments for THEM, not the best investments that give you the best commissions. Without fiduciary arrangements, the world would be a pretty scary place.
And likewise, things can get muddled when people confuse, for example, BROKER without fiduciary and an Investment Adviser with FIDUCIARY. A broker might likely put you into investments that serve his best interests -- high commissions, etc, -- whereas a fiduciary is EXPECTED to put your needs first. This is why financial gurus suck -- none of them are fiduciaries and instead put their interests first which is why that are back-selling seminars, life insurance, mutual funds, or whatever else pots a nice commission.