Close your wrap account to boost returns

Chart showing wrap account damage to assets

In a standard brokerage account, fees are generated every time there is a transaction. Brokers with clients in such accounts have the incentive to come up with reasons to trade. Notorious practitioners often churn client accounts, buying and selling frequently to beef…

Don’t Chase ‘Winners’

Chart showing how yearly winners do poorly in future years

Chasing winners means buying securities with good recent performance. If some stock price rose of late, you might believe demand for their products will continue to rise. If a mutual fund has outperformed its peers, you might conclude it has more adept…