You have a college degree from a good four year school. Perhaps you went on to get an MBA from a fantastic post graduate program. A few of you have even acquired that coveted PhD! Yet, every month millions of Americans are still confused on how to simply read their 401(k) and brokerage investments statements. Those twenty-five pages of information can have you so mesmerized that it makes it feel like you are reading Atlas Shrugged. So how do you decipher what exactly is happening with your portfolio when you get your investment statements? What should your financial advisor or 401(k) vendor be providing to you? Well, most statements from investment companies are incredibly hard to read despite the fact that these companies spend millions of dollars trying to improve them. The first thing is that many statements will have some bar chart or line graph showing the total account value of all of your accounts as well as where ...Read More →
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