Quote of the day

David Swensen, “A fiduciary would offer low-volatility funds and encourage investors to stay the course,” he said. “But the for-profit mutual fund industry benefits by offering high-volatility funds.”  (Justin Fox)

Chart of the day

Quote of the day

Interloper, “The finance industry has its own interests, not yours, first.”  (Interloper)

Chart of the day

Trading binary options might seem pretty easy at first. The thing to remember, however, is to treat them just as you would any other trade. Trading in general is not easy, so trading binary options should not be easy either. While there is less work that you might need to put into a binary option than if you were, say, selling a company’s stock short, there is still a lot of work that needs to go into binary options if you want to be successful.

Discount stock broker TradeKing.com will be offering their customers free trades for all of Friday, 8/12/11:

In appreciation of your business, this Friday we’ll be offering a special free trade day for all clients. Any trades placed throughout the day on August 12 will be absolutely free of commissions. How it works is simple. If you trade on Friday 8/12, you’ll see the commission charged as usual. As of Saturday, 8/13, you’ll still see the trade in your Account Activity page with all commissions waived.

The Supreme Court recently tossed out a rule approved by the Securities and Exchange Commission that would have given certain large shareholders a means to put director nominations on proxy ballots.  Referred to as the “proxy access rule,” it was a part of the sweeping reforms adopted over the past two years to response to the apparent failure of some boards of directors to curb excessive risk taking and imprudent business practices.