Joseph Edgeworth

Joe Edgeworth

Joe has been a financial planner since 1992, working with individuals, families and businesses. His company focuses on teaching people how they can invest their money safely, with a 100% guarantee of their principle, earn a very respectable rate of return, and have income guaranteed for their lifetime. Joe has also shown over 2,000 people how to protect their nest egg and their loved ones from the catastrophic cost of Long-Term Care, along with showing parents and grandparents how to safely and tax efficiently transfer their wealth to their children.

The Edgeworth Insurance Group

2715 Spring Valley Rd.

Lancaster, Pennsylvania 17601

joe.edgeworth@retirevillage.com (800) 824-8609
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The Curtain Is Drawn Back On Bond Sales

By Syndicated Columnists|


If you get the chance to see the movie “The Big Short” take it. After watching the movie. I went home to take a shower and try and get some of the Wall Street scum off me that had come from watching how horrible (and stupid) Wall Street is.


It seems to me that when Wall Street makes a deal on some new variation of an old idea, it ends badly, sometimes for them and generally for the customer.


The reverse might have recently happened when FINRA (the self-governing body http://www.finra.org) ruled that brokers could no longer broker practice a century-long sales secret. It might seem simple to a buyer not to know when it becomes extremely critical and expensive. Beginning shortly, brokers will have to disclose how much money they make on selling a bond.


While that may not seem significant, it is quite important. You see, bonds are one of those products that can be marketed with whatever the consumer will bear, and the cost of acquisition is merely tied into the cost of buying the bond.


For an investor to have that information means the actual cost of the bond (naked) can be known, and the buyer can grab any possible tax benefit such as deduction acquisition costs. It also shows the buyer exactly how much is made on each bond sale which seems important to me. It deals with transparency and honesty.


Here is more: http://www.fa-mag.com/news/finra-plan-means-brokers-couldn-t-keep-bond-mark-ups-secret-25412.html.

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