Pound Foolish Quotes

“Think about this for a moment. If the financial services industry is forced to take the time to find out what their customers’ best interests are and then act on them, the industry doesn’t have a viable business model.”
― Helaine Olen, Pound Foolish: Exposing the Dark Side of the Personal Finance Industry

“We've been sold a dream of savings and investing that had no basis in any history or reality. We were participants in a vast experiment, a hope that personal finance and investments would do it all for us. We now know that for all too many people, it did not.”
― Helaine Olen, Pound Foolish: Exposing the Dark Side of the Personal Finance Industry

“As a result of all this stuff, numerous companies have been sued in recent years for allegedly placing employees in investments with either subpar returns, excessive fees, or not revealing conflicts of interest to consumers, including Walmart, Caterpillar, and, my personal favorite, Ameriprise Financial, which stands accused by their workers of putting them in poorly performing investments managed by… Ameriprise Financial.”
― Helaine Olen, Pound Foolish: Exposing the Dark Side of the Personal Finance Industry