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-- more import them don't approach is a partner.
In London and an investment advisor.
Who co-founder of the top credit financial website -- -- dot com.
From for the straight market watch Fox News Susan your -- is it is a contributor to Fox News.
And is married to Dagen McDowell please welcome to the program.
On the front storms turn -- morning and I'm pretty good question -- -- -- And -- thank you for having me sole.
All sort of you know now.
Well I run -- funds which is a mutual fund -- web sites collect Morningstar with the different slant and then we have a small investment advisory firm we manage money for.
Police are site wants someone to manage their money -- so all -- 100 rent money from a phone for from.
And -- dollar company -- advertised it's a free site to users we have advertising on it we also.
Of the -- newsletter.
And then we have the managed accounts so it's basically we also sold leased to -- data feeds occasionally a mutual funds to different locations.
Mostly it's because you're on some other people -- it's me and my co-founder from 99 James gave him alone.
Mutant V -- there wasn't a reformed -- -- A with a cell well our idea was to shed a light.
On the mistakes people make investing in mutual funds which is usually ignoring fees and chasing performance or our rating system.
Which is our own basically looks at fees and performance and tries to put you into funds.
That are underperforming the people aren't going into the kind of prevent people from say behind tech funds in the late ninety's -- By an emerging market -- and natural resource on the gold funds and now.
-- -- -- I think the system the rating system works better than all the other rates -- some -- -- -- backward looking just looking past performance attempts to direct people into funds that have done well which are often the ones that took the collapse.
And then you have people.
Or use -- web -- access.
And then Larry.
And assign a -- -- for financial buffaloes are more.
The very small piece of his blood has lots of people on the -- it's free you know has a thousand people every day but a few who want to basically don't want.
To manage their own money I want us to do it we offer a -- -- It's called managed account service where we buy mutual funds for you would know loads and commissions and high fees that you would normally get with a stock broker or -- most financial officers as -- only neutral -- It mutual funds and ETFs exclusively.
Some CDs as well but some excellent service and exchange traded fund is basically an index that trades on an exchange like stock we don't use them exclusively there about 20% of people's accounts usually it's mostly ordinary mutual funds the kind -- see your 401K plan.
So senator answers don't let go by -- -- -- -- reform or or whether or shall.
Now that we've -- -- much of mutual funds -- the managers of those funds in theory would go -- and vibrant electric General Motors we've we've picked the managers essentially.
If we don't think if we think technology's expensive or over price will be it will solve the tax funds go into utility funds that we think those are -- -- so we're sort of choose seen.
The managers for your account but you're diversified -- function different funds and those funds internal hundreds of different stocks -- -- have the situation of one stock blown up and.
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