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The Caldwell Trust Company Blog

Why We Endorse Pro Growth Policies

Posted by Chris McGee, CFA CAIA

If you missed it the Dow Jones Industrial Average (DJIA) made history this week as it crossed the 20,000 level this past Wednesday. We looked backwards and determined that it took the index approximately 17 years to double from 10,000. The index reached the 10,000 mark in April of 1999. We decided to go back and see how it did over the 17 years preceding the index obtaining the 10,000 level in 1999. At the beginning of 1982 the DJIA stood at the 785 level. So between 1982 and April 1999 the index doubled approximately 3 and 1/2 times versus it only doubling once over the subsequent 17 years.
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Topics: Investments

Tony Robbins Explains What a Fiduciary Is

Posted by Caldwell Trust

Do you know what a fiduciary is? A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other asset for another person. Most are not familiar with the exact definition as you can see in Tony Robbins video. This is a topic we struggle with here in the trust world. Far too many instances, we hear stories of clients not being taken care of properly and end up being taken advantage of. Most believe if they're doing something with their finances, they're in good shape. Too many times we've seen so many people taken advantage of due to not working with a true fiduciary. One who has the clients best interest in mind, not theirs. A figuciary is legally responsible to look out for your best interest. When someone is legally responsible, you can bet they're going to properly do their job and not sell you product(s) as they make substantial commission based fees on over and over again depending on how many times they move you in and out of funds. When you are a true fiduciary and are legally responsible, there isn't a conflict of interest. Ever.

 

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Topics: Investments

 


 

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