10.8.19 Low investing fees go lower; AT&T sends early termination bill to deceased family; Too much politics

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 8 October 2019

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Follow-up: the financial industry continues its radical transformation. Technology has made it possible to invest at a lower cost. Last week Schwab announced no commission stock buying and selling. There are free and low-cost robo advisors and robo/human hybrids. Investing with high-cost companies could cause you to end up with 40% less money than investing the same amount with their low-cost rivals. Even Ally bank is offering a no-fee robo-advisory service. Vanguard will soon launch its low-cost Digital Advisor service too. AT&T – get your act together. A long-time DirecTV customer passed away at age 102 and AT&T went after the relatives for the early termination fee in strong terms. Only after the story went public did AT&T waive the termination fee, but didn’t apologize until they received more bad press. Where’s the heart and humanity? How stupid. Roughly 1 in 4 American adults is extremely politically engaged. This past weekend, Ellen DeGeneres and George W. Bush enjoyed a football game together. As their pictures circulated, ugly reaction ensued, with some referring to Bush as the ‘enemy’. After all the mean-spirited postings came an enlightened one which expressed that seeing Ellen and George Bush together restored their faith in America. When we lose sight of the fact that we’re all Americans in this together, we make our country weak. People we disagree with are still our fellow Americans. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's my pleasure to welcome you here to the Clark Howard Show where it's all about you
0:10.6	and that quality yours.
0:12.6	I want you to learn ideas to me so you can keep more of what you make.
0:17.4	Coming up later in today's Clark Regis moment, AT&T is added again.
0:24.1	Wait till you hear what they did to the family of a 102 year old woman.
0:32.1	And coming up yet later, politics is really amped up in the United States with a level of
0:40.9	anger which is really unhealthy for the country.
0:45.8	But it turns out that the anger is always true, harms you more than anything else.
0:55.1	And I'm going to fill you in on why it's important for us to behave for many reasons
1:01.0	because we're not behaving right now in America.
1:04.8	So our main website is Clark.com.
1:07.7	And if you like to save money on what you buy, check out ClarkDeals.com.
1:15.0	So I want to give a follow up on something that is a fast moving story.
1:22.2	And it is how the financial industry is going through such a radical transformation.
1:30.2	The technology has made it possible for you to invest at lower and lower and lower costs.
1:38.7	And I told you last week about Charles Schwab eliminating commissions on buying and selling
1:47.8	stocks.
1:50.0	And I've told you about some of the ways that you can get advice for investing and still
1:55.6	pay extremely low costs.
1:58.5	And for years, I've told you about wealthfront and betterment.
2:03.3	Two organizations that have been growing very quickly that use what's known as RoboAdvisory
2:10.1	Services, a RoboAdvising where you pay ultra-altral low costs to invest because a computer
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.