Deal reshaping the storied Investment Bank, Morgan Stanley Ceo James Gorman will join us in the next hour. A mega merger, increases the projection of expenses saved and the guidance which well get into, as well. Giving up control of victorias secret selling a 55 stake to siycamore and stepping down. Well start with the deal of the day. Morgan stanley agreeing to acquire etrade valued at 13 billion. 58. 74 a share three months after schwab and Td Ameritrade announced a merger deal a lot of discussion of why not robin hood an enwhat it means for the sort of the framing of their Wealth Management business, jim. It is kind of amazing about 5 million accounts, maybe more robin hood with 10 million accounts in no time they were land speed record for accounts their success is driving everything they have the millennials. They have a different orientation. They have the easiest site to use. All hand held. Theyre racking up customers i have had robin on a couple times. Theyre the biggest threat
Three languages and have a deep understanding of quantum physics, but do you know the one thing they almost never teach you in high school, let alone touch with a ten foot pole in college . Financial literacy. And im not talking about economics here, you could be an econ major and still learn nothing about personal Financial Planning or retirement redness or even how to balance a checkbook. Money is just not talked about in education. Its like the third rail of the whole educational system. And thats why im on a Constant Mission to teach you about every aspect managing your money so you will be able to become a better investor both when it comes to retirement investing and playing out with what i call your discretionary mad money portfolio which is a big machine why i wrote get rich carefully to begin with. Most of you even if you dont own individual stocks directly you probably have some exposure to the stock market, 401 k plan where you keep the bulk of your Retirement Funds which is
Checkbook. Money is just not talked about in education. s like the third rail of the whole educationanasystem. And thats why im on a Constant Mission to teach you about every aspect managing your money so you will be able to become a better investor both when it comes to retirement investing and playing ououwith what i call your discretionary mad money portfolio which is a big machine why i wrote get rich carefully to begin with. Most of you even if you dont own individual stocks directly you probably have some exposure to the stock market, 401 k plan where you keep the bulk of your Retirement Funds which is why i want to take a moment to about retirement. For those of you who have been living in a cave for the last 20 years 401 k plans are the way you save foe retirement. Wait. For those of you who are about channel, because the whole idea of saving for retirement puts you to sleep, hear me out because you need to know this stuff. Im goininto tell you some ththgs that you wont hear fr
Whole educational system. And thats why im on a Constant Mission to teach you about every aspect managing your money so you will be able to become a better investor both when it comes to retirement investing and playing out with what i call your discretionary mad money portfolio which is a big machine why i wrote get rich carefully to begin with. Most of you even if you dont own individual stocks directly you probably have some exposure to the stock market, 401 k plan where you keep the bulk of your Retirement Funds which is why i want to take a moment to about retirement. For those of you who have been living in a cave for the last 20 years 401 k plans are the way you save foe retirement. Wait. For those of you who are about to fall asleep or change the channel, because the whole idea of saving for retirement puts you to sleep, hear me out because you need to know this im going to tell you some things that you wont hear from the socalled experts. This show is different. At this point
Nothing about personal Financial Planning or retirement redness or even how to balance a checkbook. Money is just not talked about in education. Its like the third rail of the whole educational system. And thats why im on a Constant Mission to teach you about every aspect managing your money so you will be able to become a better investor both when it comes to retirement investing and playing out with what i call your discretionary mad money portfolio which is a big machine why i wrote get rich carefully to begin with. Most of you even if you dont own individual stocks directly you probably have some exposure to the stock market, 401 k plan where you keep the bulk of your Retirement Funds which is why i want to take a moment to about retirement. For those of you who have been living in a cave for the last 20 you save foe retirement. Wait. For those of you who are about to fall asleep or change the channel, because the whole idea of saving for retirement puts you to sleep, hear me out b