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Were speaking on the social media level about it, underlying all of that movement are the issues that you brought up that are important. Income inequality is a huge problem in this country. I dont think anyone in this room would argue with that. But the way this generation is choosing to move behind it is in a different vehicle than perhaps generations before us. Yeah, maybe in the front. [ inaudible ] im intrigued the facts you gave around the millenials core issues and for policy global warming, Climate Change and nationally around income inequality, and given that dem graphically, millenials will be the dominant generation over the next ten years, what are the panels views on the Political Landscape and the future Political Landscape of the u. S. And the impact on policy particularly related to those two iss ....
The things that the occupy movement brought up, whether it means the affordability of college, right . The 1 . Those things are still happening. I actually think the movement is still continuing. Maybe its just different. That is whats different about our generation. Were still the civil rights movement, unfortunately it still has to happen in our day and age. Im sure during lbj and Martin Luther king jr. s time, they would have never wanted us to continue to have to fight that. We see it today. Through the eric garner stuff. I want to ask. I get asked by friends all the time, who are overseas, living in arab countries, they cant understand after the arab spring why young people dont stand up more and protest, and arent out in the streets. If the situation is really that bad, why dont we speak up. Is there something to this point that young people just engage differently when they want to make their voices heard and not maybe in th ....
My brokerage account how much i was paying in fees and it wasnt until i hired and independent consultant who told me how much i was paying. It shocked me. One of the points the article made was that over the course of 30 years, to investors two investors with roughly the same amount of money but one with an actively managed account would reap much less than going to an index fund. Over the long run, actively managed accounts cannot beat the market. They are lucky to stay even with the market. I wonder if you could tell us if there are any studies you are aware of about an advantage of an actively managed account versus the advantages of an index fund. Secretary perez you have taken the words out of my mouth. In our research we have seen the same studies. The concern i hear the most frequently is that this is going to hurt small savers. I would respectfully assert that small savers are the people who need to make sure that their advisors are working in their best interest. Small savers ....