Few people enter the financial services industry to make the world a better place. My friend's daughter (a third culture kid who grew up in Singapore) is a new teacher in the United States. She contributes to a defined benefit pension scheme. Her school also has its own "recommended" financial advisor. He's like a fox, given permission to raid the henhouse at night. Here's what he's selling to the teachers. Shame on the school's administrators for not doing their homework.

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The Big Con: Promising Stock Market Returns Without Market Risk
I grew up in a neighborhood where virtually every boy got into a fistfight at least once. Bullies tested every kid. If you backed down, you became a constant target. In some ways, I miss those days. Back then, if another boy wanted to hurt you, he always made it clear. He didn’t smile, give you a h…