six hundred billion dollars possibly more than a trillion investment data and calculations by yahoo finance found guess why who did they turn the money over to. private equity and hedge funds oh oh yeah well as if said many times on this show pensions fon are where risk goes to die in other words are wall street a risk they make bad bets they put a lot of these bad trades into what's called an error account i haven't mentioned the error account in a while but every brokerage firm out the error account where you make a bad trade is something goes wrong you stick it in this error account where it's not accounted for on any financial statements officially and then eventually some pension fund somewhere and in getting that trade and they backdated and they stick it in with a lot of other garbage and the pension fund managers are typically kind of underpaid low level people that don't really know much and never robber citroen famously was the manager and i think was orange county that was a very famous case of somebody who was and complete it in managing the shoot fund that that's generally the

six hundred billion dollars possibly more than a trillion investment data and calculations by yahoo finance found guess why who did they turn the money over to. private equity and hedge funds oh oh yeah well as if said many times on the show pensions fon are where risk goes to die in other words eye wall street to risk they make bad bets they put a lot of these bad trades into what's called an error account i haven't mentioned the error account in a while but every brokerage firm out the error account where you make a bad trade is something goes wrong you stick it in this error account where it's not accounted for on any financial statements officially and then eventually some pension fund somewhere and in getting that trade and they backdated and they stick it in with a lot of other garbage and the pension fund managers are typically kind of underpaid low level people that don't really know much and i'm a robber citroen famously was the manager and i think was orange county and it was a very famous case of somebody who is and complete idiot managing the shoot fund that's generally the case

six hundred billion dollars possibly more than a trillion investment data and calculations by yahoo finance found guess why who did they turn the money over to. private equity and hedge funds oh oh yeah well as if said many times on this show pensions fon are where risk goes to die in other words eye wall street to risk they make bad bets they put a lot of these bad trades into what's called an error account i haven't mentioned the error account in a while but every brokerage firm out the error account where you make a bad trade you something goes wrong you stick it in this error account where it's not accounted for on any financial statements officially and then eventually some pension fund somewhere and in getting that trade and they backdated and they stick it in with a lot of other garbage and the pension fund managers are typically kind of underpaid low level people that don't really know much and i'm a robber citroen famously was the manager and i think was orange county and it was a very famous case of somebody who was and complete idiot managing the shoot fund that's generally the c

six hundred billion dollars possibly more than a trillion investment data and calculations by yahoo finance found guess why who did they turn the money over to private equity and hedge funds oh oh yeah well as if said many times on the.

contributions scott could be chief investment officer a financial management firm carson group told yahoo finance they're trying to find a way to catch up because they haven't covered the liabilities. i don't know if that is particularly well but so if you're told that here mr fireman or mr policeman or mrs police officer you know you don't have to contribute as much as you did last year because last year we were an index fund and this year we're going to move to a hedge fund flashy hedge fund guy who flew here in a private jet he's obviously doing very well but he's promising you that his returns are going to be higher and therefore you don't have to give five hundred dollars a week towards your pension fund but you can retire in the same amount but only give three hundred a week so you have to enter more in your pocket this week they can say yeah go with the private equity guys like people are stupid you know that movie that came out about the theft that one on during the subprime crisis and it documented the shortage of short right so here's like it's a documentary practically bunch of bankers

yahoo finance, get some of the research, street.com, cnbc, get some research. match the expectations with what was said take a longer term view. that's the advantage of the individual investor. you don't have to play that day. doug in nevada, doug >> caller: boo-yah, mr. k. >> okay. >> caller: yeah, my question is i have a 401, fairly substantial. would it be visible for me to change that to a self-directed ira? >> okay, well, what matters is the match. if you have -- if the employer is matching, no. you want to get the max. you want to get the max match so to speak and then after that, yes but if it's six and a half or one-half dozen of the other and the funds aren't that good that you're allowed to be in your 401(k), then yes, i want you to choose a self-directed ire rachet let me help you take control of your financial future when it comes to retirement, if your company matches your contribution to 401(k), then max that out that's really important. but if you don't get an employer match, go straight to the ira. on "mad" tonight, you just got your diploma, so

>> when you get your apple it immediately goes to yahoo! finance. i think. it apple finance. >> oh, in that way i'm sorry. i thought you were talking about the payments financing. >> payments apple -- apple payments is very important we do have a substantial number of people using apple pay. a lot of people still use credit cards. >> yeah. >> credit cards. >> plastic. >> they still take them away from you at the table when you're in an restaurant. >> i know. i would rather go zoom zoom pow. >> bob, are you there? >> i am. >> i tased you, bro. >> thanks. >> good morning, david >>> you want to know what a weekend devoid of talk about trade war escalation looks like? looks like this! four to one advancing the declining stock. and all the sectors that are proxy for the trade war, they are the market leaders look at semiconductors, material stocks, industrial stocks. that's been lacking along with the trade war talk that we've had. the classic names the industrial materials stocks, your cummings, j.b. hunt, the logistics companies that had a tough time recently fr

we have a tech columnist for yahoo finance. >> did you say something? >> permanently on his phone.ur summer vacation. this is an intervention. but seriously, you hear about the amount of times and minutes that americans are on their phones every single day. what are some tips to get away from that at least while on obvf you have the self-discipline, you can go in and turn off the notifications from the apps that bother you most and temp you most. but if you don't have that self-discipline, these are where the tips come in. first of all, announce to your family or companion what your expectations are. i'm allowed to check the sports scores before bed, the news in the morning, but other than that i'm off the phone. that way you will guilt yourself and they're allowed to nag you. secondly, if you don't have the ability to turn on do not disturb or something like that, my wife had this great suggestion, delete the apps. >> whoa. >> delete the apps. >> facebook, twitter. >> i've heard people do that ting ttterntil ty back, yeah. >> of course if you're really pathetic you can re-install

yahoo! financele out in january on a survey where 32% of people said they stopped watching in support of donald trump. 22% said they stopped watching in solidarity with players kneeling. 12% said they stopped watching in support of colin kaepernick. is there a likelihood you'll see a lot of people start to boycott? >> that's certainly possible. on the left you heard a lot of noise about people continuing to boycott the league, considering the fact that colin kaepernick and eric reid, his former 49ers teammate who joined him in kneeling at the beginning both don't have jobs at this point. eric reid visited the cincinnati bengals on a free agent visit and was told he wasn't welcome essentially because he was unwilling to promise not to protest. i think what malcolm jenkins is saying is making an interesting point. breast cancer is something we can all agree exists. unfortunately racial en justice in this country is not something that everyone in the country agrees exists. when you have that dilemma at