The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again at Option Alpha and welcome back to the daily call. Today, we’re going to be talking about the power of social influence on investing habits and in particular, I’m going to tell you why I’m super, super upset and frustrated with this entire industry and it all starts with a conversation that I had with a family member this weekend because we were going down and we were sitting down at dinner and we were going over kind of their investing stuff that they had and they wanted me to take a look at it. And so, I was looking at some of the things that they had in their 403B account and one thing I noticed right off the bat was that a lot of the mutual funds that this person, this family member have been placed into had really high expense ratios and not only that, they were also placed into basically an account that was managed by a seemingly fiduciary person who was also charging a 1% AUM fee. I’m not opposed to financial advisors charging that, but if that's the fee that you’