Business

Brenda Cullen has a killer deal on craigslist for a spotless, low-mileage Nissan Altima. But it won’t last. A job promotion, complete with company car, has left her family with one too many vehicles, so that’s why she’s unloading the Altima for not even a quarter of its true value.

Walk into a bank or a typical stock brokerage firm and the only advice you may get is centered on purchasing the favorite stocks of the day. There are few—if any—questions asked about your present financial situation and financial future. This is how brokers earn a living: the more stocks you buy and sell, the higher the commission your broker earns. This business model is known in the industry as “suitable”.