Reuters recently reported that the average Wall Street bonus rose by 17% last year.
Even more staggering were profits for broker-dealer operations for NYSE member firms, which soared 42% to an eight-year high of $24.5 billion.
While some of that profit was earned in public offerings and M&A work, a lot of it was from plain old money management fees.
In other words, your hard-earned money. They're paying themselves millions of dollars in bonuses... handing you returns that don't even beat the market.
And instead of funding their private jets or lobster dinners, you could be saving your money and juicing your returns simply by digging deep into one type of filing that's helped me outperform the markets for years...
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth."