Quote:
Originally Posted by Boomer
Mr. Boomer still loves to say, "Hey, where is that woman I used to sleep with who was getting me a 102% on those funds?"
Boomer
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Boy oh boy Boom, I've been biting my tongue (or fingers) since you posted the above. That man of your, of whom we hear quite often but from whom we never hear, must really be something. Was this kinda like a casting couch in reverse? Just by "sleeping" with the "lady", he was able to get 102% return on his investments! He must be amazing! Did you ever find out who she is/was?
Back to topic --- re the use of commission based financial advisors, it's real easy to see how even a well-meaning individual would suffer in comparison to fee based types. When you have products, be they insurance based instruments or a selection of funds and/or stocks, you are indoctrinated to believe that these are the be all and end all. Sorta like the carpenter whose only tool is a hammer and treats all problems as if they are nails, these guys may well look at an investor and ask which of "their" products fits best. The fee based guy has an entire tool chest along with a truck full of extras. He fits the solution to the problem. And of course there are the real scum, bottom-feeding commission guys whose only purpose in life is to get you to do as much buying and selling as possible, just so they can get their cut.
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