Quote:
Originally Posted by spinner1001
I am curious. Assuming you still don’t want to pay AUM fees or loads, why ask about financial advisors (who don’t work for free)?
Even if you choose to make your own investment decisions, others may choose not or not have the knowledge. That leaves a bunch of financial services firms for these kinds of people. Financial service firms are regulated. But don’t depend on the government to provide all protections from investment managers. Like healthcare, investing is best done by spending time educating yourself. Those who don’t sometimes face a bumpy road.
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Hi, spinner1001,
Thank you for your contributions to this thread in posts #13, #16 and #19. (And you sure are right about that number #19 one-liner.)
Your posts are right about many things. Although I know the drill at Fidelity, as far as access goes, I will never reveal whether I have been invited to meet with someone on the top floor in those offices with that spectacular view of the city.
Even so, I really do appreciate your explanation of how Fidelity works because you are educating readers who take the time to see what you have to say.
Everything (almost) that you are saying here is a valuable part of the educational process that I am seeing develop in this thread. Seriously, I thank you.
But I am not sure why you are (kind of) coming at me in Post #17. . .I think I actually know why. It’s because you are not reading me — not on the page nor in-between the lines.
You do not have to read what I write. There will not be a quiz. But I wish you would have read me better if you wanted to criticize what I was saying. I have been at this for 30 years and I really, truly was “asking for a friend” who wanted me to look at the report she had received from her advisor.
I was not familiar with such an elaborate report, but I did a little recon where I could and saw some things I would question — although everything I saw was perfectly legal.
Anyway, we know nothing about each other, but I can see that you know some things about advisors and incentives. Thank you.
I am loving how generally educational this thread is turning out to be. Of course, I saw from someone here that old “why not ask the advisor” platitudinous, predictable line from one who cannot possibly have read the thread but cannot resist taking a shot. I can ignore that kind of shot. But although you took a sort of shot, I am very glad you are here in this thread helping to educate readers.
Boomer (who is no eejit and really is “asking for a friend)