[jimjamuser]

Originally Posted by Boomer

Hey, ge,

All I did was suggest a couple of general listens. No need for you to take umbrage. So a big bank’s advisor is your friend. Whatever makes you happy with your investments is certainly no concern of mine. But why be condescending?

Full disclosure from me:

I admit that I do not have a soft spot for your friend’s firm. As previously stated somewhere in this meandering thread, I am not a fan of big banks — and BAC acquired that firm for their advisory. Are BAC and its stockholders in line to be paid from advisors’ sales?

Yes, I said, “sales,” but that does not always mean what we usually think of as sales commissions on annuities or other insurance policies. I am referring to expense ratios on funds.

Expense ratios along with AUM fees go on even when the investor is not making money. (said Boomer, stating the obvious)

All financial advisors are in sales. Successful salespeople tend their relationships. I will resist asking if your friend was your friend before you were courted by his firm.

My other bias when It comes to advisors, in general, is that I would prefer an arms-length, professional relationship. That way, if breaking up becomes necessary, it is not hard to do.

A friend of mine has his money with his nephew. The friend was always bragging about his nephew’s lifestyle. When QCDs first became an ongoing thing in tax law, his nephew told him he could put his money in a DAF and not have to include it in his AGI.

In a string of emails, my friend kept insisting his “brilliant” rich nephew was right. Finally, I got an email that said, “Thank you for being so persistent.”

Yeah, I saved him from a big tax mistake. It took him a while to listen to me though. I have no doubt it was because I am a woman. Women talking about investments seems to bother certain types of guys.

Boomer

You go........WOMAN. But I have one small extraneous question-----who is Pogo and why are they right?