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When To Fire Your Financial Adviser.
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Edward Jones IMHO is one of the worst places to put your money.
check out the link below to see how financial advisor fees effect return https://personal.vanguard.com/us/ins...uth-about-cost |
i have fired many in my time.
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They have been in trouble before.
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I'm with Fidelity and unless you have them manage your $$ for a cost, they give no good advice..not sure where to go...I'm a real tyro
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Tyro?
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tyro= beginner My doctor brother in Melbourne, Fl. also with Fido for years is averaging 17% growth..me 5%..need help..what's new!
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tyro...fido....are you making this stuff up as you type! Makes no sense and readers will tune you out.
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Tyro is according to Webster a beginning learner. FIDO is short for Fidelity Investments
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It takes time but I find nobody watches my money better than I do. Take in consideration what they cost you and it isn't too hard to do reasonably well yourself. My biggest losses have come on others advice! Either way the big boys still win.
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The time to fire a financial advisor is BEFORE he/she loses some of your money.
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When they recommend investments that do not meet your expressed needs.
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When they are charging you a management fee of 1% for funds with a sales charge of another 1% and an expense ratio of another 1%. Then you realize you can get better performing funds at Vanguard with no management fees or sales charges and expense ratios of 1/10th of 1%.
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