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-   -   When To Fire Your Financial Adviser. (https://www.talkofthevillages.com/forums/investment-talk-158/when-fire-your-financial-adviser-159628/)

KayakerNC 08-13-2015 02:19 PM

When To Fire Your Financial Adviser.
 
Edward Jones to pay over $20 mln for overcharging muni clients | Reuters

Maxman 08-16-2015 08:02 PM

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

manaboutown 08-16-2015 08:03 PM

i have fired many in my time.

rubicon 08-17-2015 04:32 AM

They have been in trouble before.

Greg Nelson 08-17-2015 05:56 AM

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

Villageswimmer 08-17-2015 05:57 AM

Tyro?

Greg Nelson 08-17-2015 06:17 AM

tyro= beginner My doctor brother in Melbourne, Fl. also with Fido for years is averaging 17% growth..me 5%..need help..what's new!

784caroline 08-17-2015 08:05 AM

tyro...fido....are you making this stuff up as you type! Makes no sense and readers will tune you out.

Greg Nelson 08-17-2015 08:12 AM

Tyro is according to Webster a beginning learner. FIDO is short for Fidelity Investments

KayakerNC 08-17-2015 10:07 AM

Quote:

Originally Posted by Greg Nelson (Post 1100670)
tyro= beginner My doctor brother in Melbourne, Fl. also with Fido for years is averaging 17% growth..me 5%..need help..what's new!

Whole lot of embellishment going on here. BS meter has pegged.:beer3:

lanemb 08-17-2015 04:19 PM

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.

Maxman 08-17-2015 07:21 PM

Quote:

Originally Posted by lanemb (Post 1101020)
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.

amen

manaboutown 08-17-2015 08:09 PM

The time to fire a financial advisor is BEFORE he/she loses some of your money.

Chi-Town 08-17-2015 10:05 PM

Quote:

Originally Posted by manaboutown (Post 1101115)
The time to fire a financial advisor is BEFORE he/she loses some of your money.

And how do you time that?

rjm1cc 08-17-2015 10:27 PM

When they recommend investments that do not meet your expressed needs.

pbkmaine 08-18-2015 02:11 AM

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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