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Posted: 2/26/2019 4:28:39 PM EDT
[#1]
EJ advised heavily for my grandmother to keep almost 100k in Lehman Brothers. Yea, that worked out really well.
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Posted: 2/26/2019 4:28:47 PM EDT
[#2]
Quote HistoryQuoted:
Interesting reading! We have been with EJ for about 10 years now and have three accounts with them. Guess we have a good agent as we have made money every year, usually 8.5-9.2%, but have over $250K in the accounts. Do they go up and down each month, yep, but we are in for a longer haul. 
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Posted: 2/26/2019 4:29:03 PM EDT
[#3]
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First of all, all mutual funds have fees for running the fund called 12b-1's. Most range from 75 to 120 basis points. It's not uncommon for custodian firms to charge an IRA maintenance fee for tax reporting. Secondly, you always have market risk with any investment. Third, you shouldn't have taken a check to transfer to another IRA, you should have initiated a transfer from your other account and have it sent from that firm to Edward Jones to move the account. Lastly, most firms will charge an account closing fee. I don't think it's right but it's not uncommon. That being said, Edward Jones has a bunch of know-nothing "advisors." They'll take anybody off the street and give them a shot at being a financial representative as long as they can pass the requisite exams. They are also free to move your account to another rep if your original rep leaves the firm. I'm a registered securities principal for a broker/dealer and I also slept at a Holiday Inn Express last night. |
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Posted: 2/26/2019 4:29:03 PM EDT
[#4]
Quote HistoryQuoted: @mattellis2 I loathe Fast Eddies Investments but this case it was not EJ's fault. In order to transfer what I assume was a Simple IRA, the accepting custodian needed to submit a letter of acceptance along with the transfer form. The broker in which the account transferred to fucked up...Not Big Green |
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Posted: 2/26/2019 4:29:48 PM EDT
[#5]
Quote HistoryQuoted:
"If you want a friend on Wall Street, buy a dog." 
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Posted: 2/26/2019 4:30:17 PM EDT
[#6]
Quote HistoryQuoted:
And all of what happened was in a document you signed. |
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Posted: 2/26/2019 4:31:04 PM EDT
[#7]
Quote HistoryQuoted:
So your line of work there is no profit to be made? Work for the govt? Quote HistoryQuoted:
Quoted:
Those poor financial advisors need houses and cars and boats and vacations and...they need you to pay for them. Work for the govt? |
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Posted: 2/26/2019 4:31:26 PM EDT
[#8]
Quote HistoryQuoted:
EJ advised heavily for my grandmother to keep almost 100k in Lehman Brothers. Yea, that worked out really well. I was interning there at that time They kept saying hold Lehman...everyone else was dumping at 85 cents on the dollar. your memaw got 15 cents on the dollar. Buy and Hold till the day you die. |
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Posted: 2/26/2019 4:32:05 PM EDT
[#9]
Quote HistoryQuoted:
Not all funds have a 12b1....not even close to all funds. Quote HistoryQuoted:
Quoted:
First of all, all mutual funds have fees for running the fund called 12b-1's. Most range from 75 to 120 basis points. It's not uncommon for custodian firms to charge an IRA maintenance fee for tax reporting. Secondly, you always have market risk with any investment. Third, you shouldn't have taken a check to transfer to another IRA, you should have initiated a transfer from your other account and have it sent from that firm to Edward Jones to move the account. Lastly, most firms will charge an account closing fee. I don't think it's right but it's not uncommon. That being said, Edward Jones has a bunch of know-nothing "advisors." They'll take anybody off the street and give them a shot at being a financial representative as long as they can pass the requisite exams. They are also free to move your account to another rep if your original rep leaves the firm. I'm a registered securities principal for a broker/dealer and I also slept at a Holiday Inn Express last night. |
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Posted: 2/26/2019 4:32:08 PM EDT
[#10]
Quote HistoryQuoted:
Interesting reading! We have been with EJ for about 10 years now and have three accounts with them. Guess we have a good agent as we have made money every year, usually 8.5-9.2%, but have over $250K in the accounts. Do they go up and down each month, yep, but we are in for a longer haul. Do I think the agent and your relationship with them makes a difference? Yes, absolutely. This guy came highly recommended by someone I consider very shrewd with their money. Mine went down last year due to that downturn but I've got a while left before I retire so I wasn't worried about it. And my return has been VERY good. |
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Posted: 2/26/2019 4:32:57 PM EDT
[#11]
Quote HistoryQuoted:
Possibly, and we ultimately got it sorted out, but was a royal pain. I forget the circumstances that made my boss angry enough to want to pull our accounts, but he is just about the most level headed guy I know. Quote HistoryQuoted:
Quoted: @mattellis2 I loathe Fast Eddies Investments but this case it was not EJ's fault. In order to transfer what I assume was a Simple IRA, the accepting custodian needed to submit a letter of acceptance along with the transfer form. The broker in which the account transferred to fucked up...Not Big Green
If it were a 401k, there could have been an issue with the TPA rucking it all up and the Advisor caught the heat. |
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Posted: 2/26/2019 4:33:23 PM EDT
[#12]
Quote HistoryQuoted:
Nope, just pointing out that the fees at EJ are higher than other options OP could have chosen. I'm all for people getting paid for their services BUT caveat emptor and all that. Quote HistoryQuoted:
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Those poor financial advisors need houses and cars and boats and vacations and...they need you to pay for them. Work for the govt? EJ is high as giraffe ass for what you get |
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Posted: 2/26/2019 4:34:45 PM EDT
[#13]
Quote HistoryQuoted:
So I'm not the only one here who has been pleased with their agent. Do I think the agent and your relationship with them makes a difference? Yes, absolutely. This guy came highly recommended by someone I consider very shrewd with their money. Mine went down last year due to that downturn but I've got a while left before I retire so I wasn't worried about it. And my return has been VERY good. Quote HistoryQuoted:
Quoted:
Interesting reading! We have been with EJ for about 10 years now and have three accounts with them. Guess we have a good agent as we have made money every year, usually 8.5-9.2%, but have over $250K in the accounts. Do they go up and down each month, yep, but we are in for a longer haul. Do I think the agent and your relationship with them makes a difference? Yes, absolutely. This guy came highly recommended by someone I consider very shrewd with their money. Mine went down last year due to that downturn but I've got a while left before I retire so I wasn't worried about it. And my return has been VERY good. Ak is wrong by saying they made 8.5-9.2% every year that is a false statement. Because when using markowitz you don't have it both ways. There is really nothing wrong with doing business with prople you know and trust...but EJ isn't a magic investment bullet. |
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Posted: 2/26/2019 4:35:06 PM EDT
[#14]
Your average "financial advisor" is a securities salesperson. Most know absolutely nothing about investing, they're just out there to sell you financial products to make a commission. If it were my money, I'd have it with a 3rd-party money manager firm like SEI or AssetMark. <------not an endorsement of either firm, just using them as examples.
And don't ever get sucked into going into your personal financial advisor's self-created managed account model. They don't know shit. Don't ever buy a Variable Universal Life policy unless you're using it for deferred compensation because you make a shitload of money every year. And don't get talked into buying a Variable Annuity until you're about 10 years out from retirement. bslate07 does not offer legal, tax, or securities advice. Please consult the appropriate professional regarding your individual circumstance.
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Posted: 2/26/2019 4:37:46 PM EDT
[#15]
Quote HistoryQuoted:
Not all funds have a 12b1....not even close to all funds. Quote HistoryQuoted:
Quoted:
First of all, all mutual funds have fees for running the fund called 12b-1's. Most range from 75 to 120 basis points. It's not uncommon for custodian firms to charge an IRA maintenance fee for tax reporting. Secondly, you always have market risk with any investment. Third, you shouldn't have taken a check to transfer to another IRA, you should have initiated a transfer from your other account and have it sent from that firm to Edward Jones to move the account. Lastly, most firms will charge an account closing fee. I don't think it's right but it's not uncommon. That being said, Edward Jones has a bunch of know-nothing "advisors." They'll take anybody off the street and give them a shot at being a financial representative as long as they can pass the requisite exams. They are also free to move your account to another rep if your original rep leaves the firm. I'm a registered securities principal for a broker/dealer and I also slept at a Holiday Inn Express last night. |
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Posted: 2/26/2019 4:39:49 PM EDT
[#16]
Quote HistoryQuoted:
Math and reading is really hard for some people. I recently opened a Fidelity HSA account online and transfered the money from another HSA in about 20 minutes. The OP is either dumb or just playing dumb. I thought of becoming a fee based financial planner years ago, but decided I'd have too many people like the above example and my liver wouldn't be able to take the strain. |
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Posted: 2/26/2019 4:40:03 PM EDT
[#17]
How many people singing EJ’s praises have run the numbers with their fee schedule (AUM + ER + “other”) versus a simple 2 or 3 fund portfolio with an ER in single digits over 20-30 years?
You could have picked practically any US stock fund over the last few years and had 8%+ growth. |
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Posted: 2/26/2019 4:48:09 PM EDT
[#18]
They sold my mom a loaded American Fund. Too expensive for what it is.
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Posted: 2/26/2019 4:56:05 PM EDT
[#19]
I'm very happy with Edward Jones.
my guy is reasonable, knowledgeable, and easy to deal with. I'll be retiring in 4-5 years, and will have the means to enjoy it. My father held accounts at Vanguard. After dealing with the nightmare that was closing his accounts with them, I will NEVER do business with vanguard. NEVER. The Estate's attorney holds the same opinion of them after dealing with this. |
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Posted: 2/26/2019 4:57:09 PM EDT
[#20]
Quote HistoryQuoted:
Yes, all funds have 12b-1s or some kind of management fee. You're thinking of no-load funds, where load refers to commission. Quote HistoryQuoted:
Quoted:
Quoted:
First of all, all mutual funds have fees for running the fund called 12b-1's. Most range from 75 to 120 basis points. It's not uncommon for custodian firms to charge an IRA maintenance fee for tax reporting. Secondly, you always have market risk with any investment. Third, you shouldn't have taken a check to transfer to another IRA, you should have initiated a transfer from your other account and have it sent from that firm to Edward Jones to move the account. Lastly, most firms will charge an account closing fee. I don't think it's right but it's not uncommon. That being said, Edward Jones has a bunch of know-nothing "advisors." They'll take anybody off the street and give them a shot at being a financial representative as long as they can pass the requisite exams. They are also free to move your account to another rep if your original rep leaves the firm. I'm a registered securities principal for a broker/dealer and I also slept at a Holiday Inn Express last night. trumpwrong.gif Yes all funds have management fees which do not go to the adviser. not all funds have 12b1 which go to the adviser go look at any American funds F2 share...a big green favorite |
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Posted: 2/26/2019 5:00:23 PM EDT
[#21]
OP took the money out and told Eddie J's to withhold tax.
There is no requirement to withhold tax on an IRA, even if it is an early distribution. OP knows little to nothing about investing in the market, trusted EJ to do the work, and was disappointed in the results of his decision. OP then says gimmie my money, and EJ says do you want tax withheld, he said sure, and they cut him a check. OP then dropped the cash in another mutual fund (probably front end loaded) and will have the exact same thing happen to him because he learns slowly, or not at all. Give the guy credit though, what he lacks in smarts he makes up for in bullshitting on the internet. |
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Posted: 2/26/2019 5:04:01 PM EDT
[#22]
Quote HistoryQuoted:
@bslate07 trumpwrong.gif Yes all funds have management fees which do not go to the adviser. not all funds have 12b1 which go to the adviser go look at any American funds F2 share...a big green favorite Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
First of all, all mutual funds have fees for running the fund called 12b-1's. Most range from 75 to 120 basis points. It's not uncommon for custodian firms to charge an IRA maintenance fee for tax reporting. Secondly, you always have market risk with any investment. Third, you shouldn't have taken a check to transfer to another IRA, you should have initiated a transfer from your other account and have it sent from that firm to Edward Jones to move the account. Lastly, most firms will charge an account closing fee. I don't think it's right but it's not uncommon. That being said, Edward Jones has a bunch of know-nothing "advisors." They'll take anybody off the street and give them a shot at being a financial representative as long as they can pass the requisite exams. They are also free to move your account to another rep if your original rep leaves the firm. I'm a registered securities principal for a broker/dealer and I also slept at a Holiday Inn Express last night. trumpwrong.gif Yes all funds have management fees which do not go to the adviser. not all funds have 12b1 which go to the adviser go look at any American funds F2 share...a big green favorite |
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Posted: 2/26/2019 5:08:36 PM EDT
[#23]
Quote HistoryQuoted:
How many people singing EJ’s praises have run the numbers with their fee schedule (AUM + ER + “other”) versus a simple 2 or 3 fund portfolio with an ER in single digits over 20-30 years? You could have picked practically any US stock fund over the last few years and had 8%+ growth. you are correct and here's why The St.Louis Scions have always favored either a balanced or weighted towards approach to value investing over growth. This is seen in their allocations. Given that...they have trailed significantly what just buying the sp500 would have done for the equity sleeve. They also don't overweight to small or mid tactically like some firms may do. This also caused under performance. So...as you said when considering the 1.35% they start at...it's mathematically improbably that they provided those returns. |
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Posted: 2/26/2019 5:09:49 PM EDT
[#24]
Quote HistoryQuoted:
That's why I used the operative word 'or.' The point I was making is OP wasn't going to get his mutual fund management for free, even if the fund was losing money. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Quoted:
First of all, all mutual funds have fees for running the fund called 12b-1's. Most range from 75 to 120 basis points. It's not uncommon for custodian firms to charge an IRA maintenance fee for tax reporting. Secondly, you always have market risk with any investment. Third, you shouldn't have taken a check to transfer to another IRA, you should have initiated a transfer from your other account and have it sent from that firm to Edward Jones to move the account. Lastly, most firms will charge an account closing fee. I don't think it's right but it's not uncommon. That being said, Edward Jones has a bunch of know-nothing "advisors." They'll take anybody off the street and give them a shot at being a financial representative as long as they can pass the requisite exams. They are also free to move your account to another rep if your original rep leaves the firm. I'm a registered securities principal for a broker/dealer and I also slept at a Holiday Inn Express last night. trumpwrong.gif Yes all funds have management fees which do not go to the adviser. not all funds have 12b1 which go to the adviser go look at any American funds F2 share...a big green favorite his 12b1 was probably .25% |
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Posted: 2/26/2019 5:09:52 PM EDT
[#25]
Quote HistoryQuoted:
It has been a few years since I was a Registered Representative, but my dim recollection is that if EJ transfers the money directly to the other IRA instead of writing you a check, then they shouldn't take the federal tax out. Maybe @midcap or someone else can step in? |
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Posted: 2/26/2019 5:10:22 PM EDT
[#26]
We are happy with our EJ broker as well. But, we don't throw money at them and go with everything they say. We look at the funds advised and see what's in them and the fee structures behind them. Any broker can screw you if you're not doing your diligence. EJ is conservative, but you need to ask the specific broker questions to determine their experience and qualifications.
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Posted: 2/26/2019 5:10:39 PM EDT
[#27]
I still have not seen anyone touch on the fact of the genius behind the A share variable annuity that EJ used to push...lol
That had to have been the absolute dumbest shit in the world. |
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Posted: 2/26/2019 5:12:05 PM EDT
[#28]
Serves you right.
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Posted: 2/26/2019 5:12:56 PM EDT
[#29]
Quote HistoryQuoted:
We are happy with our EJ broker as well. But, we don't throw money at them and go with everything they say. We look at the funds advised and see what's in them and the fee structures behind them. Any broker can screw you if you're not doing your diligence. EJ is conservative, but you need to ask the specific broker questions to determine their experience and qualifications. in what way? I hear that repeated all the time, but I never ever get the answer to what it means. |
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Posted: 2/26/2019 5:18:02 PM EDT
[#30]
Quote HistoryQuoted: @PKT1106 in what way? I hear that repeated all the time, but I never ever get the answer to what it means. |
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Posted: 2/26/2019 5:18:44 PM EDT
[#31]
I dealt with EJ in the early 2000's, and left because of their fee's.
OP, go to Vanguard. |
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Posted: 2/26/2019 5:33:17 PM EDT
[#32]
Quote HistoryQuoted:
Risk tolerance. They do stay on the low risk end of the spectrum. Bigger, established companies, generally. Established sectors and and industries. Mutual funds with a wide diversity of holdings. They want the companies that have been around for 50+ years and have a modest divided or modest growth. "Slow and steady wins the race" might as well be their motto. We have a few things in our portfolio outside if their purview, but that's because I did my own research and told them to acquire what I wanted specifically. Quote HistoryQuoted:
Quoted: @PKT1106 in what way? I hear that repeated all the time, but I never ever get the answer to what it means. You aren't the only one to have told me that. I was talking to a guy the other day saying the same thing as his investments burned down in Q4 |
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Posted: 2/26/2019 5:57:42 PM EDT
[#33]
Quote HistoryQuoted:
How many people singing EJ's praises have run the numbers with their fee schedule (AUM + ER + "other") versus a simple 2 or 3 fund portfolio with an ER in single digits over 20-30 years? You could have picked practically any US stock fund over the last few years and had 8%+ growth. |
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Posted: 2/26/2019 6:00:05 PM EDT
[#34]
Quote HistoryQuoted:
Risk tolerance. They do stay on the low risk end of the spectrum. Bigger, established companies, generally. Established sectors and and industries. Mutual funds with a wide diversity of holdings. They want the companies that have been around for 50+ years and have a modest divided or modest growth. "Slow and steady wins the race" might as well be their motto. We have a few things in our portfolio outside if their purview, but that's because I did my own research and told them to acquire what I wanted specifically. Quote HistoryQuoted:
Quoted: @PKT1106 in what way? I hear that repeated all the time, but I never ever get the answer to what it means. |
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Posted: 2/26/2019 6:10:22 PM EDT
[#35]
Did OP truncate three zeros or is he really ranting about $1100?
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Posted: 2/26/2019 6:19:37 PM EDT
[#36]
Quote HistoryQuoted:
I shitcanned them when they incorrectly reported the cost basis of an IRA I received as part of an estate. Got a $13,000 bill from the IRS. The value at the time I receive it was the value at that time, not ZERO you idiots!!! |
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Posted: 2/26/2019 6:27:14 PM EDT
[#37]
Quote HistoryQuoted:
You are losing more than you think. I can give you a relatively easy two step solution. 1. Spend some time reading on bogleheads.org 2. Get your money away from EJ. |
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Posted: 2/26/2019 6:28:24 PM EDT
[#38]
Quote HistoryQuoted:
Did OP truncate three zeros or is he really ranting about $1100? |
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Posted: 2/26/2019 6:29:18 PM EDT
[#39]
Quote HistoryQuoted: The cost basis of an inherited IRA is the cost basis in the hands of the decedent; that is frequently zero. Even if it wasn't zero, I'm not sure how a broker would know how it was treated on the IRA owner's tax return when the contributions were made. IRAs are an exception to the general rule of basis being stepped up to fair market value at the date of death. A distribution on account of death of the IRA holder isn't subject to the 10% premature distribution penalty but it is subject to income tax. |
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Posted: 2/26/2019 6:30:19 PM EDT
[#40]
dont use financial advisors
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Posted: 2/26/2019 6:31:56 PM EDT
[#41]
Quote HistoryQuoted:
dont use financial advisors |
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Posted: 2/26/2019 6:49:41 PM EDT
[#42]
Quote HistoryQuoted:
That's good you like your guys...but don't over hype their returns. Ak is wrong by saying they made 8.5-9.2% every year that is a false statement. Because when using markowitz you don't have it both ways. There is really nothing wrong with doing business with prople you know and trust...but EJ isn't a magic investment bullet. Quote HistoryQuoted:
Quoted:
Quoted:
Interesting reading! We have been with EJ for about 10 years now and have three accounts with them. Guess we have a good agent as we have made money every year, usually 8.5-9.2%, but have over $250K in the accounts. Do they go up and down each month, yep, but we are in for a longer haul. Do I think the agent and your relationship with them makes a difference? Yes, absolutely. This guy came highly recommended by someone I consider very shrewd with their money. Mine went down last year due to that downturn but I've got a while left before I retire so I wasn't worried about it. And my return has been VERY good. Ak is wrong by saying they made 8.5-9.2% every year that is a false statement. Because when using markowitz you don't have it both ways. There is really nothing wrong with doing business with prople you know and trust...but EJ isn't a magic investment bullet. edit/ In my experience, Ed Jones people are not advisors, they are sales people. At least they aren't Northwestern Mutual. :-) |
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Posted: 2/26/2019 6:54:15 PM EDT
[#43]
Quote HistoryQuoted:
I mean, if they are specifically referring to the past 10 years, the SP500 had geomean growth of around 10.5% per year. But it also kind of cherry picks a bottom for the starting point. edit/ In my experience, Ed Jones people are not advisors, they are sales people. At least they aren't Northwestern Mutual. :-) Quote HistoryQuoted:
Quoted:
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Interesting reading! We have been with EJ for about 10 years now and have three accounts with them. Guess we have a good agent as we have made money every year, usually 8.5-9.2%, but have over $250K in the accounts. Do they go up and down each month, yep, but we are in for a longer haul. Do I think the agent and your relationship with them makes a difference? Yes, absolutely. This guy came highly recommended by someone I consider very shrewd with their money. Mine went down last year due to that downturn but I've got a while left before I retire so I wasn't worried about it. And my return has been VERY good. Ak is wrong by saying they made 8.5-9.2% every year that is a false statement. Because when using markowitz you don't have it both ways. There is really nothing wrong with doing business with prople you know and trust...but EJ isn't a magic investment bullet. edit/ In my experience, Ed Jones people are not advisors, they are sales people. At least they aren't Northwestern Mutual. :-) I see the returns....they didn't do what the sp500 did. The only thing that comes close on a 10 year # is their stock focus list over 10yerar. Here's the caveat....unless you bought these stocks in a brokerage account, you didn't own that portfolio. Now...your Advisor could have put you in all growth funds and come close. But that's going against the models....and you still didn't make 10.5% |
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Posted: 2/26/2019 7:33:49 PM EDT
[#44]
Quote HistoryQuoted:
How many people singing EJ’s praises have run the numbers with their fee schedule (AUM + ER + “other”) versus a simple 2 or 3 fund portfolio with an ER in single digits over 20-30 years? You could have picked practically any US stock fund over the last few years and had 8%+ growth. |
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Posted: 2/26/2019 7:35:38 PM EDT
[#45]
Quote HistoryQuoted:
Did OP truncate three zeros or is he really ranting about $1100? |
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Posted: 2/26/2019 7:42:45 PM EDT
[#46]
Quote HistoryQuoted:
I wonder how many people singing EJ's praises know what their front end sales load was for each fund and the annual expense ratio. I suspect that those that understand that info are no longer happy. Quote HistoryQuoted:
Quoted:
How many people singing EJ’s praises have run the numbers with their fee schedule (AUM + ER + “other”) versus a simple 2 or 3 fund portfolio with an ER in single digits over 20-30 years? You could have picked practically any US stock fund over the last few years and had 8%+ growth. |
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Posted: 2/26/2019 7:50:29 PM EDT
[#47]
Quote HistoryQuoted:
I'm working with an EJ rep doing a "guided solution" and have for several years and frankly with what he's done with my money, I gave him more. YMMV. My guy is doing very well with my money. Annualized for the entire 12 years, it's been making more than half of what I make at my job. |
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Posted: 2/26/2019 7:56:34 PM EDT
[#48]
Quote HistoryQuoted:
I've used EJ for about 12 years and have nothing but good things to say. Annualized for the entire 12 years, it's been making more than half of what I make at my job. Quote HistoryQuoted:
Quoted:
I'm working with an EJ rep doing a "guided solution" and have for several years and frankly with what he's done with my money, I gave him more. YMMV. My guy is doing very well with my money. Annualized for the entire 12 years, it's been making more than half of what I make at my job. ETA example: You have $2,000,000 in the account and make $100,000 per year at your job. That's a shit return of 2.5% annually. |
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Posted: 2/26/2019 7:58:53 PM EDT
[#49]
Quote HistoryQuoted:
I mean, if they are specifically referring to the past 10 years, the SP500 had geomean growth of around 10.5% per year. But it also kind of cherry picks a bottom for the starting point. edit/ In my experience, Ed Jones people are not advisors, they are sales people. At least they aren't Northwestern Mutual. :-) Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Interesting reading! We have been with EJ for about 10 years now and have three accounts with them. Guess we have a good agent as we have made money every year, usually 8.5-9.2%, but have over $250K in the accounts. Do they go up and down each month, yep, but we are in for a longer haul. Do I think the agent and your relationship with them makes a difference? Yes, absolutely. This guy came highly recommended by someone I consider very shrewd with their money. Mine went down last year due to that downturn but I've got a while left before I retire so I wasn't worried about it. And my return has been VERY good. Ak is wrong by saying they made 8.5-9.2% every year that is a false statement. Because when using markowitz you don't have it both ways. There is really nothing wrong with doing business with prople you know and trust...but EJ isn't a magic investment bullet. edit/ In my experience, Ed Jones people are not advisors, they are sales people. At least they aren't Northwestern Mutual. :-) |
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Posted: 2/26/2019 8:05:48 PM EDT
[#50]
@midcap
If not the box store resource for meh mutual funds and over paying fees for a B grade adjent to glance at your account once or twice a year, where would a guy go to have someone manage the small bit of money he is putting back? |
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