Quote:
Originally Posted by Hog's Gone Fishin
I set my daughter up an account with Edward Jones and discussed with them where to invest. They charge 2% in and 2% out. Then I set up a custodial account on Etrade for her and put the rest of her money in the same funds he used. This way i have a professional I can use for advice without them stealing my /her money.
And i realize that although the more money they make you the more they make for themselves but they aren't as attached. I just don't believe in buying stocks or mutual funds and not keeping an eye on performance. what good is a stock that you bought at $20 and over 10 years goes up to $70 but at the end of the 10 years it's sitting at $20 again .
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Can't say I understand the mentality of doing as much active trading as you do but losing 2% of it to EJ...