Quote:
Originally Posted by DaFace
Yeah, I think Ed Jones has a place in the world for people who really have trouble figuring out how to invest or who are way behind on their strategy. But for the most part, their fees are stupid high, and you would be better off with even just doing a target date fund on your own.
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Right, firms like ed Jones sell the fact that they will help you get to a realistic retirement goal with a very high probability. For a lot of people, that's all they ask; preserve their hard earned principal and grow a bit over inflation, or create an income strategy to supplement social security and provide an above modest lifestyle in retirement.
It's great for the "Just make it work" crowd, for those who don't have the time or desire to do it yourself. I compare it to changing your own oil. I could do it myself, but id rather pay someone to do it for me.
If you're concerned enough about it to be posting in here, ed Jones is probably not the best route. But there is a market for it.