Quote:
Originally Posted by tmax63
Talk to a real financial advisor, not someone here or somebody who slept at a Holiday Inn last night. I use Edward Jones and although some people don't like them my guy has done right by me. I'm not going for super high returns just steady, lower risk growth since I'm 62 and that's what they've done for me.
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EJ is reasonable at low investment levels because they take their fees out as a percentage of your investments (and I do strongly dislike that they kind of hide this fact). It's not so bad when you're just getting started since, for example, 1.5% of $10k in investments is only $150, which is pretty reasonable. If you stick with them for decades, though, and you've got your life savings with them, that 1.5% is suddenly $15k, which is nuts.
But you're absolutely right that, generally speaking, it's helpful for a lot of people to have "your guy" who you trust to help you work through a lot of the complicated questions like the OP is asking. That has value, even if I personally think there are other, less expensive options once you've got a general plan in place.