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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Yeah, Edward Jones has a reputation for being kinda expensive. They have their niche; local reps dealing with clients who are financially illiterate. There are much better options out there for cost as well as investment options.
I'm taking about actively managed portfolios with aggressive strategies. Kind of like a hedge fund lite.
EJ will sell you a mutual fund but that thing probably won't adapt to the market like active mangement.