The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Friend for a Financial Planner||Date: 8/26/2000 3:16 PM|
|Author: BGPenhollo||Number: 24370 of 75614|
"A good friend of mine from high school just recently completed training at American Express Financial Planners and is now beginning to build a client base. From a strictly business perspective, what his company offers sounds like an okay deal. There's a one-time planning fee of about $350 and the plan is supposed to cover a time frame of about 2 or 3 years."
I have only briefly looked at the AMEX funds and they are usually some of the worst funds available. AMEX FP's tend to recommend their funds which are load funds. I would think twice about dealing with an AMEX FP unless I was willing and understood that any money I invested with him was to help a friend - not expecting much in return other than knowing I was helping a friend.
As far as I know AMEX funds usually fall in the bottom quartile of returns. Go to Money.COM or SMARTMoney.COM and see how the AMEX funds rank.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|