The Motley Fool Discussion Boards

Previous Page

Financial Products & Services / Full Service Brokers

URL:  http://boards.fool.com/just-curious-why-im-not-seeing-any-updates-to-29573357.aspx

Subject:  Re: Edward Jones any Good ? Date:  9/29/2011  10:20 PM
Author:  drkuhlman Number:  1099 of 1107

Just curious why I'm not seeing any updates to this thread?

The reason I'm very curious about thoughts on Edward Jones is that I went with Edward Jones on a rollover of my company 401 in March 2011.
$100000 rolled over with the 5.75% commission. Now in Sept 2011, the $100000 is worth $88000.

Also gave him a $11000 non ira investment in April which is now worth $9500 after fees and commissions.

What am I missing here about the return on the Edward Jones offerings?

I tried to do some math on the returns of my company 401 using the investments I had and it seems to me that those returns are 7.7% in the plus vs. the Edward Jones huge losses?

Can anyone help me with the math or what I'm missing here? It just doesn't seem worth it to have given my 401 to Jones so that they could charge almost $6000 in fees to lose another $6000.

Thanks
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us