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URL:  http://boards.fool.com/broker-issue-30616935.aspx

Subject:  Broker issue Date:  4/1/2013  1:04 PM
Author:  SaraW946 Number:  71619 of 80007

About a year ago I decided to open supplemental retirement plans in the US since I now live here. On the advice of a couple of friends, I opened a Traditional IRA account with a broker/financial advisor who works for a big investment firm that shall remain unnamed. Because I didn't know how good she was, or if indeed this would be a good idea at all, I only let her open and manage my IRA and no other account which disappointed her. I became very uneasy because:

1) She bought two funds that seemed to be continuously losing. At some point I was losing more than 10% even though the stock market had gone up. The funds in question were Franklin Growth Class A (FKGRX) and Franklin Rising Dividends Class A (FRDPX).

2) She only called me once a year, although she had said she would call every three months. She said she liked those two funds because we were in a financial crisis and people buy utilities. It is noteworthy that the stock market was up, we are out of the crisis, and the two funds were not utilities at all. She also blamed Obama for everything and said that if the Republicans won, all businesses would start hiring, the economy would boom, and all would be well! I calmly replied to that nonsense by bringing to her attention the real situation with the US and global economy and even told her about the impact of politics on the economic cycle since I happen to be a specialist. She obviously avoided the conversation and rang off.

3) Her mantra had always been that since I am a pro