Hello all Fools,I met with one of the Wise last nite to discuss my mother in laws portfoilo..She is 75 and has about 250,000 in assets. Anyway...some of the things he told me I could not believe. He said no one should ever put money in a childs name, since it is more difficult to access grant and loan money for college..When I told him I had a drip for my grandson he said it was not a good idea.. Also-- he belives in load funds over no loads, since he claims that fund managers have access to info about the funds before we do and everyone should have their money professionally managed. I have been doing my own portfolio for abour 7 years and I am doing fine...I read everything and am very careful.I realize I have been investing within a bull market but everyone's situation is different with regards to how much risk they can tolorate. He did seem knowlegable and is a CPA but I do not agree with alot of what he said..Well -- i have more to say on this and some questions but I will post it at another time..Debbie
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