No. of Recommendations: 1
Edward Jones representatives will recommend mutual funds from families that pay them. To them, Vanguard is a dirty word.

Fidelity charges you around $10 when you buy or sell a stock. Edward Jones will charge around $200 if you are buying $10000 worth of a stock. The broker can give you a discount, but you won't get much below $100 for a buy or sell unless it is a few shares at a time.

They don't charge a lot of account fees. They are pretty good about that.

Ask to see their focus list. Do you get a monthly little newsletter? Ask for it. They do select good, bread-and-butter types of stocks. I have an account with them, have often considered closing it because it is so much cheaper to deal with e-Trade--but when the year is over, the Edward Jones account has done very well. So I keep it. And the broker, of course, is a nice fellow I basically like.

The focus list will recommend what proportion of investments in which sector. The stocks recommended are salt-of-the-earth sorts like Proctor & Gamble, Johnson & Johnson, Microsoft--that sort of thing. They won't churn the accunt.

There is no law that says you have to have all your money with the same firm. I have my account with Edward Jones, but also Vanguard and Fidelity and some others. I do each year close the worst-performing one and either send the money to the best-performing or sometimes use it to open a new account somewhere else. Results have been good.

Best wishes, Chris
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