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No. of Recommendations: 6
At age 53, after reading several Motley Fool books, taking their e-mail investment course and studying dilligently about investing, I called my full-service broker (who never calls me with any of his 12-years of experience suggestions) and told him I had decided to sell my IRA Putnam Funds and invest the money in individual stocks of my choice.(a self-directed IRA) He was very cooperative until I revealed to him that I was not going to pay his full-service commissions and a $30 yearly maintenance fee for my IRA. If there are any female investors reading this, you will understand when I say that I did not appreciate his condesending attitude or tone of voice. He would not have spoken so to my husband. He was genuinely amazed that I had some knowledge and could make my own decisions. These so called service brokers are losing customers right and left---He sure lost me. Thank you, Motley Fool for giving me the confidence to go on my own and control my future. Without my broker's help, I took one of my IRAs, rolled it over to an on-line broker, and chose 4 stocks for investment back in June. THis IRA has done so well that my husband is in shock. He's even asking me for advice!! Keep up the good work--I recommend your books to everyone.
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