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Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: My Meeting with the AmEx guy Date: 2/26/2004 4:13 PM
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<< Sorry, you might wish to review your posts, but the tone was 'oh, those poor investors, let ME invest your money SAFELY in high commission, high cost products, and you'll do "OK"'...... >>

Fascinating! I can understand how this might be seen this way through the eyes of a cynic.


Look, I'm not bashing financial advisors and the like (particularly since I spent many years in one of the more bashable professions), but financial advisors are a waste of money and time. Anyone with sufficient intelligence to read simple magazines can do as well or better than they otherwise would have done with so-called professional advice. Folks who aren't able to read usually don't have enough money to interest finacial advisors in the first place. Folks who are too old to know any better make the best custormers, of course, since they are suckers waiting to be sucked dry of funds. This is why the adult children of the elderly should take a more active role in helping their aging parents invest wisely.

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