UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: WaveHarp Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Money Markets?? Date: 10/10/1999 4:11 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My mother (60) hired an investmeny manager, regretfully, to manage her retirement account. At first, he put all of her money in high-risk categories. I forced him to change that. Then, he put all of her money in Money Markets. Half of the symbols cannot be found for tracking. Is there a way to track these? AEBXX, AMBXX, NPDXX, & NPFXX. AEBXX can be found, but not the others.
My next question: He has all of her money in 7 Day Net Yield accounts. Aren't there higher yields if her money is in money markets for longer durations before reinvestments? Basically, I am just trying to determine whether or not he is acting only in his behalf in order to get more commissions. Without her knowledge, he set up her portfolio in such a manner that she cannot withdraw any of her money, without major penalties, for seven years. It is outrageous! She is 60, and was recently laid off from her job of 35 years. He knew that she would need some of her money before then. Do we have recourse? Any advice
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Mylan Transitioning from Generics
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement