UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
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 78663  
Subject: Re: Certified Senior Advisor a Scam? Date: 7/9/2007 11:05 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Your biases are really hanging out there.

It's really my personal opinion. I've known many, many people who have used financial advisors, either insurance folks, financial planners, brokers, or whatever. In every instance, they've been sold a bill of goods that aren't in their best interests, but that are in the best interests of the person giving the advice. The folks I'm talking about who got scammed are high earners, usually with graduate degrees. They end up paying huge fees and getting low or below average returns, with high annual expenses. The stock brokers and insurance agents are the worst of the group. I particularly hate the way these so-called experts rip off the elderly by praying on their fears of going broke. Enough said. Yes, my opinion of these scammers is really hanging out there, but there's a good reason for it being that way.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next


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

A Financial Prognostication
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 Glassdoor #1 Company to Work For 2015! 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.