Skip to main content
No. of Recommendations: 1
A couple of old quotes come to mind:
" a sucker is born every minute", and " you can't con an honest man".

The con in the article you cited is different than getting conned on the street,
the leaders probably wore nice suits, were well groomed and articulate. But they
are more dangerous to a persons wealth than any street criminal.

Pretty much everybody I know from work that retired handed over their retirement money
to an investment firm. When I would ask them simple questions like how much they'll be
paying in fees, is the advisor charging a fixed percentage for assets under management,
are they buying and selling from a family of funds and if so what are the transaction costs,
all of these questions were brushed off, usually with a comment that everybody else that
retired from our company uses this investment firm, so they must be good.

I did go to the Christmas party/investment pitch at a local distillery that the investment
firm threw. Free drinks and a chance to catch up outside of work with a lot of people, it was
a fun couple of hours.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.