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For the most part, the people who give advice only recommend funds that give them a kickback one way or another. A part of the load, etc.

That is why the advice you get is so consistently terrible. They limit themselves to the funds that pay for recommendations.

Every now and then, particularly when my Waterhouse account is mostly cash, somebody will call and try to relieve me of some of that cash. His attitude is that since I am in cash (usually when the market is tanking) I must not know how to invest. Of corse, in my IRA I cannot short stocks when the market tanks, so I have to be in cash (or perhaps a "short" fund, but those do not perform very well).

Of course, it is always a load fund.
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