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There's another category where you have a paid account manager to manage your investments usually for a percentage of assets. People say you usually hear frequently from your manager who advises you to sell a given investment and buy another. This is a highly personalized service where you can pursue investments you are comfortable with and the manager keeps you up to date on new developements.

Of course, you pay full commissions on the trades. So this can be expensive. But presumably you can do quite well if you find the right manager and make good decisions at the right time.

The SSB portfolios I am familiar with are not managed. They select a portfolio of stocks to be acquired at the beginning and hold them to the end of the trust life. But as events change, they do not buy and sell components of the trust. In tech stocks (where for example Worldcom changed everything overnight), that is certainly not good enough. In other mature industries it may be.

I suspect managed funds are a better investment than the SSB portfolios.
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