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No. of Recommendations: 0

I'd say get rid of this clown immediately. I'm quite new to this stuff myself, but these commission and management charges sound outrageous to me. Other Fools can give you more insight, but it sounds like you're really getting pimped.
I would continue to stay informed. I'm just starting out with investing myself and have learned a ton of useful information from these pages and the Gardners' books. Good Luck.
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