And if they think Vanguard isn't doing things like bumping spreads in order to make their money, these folks are sadly mistaken. They don't do this shite for free just to be nice guys.
quote:Right, because 1999 was a great example of when all of the "pros" and Joe financial advisors of the world had it all figured out.
It just pisses me off when I see people say "Ahhh just do it yourself". Sure, because that sure worked out well in 1999 when every moron who could left click a mouse had an e-trade account. And subsequently lost all of their money. The average person doesn't have the time, expertise nor inclination to do their own investing. Some do and that's fine but to blanket statement this guy is just ridiculous.
What is the min/max initial? And there isn't really a min once you get it going right?
I own a black and decker drill. Gonna do my own dental work from now on too. I watch Judge Judy, gonna do my own litigation.
Right, because 1999 was a great example of when all of the "pros" and Joe financial advisors of the world had it all figured out.
If more people would have talked to their Edward Jones advisors in 1999, maybe nobody would have lost any money.