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re: Need to Start Investing

Posted on 4/21/11 at 10:23 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73784 posts
Posted on 4/21/11 at 10:23 pm to
quote:

Are these Edward Jones places legit,

\
the only thing they are good for is money market funds.their annual fees for roth iras are ridiculous and their loads and expense ratios are outrageous.go with VANGUARD.
Posted by 12Buck
Baton Rouge
Member since Jul 2005
592 posts
Posted on 4/25/11 at 3:40 pm to
quote:

Are these Edward Jones places legit,



\
the only thing they are good for is money market funds.their annual fees for roth iras are ridiculous and their loads and expense ratios are outrageous.go with VANGUARD.


This statement makes absolutely no sense and is a very uneducated statement. Edward Jones and Vanguard are NOT in the same business. Edward Jones sells funds they do not have their own funds. Vanguard is very cheap at what they do but you can go to an Edward Jones, Merril Lynch, Ameriprise Advisor to purchase Vanguard and any other fund family that you are interested in. They are there for advice. It is not Edward Jones or whoever your advisor works for that has the high expense ratio its whatever fund family they chose to recommend to you.
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