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![locked post](https://www.tigerdroppings.com/images/layout/lock.gif)
Edward jones consultant. Are they legit or ripoff?
Posted on 12/27/12 at 10:39 am
Posted on 12/27/12 at 10:39 am
Going to visit one later on today and wondering your thoughts on these financial advisors. Are their fees absurdly high? Do they ale care and caution to your investments?
Posted on 12/27/12 at 10:44 am to Lookin4Par
quote:
Going to visit one later on today and wondering your thoughts on these financial advisors.
I personally wouldn't. Fees are fairly high and they can't put money everywhere. They have things that are off limits to them.
Posted on 12/27/12 at 11:22 am to Lookin4Par
quote:
Going to visit one later on today and wondering your thoughts on these financial advisors.
There are better options out there.
Posted on 12/27/12 at 11:45 am to Lookin4Par
quote:
Do they ale care and caution to your investments?
my dad used one for years and took a bath on a Morgan-Keegan fund during the sub-prime crash. The Jones guy had no clue what was going on and kept telling him the drop was cyclical and the fund would come back. IMO some are just peddlers selling whatever the company is pushing at the time. (admittedly anecdotal with a very small sample size :)
This post was edited on 12/27/12 at 1:53 pm
Posted on 12/27/12 at 3:50 pm to Lookin4Par
They are legit, especially if you want advice and have less than $100,000 to invest.
If you don't want to pay for advice, go the internet account route with Fidelity, Schwab, and such.
If you don't want to pay for advice, go the internet account route with Fidelity, Schwab, and such.
Posted on 12/27/12 at 7:45 pm to Lookin4Par
run away from EJ on basically everything but MMA's used like a savings/checking account. Having that with them is fine, but that is it basically.
they will put you in high front end sales load funds(instead of R shares), high annual fees for the ROTH IRAS(compared to ZERO from VANGUARD and others) and not much too choose from fund family wise. Also they live in yesteryear when it comes to modern day trading. You cannot trade stocks or make changes to your funds online like you can with VANGUARD and other companies. You still have to call them! YES! Like i had to do with my commodity broker in 1997! IS that not crazy? They mainly cater to people who do not know WTF they are doing or do not have time. MAKE TIME! LEARN! You can do some research or just dump some money into some index and/or retirement funds and do just as well.
Been there done that. RUN AWAY from EJ on everything but MMA's. Some other companies charge a higher rate for having check writing abilities so it is the ONLY thing from EJ that i endorse.
LINK
they will put you in high front end sales load funds(instead of R shares), high annual fees for the ROTH IRAS(compared to ZERO from VANGUARD and others) and not much too choose from fund family wise. Also they live in yesteryear when it comes to modern day trading. You cannot trade stocks or make changes to your funds online like you can with VANGUARD and other companies. You still have to call them! YES! Like i had to do with my commodity broker in 1997! IS that not crazy? They mainly cater to people who do not know WTF they are doing or do not have time. MAKE TIME! LEARN! You can do some research or just dump some money into some index and/or retirement funds and do just as well.
Been there done that. RUN AWAY from EJ on everything but MMA's. Some other companies charge a higher rate for having check writing abilities so it is the ONLY thing from EJ that i endorse.
LINK
This post was edited on 12/27/12 at 8:07 pm
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