re: Financial Advisor Problems

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This statement is wrong some advisor/firms due take a fiduciary duty to their client and get it in writing. This is a "must approach" to begin narrowing down who to work with

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You misunderstood the statement. A broker/dealer does not have the same fiduciay duties to a client that an investment adviser does. This is actually a proposal in the Obama Administration's proposed legislation regarding financial industry regulatory reform (i.e., bringing broker fiduciary duties in line with adviser fiduciary duties).

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Also, most advisor's can't place trades discretionary (so they would need your confirmation upon trade)...

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Well, that would depend upon the terms of the advisory contract that they signed with the adviser, right? You can have a discretionary or non-discretionary account.

Mo

Yes, it depends on the contract of course...but notice I said most accounts are set up discretionary

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do you just post here to boost your ego/justify yourself ?

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Careful, Z....keeping in mind your MVIS and other stock recommedations you've made. In other words, pot = kettle.

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you sound like a salesman

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What is wrong with being a salesman? I bet every one of those companies whose stock you've pumped have a lot of salesman working for them trying to get your stock prices up. Right?

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What a great question. I post on here for a number of reasons:

1. To help out a fellow poster with something like in my first post to Gumbo on how he can recoup some market loss.

2. To defend my profession from an unfair attack from the likes of your boy lsufan, who from his comment shows how very little he knows about my profession.

3. To engage in a discussion on financial topics with posters who have something worthwhile to discuss(that excludes you)

Fwiw, I do view myself as a salesman. I sale financial advice for a fee. In fact I would like you to name one business where your not selling something whether it be yourself, a service, or a product.

Also, I do not come on a message board for justification. I get that every time I add a new client...and business is good

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Compliments on your new method of responding to an attack .... well done ... i was just giving you a hard time and actually do appreciate your responses !!!

point taken, but i don't

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pump

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As far as a tax accountant goes you should use a cost benefit analysis. There are two different approaches to the cost benefit analysis that must be considered as well. The first is the easy one, can the accountant save me money? Will the reduction in taxes from his professional knowledge exceed the cost of his services? If yes, then it is a no breiner.

The second approach requires you to determine how much your leisure time is worth to you. You have to use your leisure time to prepare your own tax return. How much of your leisure time is dependent on the complexity of your financial affairs, your organization/record keeping, your knowledge of tax fundamentals and your familiarity with the tax preparation software package you use. (I'm assuming very few people fill out returns by hand anymore.) Is the value of the leisure time it will take you to prepare the return more than the cost of an accountant, or other professional preparer? If so, then hiring a professional is the right choice.

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Where does one invest and get 10-30 returns in 6 months?

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in almost anything. Have you not been paying any attention to the stock market since march?

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but 30% returns in 6 months?

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The DOW is up over 50% from its lows, so you basically could have dropped money in anything and gotten 30%.