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re: What's your thoughts on Edward jones?
Posted on 5/7/13 at 7:15 am to Jason9782003
Posted on 5/7/13 at 7:15 am to Jason9782003
Edward Jones sucks. If you're gonna buy American Funds, buy from them directly. Capital Group is their parent and they hire competent brokers.
0
Posted on 5/7/13 at 8:37 am to jmarto1
quote:
Go see Reid Mclellan.
I was actually in the military with Reid and he's a good dude. If I was going to recommend a FA besides myself it would be Paul Mascagni at UBS.
Posted on 5/7/13 at 8:50 am to roguetiger15
quote:
come to morgan stanley, we'll fix you up.
i'll bet you will.Posted on 5/7/13 at 1:47 pm to LSUtoOmaha
This x 1000
Posted on 5/7/13 at 1:48 pm to dwr353
Sorry, was agreeing with LSUtoOmaha. Self-directed IRA is the way to go.
Posted on 5/9/13 at 8:48 am to LSUtoOmaha
"This will go well.
Honestly, no, EJ is not a good place to start. 90 percent of their "advisors" are salesmen who do not know what they are doing. You should roll your 401ks into an IRA with a brokerage like Fidelity or Schawb, invest in a few diversified Index Funds, and you will do better in the long run. EJ likes to get customers to buy funds that get them the highest percentage fee. They will likely not look out for your best interest. "
+1
cute at first but doesnt end well...
i have my work stuff and personally have an account with vanguard which I recommend, the original low cost index fund company.
Honestly, no, EJ is not a good place to start. 90 percent of their "advisors" are salesmen who do not know what they are doing. You should roll your 401ks into an IRA with a brokerage like Fidelity or Schawb, invest in a few diversified Index Funds, and you will do better in the long run. EJ likes to get customers to buy funds that get them the highest percentage fee. They will likely not look out for your best interest. "
+1
cute at first but doesnt end well...
i have my work stuff and personally have an account with vanguard which I recommend, the original low cost index fund company.
This post was edited on 5/10/13 at 6:50 am
Posted on 5/9/13 at 11:07 am to jimbeam
quote:
from what i've heard stay away and invest in several index funds through a low fee service
Depends on his age.
Vanguard indexed funds are very low costs.
Costs would be a big concern of mine.
Posted on 5/9/13 at 11:19 am to Uncle JackD
quote:
Pro/cons of EJ?
Zero pros. They are sales reps with little to no investment savvy.
quote:
If not EJ, what else do you recommend?
Make appointments to interview FA/CFP's at Merrill Lynch, Morgan Stanley, and UBS. And I mean "interview". It's your money and you need to feel comfortable with whomever will be advising/managing.
Bring your statements with you and have them build a plan based upon your goals. If you will be an active trader, ask about an account with a wrap fee to avoid paying commissions on every move/trade(think all-inclusive Sandals resort. One fee covers everything).
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