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#1351 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1831532
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They sell people. Small one person offices with someone you can talk with
That person will likely sell you whatever pays them the most. They got in trouble w/ the SEC for not disclosing that conflict of interest so now it's in a document on the website Quote:
They are very, very popular and it surprises me. When the DOL fiduciary rule came out their first public position was that they would pull mutual funds and ETFs from their IRA options. Seriously |
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Posts: 7,037
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#1352 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-1613101
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Yeah, I think Ed Jones has a place in the world for people who really have trouble figuring out how to invest or who are way behind on their strategy. But for the most part, their fees are stupid high, and you would be better off with even just doing a target date fund on your own.
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Posts: 53,112
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#1353 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
Casino cash: $-291038
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My portfolio is with Baird Financial. I'm not great at managing my own money, so they create a strategies based upon need and where I want to go. It's worked out well.
I hadn't purchased an individual stock in years, primarily because that stuff just doesn't interest me. On a whim, I bought 4K shares of US Silica stock in August. I got in at $25.10 and it's trading today at $34.60. I'm a ****ing genius. ![]()
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Posts: 40,894
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#1354 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-1613101
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Quote:
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Posts: 53,112
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#1355 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
Casino cash: $-291038
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Posts: 40,894
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#1356 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-1613101
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Posts: 53,112
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#1357 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1318100
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Quote:
Munson, switch your money to something else. Edward Jones will be taking way too much of your future money! |
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Posts: 46,292
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#1358 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $8439646
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Posts: 23,383
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#1359 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-1613101
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Quote:
But you should definitely look into the fees on your accounts and expense ratios on your funds. Chances are you're leaving 1-2% on the table just to pay for a guy you can call from time to time. Is that the end of the world? Not necessarily. But over the long run, it can cost you tens (hundreds?) of thousands of dollars. Here's a more thorough writeup about it. https://investorjunkie.com/29127/edward-jones-review/ |
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Posts: 53,112
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#1360 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $-1943802
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I haven't been buying stocks for very long but I have a stock I purchased back in late August that's up 35%. I actually bought a subscription from a stock guru and most of the stocks I've purchased with his advice are doing well. The only thing with that is I'm constantly spammed to buy into another subscription. It's annoying. I have my guy at Ameriprise do the buying for me but my stocks blow away his ETFs. They're making money but they're holding me back. Of course I told him in the beginning that I was conservative so that's the way he originally set up my portfolio. I also get a discount on fees and pay only 1/2%. I bought NVDA on Chiefs Planets advice and it's rolling too. Up 28.5 % since I purchased it.
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Posts: 16,087
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#1361 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1831532
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Profit taking today on NVDA. We'll see what the earnings report brings tomorrow morning, Philfree. I saw a DB analyst upgraded price target to 190 today
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Posts: 7,037
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#1362 | |
Veteran
Join Date: Oct 2008
Casino cash: $9986835
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Quote:
It's great for the "Just make it work" crowd, for those who don't have the time or desire to do it yourself. I compare it to changing your own oil. I could do it myself, but id rather pay someone to do it for me. If you're concerned enough about it to be posting in here, ed Jones is probably not the best route. But there is a market for it. |
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Posts: 1,606
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#1363 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1831532
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https://www.bloomberg.com/news/artic...s-in-2-minutes
Singles Day firing up. Read 7.5 billion USD sales in first 40 minutes a bit ago for just BABA. JD shot up into green quick. Gotta respect making up new holidays to get ppl to spend money. |
Posts: 7,037
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#1364 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-670000
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Bought 500 GE at $19.94
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 54,894
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#1365 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Nice modest two day correction for DOW this week. Nice. Should take off again.
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Posts: 53,803
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