Comments on: Investments I am Avoiding in 2010 http://amoderngal.com/2010/01/10/investments-i-am-avoiding-in-2010/ Healthy Living, without Breaking the Bank Mon, 21 May 2012 13:56:38 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Elizabeth http://amoderngal.com/2010/01/10/investments-i-am-avoiding-in-2010/comment-page-1/#comment-5580 Elizabeth Mon, 18 Jan 2010 20:14:03 +0000 http://amoderngal.com/?p=2300#comment-5580 Carol, as I was writing this, I thought of adding that there are of course good and bad people in all professions. I definitely think that having transparency in fee structure is a start. Carol, as I was writing this, I thought of adding that there are of course good and bad people in all professions. I definitely think that having transparency in fee structure is a start.

]]> By: Carol Hoffman http://amoderngal.com/2010/01/10/investments-i-am-avoiding-in-2010/comment-page-1/#comment-5577 Carol Hoffman Mon, 18 Jan 2010 19:01:04 +0000 http://amoderngal.com/?p=2300#comment-5577 Not all advisors are salespeople instead of real investors. Independent RIAs (Registered Investment Advisors) have a legal fiduciary duty to put their investors' requirements ahead of their own. They are usually Fee-Only (NOT FEE-BASED) and can be found on the NAPFA website. They must take 6 college semesters of classes on investments, tax, estate planning, education planning, and insurance. Of course, stock brokers and insurance salesmen are the opposite of what I described above and do actually fit the description Elizabeth had above. Not all advisors are salespeople instead of real investors. Independent RIAs (Registered Investment Advisors) have a legal fiduciary duty to put their investors’ requirements ahead of their own. They are usually Fee-Only (NOT FEE-BASED) and can be found on the NAPFA website. They must take 6 college semesters of classes on investments, tax, estate planning, education planning, and insurance.

Of course, stock brokers and insurance salesmen are the opposite of what I described above and do actually fit the description Elizabeth had above.

]]> By: Elizabeth http://amoderngal.com/2010/01/10/investments-i-am-avoiding-in-2010/comment-page-1/#comment-5519 Elizabeth Thu, 14 Jan 2010 18:08:48 +0000 http://amoderngal.com/?p=2300#comment-5519 Bret, I would like to see greater transparency of advisor fees and disclosures of the investments that the advisors themselves own. Thanks for commenting. Bret, I would like to see greater transparency of advisor fees and disclosures of the investments that the advisors themselves own. Thanks for commenting.

]]> By: Bret @ Hope to Prosper http://amoderngal.com/2010/01/10/investments-i-am-avoiding-in-2010/comment-page-1/#comment-5499 Bret @ Hope to Prosper Wed, 13 Jan 2010 07:47:06 +0000 http://amoderngal.com/?p=2300#comment-5499 Elizabeth, you are spot on with this post. Investment advisors often give horrible investment advice. That's because, as you pointed out, they are salespeople and not investors. And, the companies they represent are much more interested in generating fees and comissions than returns. Unfortunately, they are able to draw in a constant stream of novice investors, who aren't confident enough to make their own decisions. If advisors understood the markets, they would be investing themselves, instead of selling investment advice. Many advisors don't even have a portfolio of their own, because they are living paycheck-to-paycheck. They are more like shills than experts. Elizabeth, you are spot on with this post.

Investment advisors often give horrible investment advice. That’s because, as you pointed out, they are salespeople and not investors. And, the companies they represent are much more interested in generating fees and comissions than returns. Unfortunately, they are able to draw in a constant stream of novice investors, who aren’t confident enough to make their own decisions.

If advisors understood the markets, they would be investing themselves, instead of selling investment advice. Many advisors don’t even have a portfolio of their own, because they are living paycheck-to-paycheck. They are more like shills than experts.

]]> By: Carnival of Personal Finance #239 – Hot Money Trends of 2010 Edition | HighYields.com http://amoderngal.com/2010/01/10/investments-i-am-avoiding-in-2010/comment-page-1/#comment-5474 Carnival of Personal Finance #239 – Hot Money Trends of 2010 Edition | HighYields.com Mon, 11 Jan 2010 09:23:11 +0000 http://amoderngal.com/?p=2300#comment-5474 [...] ElizabethG from Modern Gal presents Investments I am Avoiding in 2010. [...] [...] ElizabethG from Modern Gal presents Investments I am Avoiding in 2010. [...]

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