Latest Breaking News

The Green Manalishi

(1,054 posts)

18. I don't understand what you mean. And no need for insults.

Wed Apr 27, 2016, 10:16 AM

Apr 2016

There *SHOULD* be a requirement than financial advisors disclose their own self interest when directing investments. The Rethuglicans are against this. My point is that one will do better with an independent financial advisor who has no financial interest in the advice they give you in terms of getting a commission. Why are you being an asshole to me? Show me ANYWHERE I am 'backing rich thieves' or apologize. The simple fact is that regulations or no, it is better to pay upfront for unbiased advice than to put your nest egg in the hands of someone who might very well have motivations for putting you into specific investments.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

29 replies

= new reply since forum marked as read

Highlight:

Washington Republicans want to kill conflict-of-interest rule, say it will harm retirement savers [View all] jpak Apr 2016 OP

Fee based is the only way to go The Green Manalishi Apr 2016 #1

I'm with you. forest444 Apr 2016 #2

In most cases I disagree with you Yupster Apr 2016 #11

What I mean is paying an expert to tell you what to invest in The Green Manalishi Apr 2016 #12

Most brokerage firms are moving toward fee based investment plans Yupster Apr 2016 #14

I merely asked my advisor what to buy The Green Manalishi Apr 2016 #15

So what do you do when you have a bond come due Yupster Apr 2016 #16

It varies. The Green Manalishi Apr 2016 #17

But how do you buy the bond? Yupster Apr 2016 #21

Yes. The Green Manalishi Apr 2016 #24

Then you're right back to the same thing Yupster Apr 2016 #27

I see what you are saying, but The Green Manalishi Apr 2016 #29

Unless it is a muni bond from some place like Detroit 1939 Apr 2016 #22

This message was self-deleted by its author Yupster Apr 2016 #28

obfuscation DiverDave Apr 2016 #13

I don't understand what you mean. And no need for insults. The Green Manalishi Apr 2016 #18

Man, you don't get the rule change DiverDave Apr 2016 #19

Your comprehension sucks The Green Manalishi Apr 2016 #20

One thing that i have learned over the course of my life 1939 Apr 2016 #23

The new ripoff market 2naSalit Apr 2016 #3

Nailed it!!!! Wellstone ruled Apr 2016 #7

Vote us into government because government cannot work... athenasatanjesus Apr 2016 #4

The standard US business model in three words: Lie, cheat, steal. PSPS Apr 2016 #5

Whose retirement savers? RoccoR5955 Apr 2016 #6

Not just the Repubs but HOW BLATANT CAN YOU BE??? underpants Apr 2016 #8

You left out the full headline Lucky Luciano Apr 2016 #9

If a republican said it, it's a lie! Uben Apr 2016 #10

This is typical republicanism.. sendero Apr 2016 #25

Really no big surprise since they practice 2naSalit Apr 2016 #26