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progree

(11,463 posts)
11. As Host of this group, I would hope the participants here would refrain from giving specific investm
Tue Jul 7, 2020, 11:24 PM
Jul 2020
As Host of this group, I would hope the participants here would refrain from giving specific investment advice, up to and including suggesting the purchase of specific securities.


Yes, I would think that might include e.g. American Century gold funds, for example. (Or anyone's gold fund) The last time we had a gold bug post, a few months ago, someone posted a graphic showing how shitty gold's record has been over the long term.

One of my biggest problems is I have too many investment accounts from too many different investment companies. I had an arguably reasonable number but then I inherited some more accounts from different companies (e.g. Fidelity, Schwab) and many more which I got rid of near the 2009 market bottom (I bought other equities in place of those).

Anyway, I rather eat broken glass than open another investment account with yet another company, e.g. American Century or whoever else. People who want to do the gold route have many choices in ETF's or whatever with their current broker/mutual fund company (Vanguard, Fidelity, yada or whatever) without having to set up an account with yet another financial firm.

Think of who might inherit -- do you really want to bestow on them 10 plus financial firms with 50 or so holdings? Is 20 gazillion holdings really helping you or them? SIMPLIFY

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

Introduction [View all] hermetic Jul 2020 OP
My suggestion is that you want save what you have, limit your risk of loss. empedocles Jul 2020 #1
Sorry about the interruption, 4 yr old granddaughter had to go to the empedocles Jul 2020 #7
How nice hermetic Jul 2020 #14
I would suggest you ask her to sell enough so that you can pay for a couple of hours worth BComplex Jul 2020 #2
Thanks for your advice hermetic Jul 2020 #15
I worry if you inherited any IRAs or 401ks. progree Jul 2020 #3
Right on the nail head there. hermetic Jul 2020 #16
Don't put it in the stock market, good chance he's going to crash it before this is over. Canoe52 Jul 2020 #4
I don't think she has legal standing to tell you not to talk to anyone else about your account. Merlot Jul 2020 #5
Yep hermetic Jul 2020 #17
I have found financial people are more than happy to answer questions Merlot Jul 2020 #25
I am sorry for the loss of your dad. bottomofthehill Jul 2020 #6
Thanks hermetic Jul 2020 #13
Edward Jones is a pretty good company csziggy Jul 2020 #8
Thank you hermetic Jul 2020 #18
Yeah, when I was first looking at brokers I looked at online ones csziggy Jul 2020 #20
A few things you may want to consider; A HERETIC I AM Jul 2020 #9
"Well, guess what? It isn't up to her! It's YOUR MONEY! " progree Jul 2020 #10
As Host of this group, I would hope the participants here would refrain from giving specific investm progree Jul 2020 #11
I agree..... A HERETIC I AM Jul 2020 #12
I've never understood having many different investment accounts csziggy Jul 2020 #21
When I was a broker, the situation you described were dreaded. A HERETIC I AM Jul 2020 #22
The "Don't keep all your eggs in one basket" idea is fine for FDIC accounts these days csziggy Jul 2020 #24
THANK YOU! hermetic Jul 2020 #19
You are very welcome. A HERETIC I AM Jul 2020 #23
No prop taxes? paradise! bucolic_frolic Jul 2020 #26
Idaho hermetic Jul 2020 #27
Thanks! bucolic_frolic Jul 2020 #28
I just finished reading this thread, and I want to say PoindexterOglethorpe Aug 2020 #29
WOW! Thanks! And very well said! A HERETIC I AM Sep 2020 #31
Post removed Post removed Sep 2020 #30
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