Comments on: Where is your investment advisor and what should they be saying?

By: Riscario Insider

Riscario Insider — Mon, 20 Oct 2008 02:46:22 +0000

I’ve got two investment advisors. One has been sending emails almost every week. The other must think silence is golden — not a peep.

By: The Rat

The Rat — Fri, 12 Sep 2008 18:20:30 +0000

I tend to have my own self-directed brokerage account. I only try to rely on a broker or ‘money advisor’ if there is a structural change to an organization that I have shares with that may require clarification.

If you are a person that feels the need to have one, than that’s perfectly fine. Personally, I despise having to pay for these types of services, as well as any MERs that are required upon purchasing mutual funds – which is why I tend to stay waaaay clear from them as well.

Cheers
The Rat

By: tom

tom — Fri, 12 Sep 2008 14:14:16 +0000

I’m an advisor and I send out a e-newsletter each month to keep clients informed. I’ve contacted a few others by mail or phone to touch base as well. Surprisingly, few are in panic mode just yet.

By: Nurseb911

Nurseb911 — Fri, 12 Sep 2008 02:00:12 +0000

Great post!
Everything I do is DIY, but I have more than a few friends who have received advice recently from their “money advisors” to sell funds and buy other ones with even high MER’s. I’ve given the advice that they should FIRE each and every one of them and take a list I wrote some time ago on their shopping trip for a new advisor.
When everyone looks to be at its worst, I’m usually thinking NOW is the time that I want to start buying.

By: Geoff

Geoff — Thu, 11 Sep 2008 21:12:50 +0000

A good analyst would have seen these dips months ahead of time and recommended moving you into investments with sustainable results.

The stuff that’s been going on in the financial world has been highlighted for months in the alternative press.

There is a lot to be said about the sources of financial information you use to drive investments. Mainstream news feeds begets mainstream results. << good topic of discussion

By: Mom2KG

Mom2KG — Thu, 11 Sep 2008 13:51:10 +0000

Our guy is quiet just at the moment, but we’ve been moving to self-directed investments this year. On the bright side, he did call about two months ago to say we’d be seeing a dip in our portfolios, and invited us to come see him. We appreciated the call – it’s a hard one to make.