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Old 05-12-2016, 12:45 PM   #61
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I've got a different type of question/thought. As Ameriprise keeps growing and duping clients successfully it could be a good idea to purchase AMP. I'm against smoking, but got over it and bought PM and MO (I'm sure my mutual funds have always contained them). However, I haven't been able to overcome my animosity to Ameriprise and its business practices with its clients as I read about them on this forum or Bogleheads, but I hear that AMP is doing great...
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Old 05-12-2016, 05:52 PM   #62
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If you could sleep after owning PM then perhaps AMP is right for you...... Let us know
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Old 05-12-2016, 06:24 PM   #63
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If you could sleep after owning PM then perhaps AMP is right for you...... Let us know
I also owned MO before spin-off of Kraft and Philip Morris and still own MO and PM from that investment. Great investment . I am getting high 2 digit dividend yield on my initial investment.

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Old 05-12-2016, 06:26 PM   #64
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Are you going all in on AMP
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Old 05-12-2016, 06:31 PM   #65
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No I never ever had any advisor

After lawsuit MO was selling dirt cheap. It looked like good buy. It was many many years ago and indeed it was superb buy.

It is kind of the company I prefer to buy. Wide Moat with dedicated loyal customers. It may be bad for you but AAPL exploiting Chinese workers who commit suicide on daily bases is also not nice and I believe something like KO or PM will be here long after AAPL is gone
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Old 05-12-2016, 07:21 PM   #66
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I'm guessing the OP is getting a bit emotional as he feels exploited by AMP. At least that's the vibe I got after mentioning a possibility of investing in AMP. I didn't want come across as attempting to belittle you, but I'm honestly curious how they manage to dupe y'all. It's probably because people don't want to study their own money because it can be scary to have that responsibility. I get such a feeling once in a while as the pot enhances.

This has nothing to do with OP re considering AMP. There's so much information about the company and reviews of their tactics but for whatever reason people still choose to work with them... Same goes with PM and MO, KO, MCD, etc. There's loads of information how bad they are, etc., but businesses seem to thrive. If you researched mutual funds that Ameriprise FA bought for you, you might even find AMP beside PM, MO, etc.
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Old 05-12-2016, 07:44 PM   #67
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Sorry Aida
My comment wasn't meant to say that someone's a bad person for buying AMP. I phrased that horribly. I was simply trying to voice my frustration with my current situation. Sorry again.

Honestly, I haven't thought much about analyzing the buying opportunity of stocks that deal in death and swindling people. To be honest, I would like to think I wouldn't go out of my way to capitalize of these things even if I could profit. But, if they were in a recommended mutual fund that I liked, I wouldn't dump it for that reason alone.....not so consistent here
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Old 05-12-2016, 08:02 PM   #68
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Sorry Aida
My comment wasn't meant to say that someone's a bad person for buying AMP. I phrased that horribly. I was simply trying to voice my frustration with my current situation. Sorry again.

Honestly, I haven't thought much about analyzing the buying opportunity of stocks that deal in death and swindling people. To be honest, I would like to think I wouldn't go out of my way to capitalize of these things even if I could profit. But, if they were in a recommended mutual fund that I liked, I wouldn't dump it for that reason alone.....not so consistent here
But with Globalization all companies kinda exploit/swindle 80% of population. Capital is free to move anywhere in the world but working person can not pack and move.

Noam Chomsky's movies "Requiem for the American Dream" elaborates about it. It is interesting thing to watch on Netflix.
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Old 05-12-2016, 08:17 PM   #69
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Honestly, I haven't thought much about analyzing the buying opportunity of stocks that deal in death and swindling people. To be honest, I would like to think I wouldn't go out of my way to capitalize of these things even if I could profit. But, if they were in a recommended mutual fund that I liked, I wouldn't dump it for that reason alone.....not so consistent here
I stayed away from PM and MO for gazillion years until I couldn't. Yes, they shorten people's lives, but do they keep a gun pointed to your head telling to smoke...?? Speaking of guns and defense, those stocks are thriving as they manufacture massive killing equipment, planes, etc. If we wanted to stay totally 'kosher' I don't know there's a stock you'd be able to buy.

Sorry to hijack your thread. You've got actually different problem to deal with...like firing your FA. Best of luck! Hopefully Ameriprise doesn't have any strings, and you can move penalty or fee free.
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