Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Beware of Retirement Scams
Old 12-20-2007, 09:56 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Beware of Retirement Scams

Interesting article
http://finance.yahoo.com/focus-retir...-post-spending
__________________

__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-20-2007, 12:04 PM   #2
Full time employment: Posting here.
Helena's Avatar
 
Join Date: Aug 2006
Posts: 655
Any money invested in the stock market is at risk.
__________________

__________________
Helena is offline   Reply With Quote
Old 12-20-2007, 12:29 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
This kind of article is kind of preaching to the choir here......

The couple gave their retirement portfolio to a FA with general instructions to "invest it conservatively" and only went back and checked on how he was doing when others pointed out to them that he had lost much of the assets in their own accounts? Oh boy......

The FA, given other details in the article, should, of course, be castrated and have his nuts stuffed in his mouth while he stands on his head in a bucket of crap whistling Dixie......... but that doesn't do anything for the folks his poor investment skills and greedy tactics penalized.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 12-20-2007, 12:38 PM   #4
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Quote:
Originally Posted by youbet View Post
...
The FA, given other details in the article, should, of course, be castrated and have his nuts stuffed in his mouth while he stands on his head in a bucket of crap whistling Dixie......... but that doesn't do anything for the folks his poor investment skills and greedy tactics penalized.
So, tell us how you really feel about this FA.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Old 12-20-2007, 03:33 PM   #5
Recycles dryer sheets
 
Join Date: Dec 2006
Location: Florida
Posts: 249
Geez, why all the crooks around, when respectable finance types will manage your (or your Trust's) money for just 1-2% of assets per year? Why invest the stock money in a low fee Vanguard account when we can use this nice in house stock fund that only has 0.5% annual fees (plus trading costs of course...)? Plus other fees. Plus ... oh heck I am getting het up again.
__________________
I've got nothing against an honest day's work, provided that someone else does it.
pedorrero is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Beware. Socialism is Everywhere tomz Other topics 73 10-09-2007 04:25 PM
ER Withdrawal Scams pfpelican FIRE and Money 1 08-23-2007 05:11 PM
Beware of RCN OldAgePensioner Other topics 18 06-16-2006 03:49 PM
Buyer Beware fletzie FIRE and Money 0 04-20-2005 11:33 AM
Ebay and scams Eagle43 Other topics 19 03-20-2005 03:30 AM

 

 
All times are GMT -6. The time now is 05:16 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.