Why Does this Forum Distrust Financial Planners?

[REWahoo]

From a SmartMoney.com article on the screwing help investors can expect from financial advisors:

"...I can name 155 reasons why investors should continue to view the financial services industry as sheep would view a pack of rabid wolves.

One hundred and fifty-five is the number of investment options our fund screener spits out when asked to locate funds with upfront loads of at least 5%, annual expense ratios of at least 1% and negative annualized returns since inception. And every time I run that screen I'm amazed the software doesn't choke."

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"...the corporate spokespeople defending loads are finding it hard to see what's obvious to investor champions like Vanguard's John Bogle and millions of individual investors. In an era of exchange-traded and index funds, 5% upfront commissions are nothing but a rip-off."

http://smartmoney.com/trendspotting/...story=20051117