travelover
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 31, 2007
- Messages
- 14,328
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Unless you have lost most of your senses, it should be pretty easy to spot churning and commission generating transactions before they happen. As usual, it will pay to understand how things work, and know what questions to ask, and when you should terminate a relationship with a broker, advisor, of planner.
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When my MIL was in her 80's her "advisor" would call her regularly to get "her permission" to make trades. She had no idea what he was doing and just always said "if you think I should, go ahead". It was clearly churning, but she was unsophisticated and getting a little senile.