I was going to hijack the diversification thread but I decided to start a new one:
Originally Posted by . . . Yrs to Go
I'm a corporate bond research analyst for a major Wall Street firm.* Consider my advantages:
Yeah, but "our" Edward Jones broker (a 20-something named "Josh") is opening an exclusive new branch in our neighborhood and he's accepting applications for a select few customers.* He made a personal unsolicited visit to our front lanai with an invitation to my spouse to buy a AAA-rated Hawaii municipal bond that's been "selling like hotcakes".* He'll even let us buy $10K of it if we act quickly (before it's all gone!).*
He was willing to make this exceedingly generous offer even though he knows nothing about our family, our goals, our portfolios, our risk tolerance, or our asset allocations, and even though we know nothing about his commissions or fees.* (Maybe he doesn't have any.* He seems like a nice guy.)* Once my spouse told him that we were retired, he was certain that this bond was meant for us.
I don't see how you can compete with Josh!
I'm eagerly anticipating his next visit.* I have a few questions to discuss with him... I might even wave a few fistfuls of things in his direction.