Join Early Retirement Today
Thread Tools Search this Thread Display Modes
ED Jones
Old 05-11-2004, 10:30 AM   #1
Thinks s/he gets paid by the post
frayne's Avatar
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,760
ED Jones

Anybody using Edward D Jones for managing a retirement portfolio, and if so, thoughts, returns, etc. ?

My neighbhor has been with EDJ for about five years and is withdrawing about 8% and his initial investment has grown even at the 8% draw rate.
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
frayne 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 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!

Re: ED Jones
Old 05-11-2004, 01:59 PM   #2
Posts: n/a
Re: ED Jones

I have been using Edward Jones for years, although
they don't really manage my portfolio. They mostly
answer questions and do what I tell them; just like everyone else when I was a captain of industry
Anyway, I have been quite satisfied. Not an easy thing to accomplish.

John Galt
  Reply With Quote
Re: ED Jones
Old 05-11-2004, 02:37 PM   #3
Recycles dryer sheets
Join Date: Dec 2002
Posts: 290
Re: ED Jones

My neighbor has been with EDJ for about five years and is withdrawing about 8% and his initial investment has grown even at the 8% draw rate.
Here is an important technical clarification: we generally talk about withdrawal rates (of roughly 4% over 30 years) in real dollars based upon a portfolio's initial balance. There are other approaches. One of the better alternatives is 5% of the portfolio's current balance. Another is a combination of the two: withdrawing a minimal amount that meets all expenses and withdrawing another portion that varies with the investment returns.

It is likely that he is talking about 8% of the portfolio's initial balance without making adjustments for inflation. Or he may be talking about a time period shorter than 30 years. [There is also the possibility that he is talking about 8% plus inflation lasting indefinitely. If so, he is likely to encounter an unpleasant surprise in the future.]

He may have an annuity. If his life expectancy is substantially less than 30 years, his payout can be larger than we what would calculate because the insurance company absorbs the risk of his living longer than expected.

Have fun.

John R.
JWR1945 is offline   Reply With Quote
Re: ED Jones
Old 05-11-2004, 06:22 PM   #4
Full time employment: Posting here.
Join Date: Sep 2003
Posts: 902
Re: ED Jones

Hi frayne,

When you say that your neighbor is withdrawing 8%, and his investment has grown even at that draw rate, it appears that you may believe that you can shop around for the right brokerage company, give your money to that company, and let them work their magic. If that's what you're thinking, you're really asking for trouble. It's not that simple - not even close. You wouldn't want to cross the threshold of an EDJ office without completing a great deal of study.

I, too, have used EDJ. I bought some CDs there years ago and they were fine. But I would NEVER let them manage my money.
Bob_Smith is offline   Reply With Quote
Re: ED Jones
Old 05-12-2004, 04:17 AM   #5
Posts: n/a
Re: ED Jones

Hello frayne! Bob-Smith is 100% right. I've used EDJ
for years but I agree with every word he posted.

John Galt
  Reply With Quote
Re: ED Jones
Old 05-12-2004, 01:02 PM   #6
Thinks s/he gets paid by the post
BUM's Avatar
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
Re: ED Jones

BINGO! Those selling the American Dream are keeping the profits for themselves. My neighbor tells a similar story. But he is pegging my BS meter.

I have a guy trying to get my account, saying that 15% per year is conserative. He wants me to establish a LARGE cash account and he will sell naked put options routinely. He says, "Hey, the worst that happen is that you might wind up with a 1000 shares of Home Depot for a while. But dont worry we can sell a few calls then dump it.!"

Forget these parasites. Develop a conservative balanced portfolio and stop worrying start living.

In a panamax down by the river.
BUM is offline   Reply With Quote
Re: ED Jones
Old 05-13-2004, 02:00 PM   #7
Recycles dryer sheets
Join Date: Sep 2002
Posts: 54
Re: ED Jones


Stop worrying and start living is what's it's all about. I think a simple portfolio allocation divided between Vanguard's total stock market and bond indices (e.g. Scott Burns) or the slightly the more elaborate Coffee House allocation, coupled with a variant of a 4% draw rate meets the "stop worrying and start living" criteria. I enjoy reading these posts, but they don't change my strategy. I follow a path between the two in that I use Vanguard's TSM, TIS, REIT, and short-term bond indices, but aiming to move to TBM when interest rates rise. I try to stay below a 4% draw rate.

What, me worry?
db is offline   Reply With Quote

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
Door-To-Door Ed Jones "Advisor"?? Goonie Other topics 4 03-17-2007 06:15 PM
Bad News for Indy... mickeyd Other topics 2 10-20-2006 12:30 PM
Things must be slow at Edward Jones... Gonzo Other topics 10 10-04-2006 11:09 AM
New Car Jones Sheryl FIRE and Money 63 01-18-2006 08:04 PM
Smarty Jones retirement laurence Other topics 1 05-06-2005 12:16 PM

» Quick Links

All times are GMT -6. The time now is 12:41 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.