livingalmostlarge
Recycles dryer sheets
- Joined
- Feb 8, 2014
- Messages
- 334
Okay my parents have been ripped off for years and I'm trying to slowly reorganize their portfolio. No they will not give up control. No I have to work with their "advisor" are raymond james. These are facts. No I do not have POA. Everything is super slow because I have to email my mom who forwards it to the advisor who try to talk them out of stuff. Anyway here's the deal of some of the bad stuff
I want to dump everything my parents own that is now and just reinvest it better. I cannnot move it from Raymond James. They have sold their soul on stuff but what choice do I have since my dad is still alive and my mom said I can't handle it until he dies? I can tell her what to tell their financial advisor but we are basically paying $10k/year for nothing on a portfolio of $1m.
Here are some of the stuff I want to dump, by the way some of it they bought less than 1 share. The horrifying reality of being ripped off is incredible.
GFFFX - initially bought 0.803 shares
AGTHX
BBN - in a IRA
FIIAX
SGENX
MEIAX
VTRS
MO - 10 shares and losing big
HD - 1 share (my parents accounts were churned)
CGIIX
GTSYX
Should I sell it all and just plow the money back into VOO 60% and 40% VBRIX?
I'd like to just KISS but my biggest fear is that the market is so high. But some of these terrible things they've held for 15 year making no money or minimal. Also most of these are IRA or Roth IRA so it's not going to create a taxable event.
I want to dump everything my parents own that is now and just reinvest it better. I cannnot move it from Raymond James. They have sold their soul on stuff but what choice do I have since my dad is still alive and my mom said I can't handle it until he dies? I can tell her what to tell their financial advisor but we are basically paying $10k/year for nothing on a portfolio of $1m.
Here are some of the stuff I want to dump, by the way some of it they bought less than 1 share. The horrifying reality of being ripped off is incredible.
GFFFX - initially bought 0.803 shares
AGTHX
BBN - in a IRA
FIIAX
SGENX
MEIAX
VTRS
MO - 10 shares and losing big
HD - 1 share (my parents accounts were churned)
CGIIX
GTSYX
Should I sell it all and just plow the money back into VOO 60% and 40% VBRIX?
I'd like to just KISS but my biggest fear is that the market is so high. But some of these terrible things they've held for 15 year making no money or minimal. Also most of these are IRA or Roth IRA so it's not going to create a taxable event.