that was my friend thought in 2007

回答: He/she should look for wealth management.Morning3evening42012-01-16 18:50:00

In 2007, the firm got bought out and she got $1 million from the deal. She put money in a professional manager's hand. In 2009, whole account worth about 60w.

It never recovered to $1 mil.

She pays 1.5% to the manager. The manager bought mutual funds for her. LOL...

Then I pointed out to her that she not only pays fees to those mutual funds, but also pays her manager for nothing. She could just pay me 0.5% and I could choose better funds for her. haha...

Don't go there. $1.5 mil isn't that much of money that they care that much.

所有跟帖: 

true, same thought here. -SunshineInCA- 给 SunshineInCA 发送悄悄话 (0 bytes) () 01/16/2012 postreply 19:31:48

As always, anything could associate with risk. -Morning3evening4- 给 Morning3evening4 发送悄悄话 Morning3evening4 的博客首页 (534 bytes) () 01/16/2012 postreply 19:32:22

回复:Strongly agree -ZhangZhouDaTou- 给 ZhangZhouDaTou 发送悄悄话 ZhangZhouDaTou 的博客首页 (695 bytes) () 01/17/2012 postreply 07:32:04

同意,钱还得自己管。不让dollar cost average 买SPY, QQQQ,至少不会亏大本。 -johndoe23- 给 johndoe23 发送悄悄话 (0 bytes) () 01/16/2012 postreply 19:46:31

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