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CNBC's American Greed Financial Advisors and Investors

Topic closed. 24 replies. Last post 5 years ago by haymaker.

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ny, ny
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February 13, 2012
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Posted: February 22, 2012, 12:03 pm - IP Logged

I watched several episodes of this television series and came away thinking you cannot trust so called financial advisors with your money. With all this coming to light about the wealthy being robbed blind, how do you handle your hundreds of millions when they come in.

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    East of Columbus, OH
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    December 28, 2011
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    Posted: February 22, 2012, 12:21 pm - IP Logged

    You are going to either self-educate on investments or you are going to have to trust someone to look after your money. 

    I plan on simple investments that will earn me and my family enough to live on.  Maybe mutual funds. 

     If you decide to let someone handle your investments, you should constantly check on it and know what is supposed to be coming in and going out.

    There are a lot of good investment type of people out there that are trustworthy, don't be discouraged by a few bad apples.  It's the few bad ones that hurt the vast majority of good ones.

    Life's Too Short To Be Unhappy Cool

      LottoGuyBC's avatar - Lottery-050.jpg
      British Columbia
      Canada
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      September 4, 2011
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      Posted: February 22, 2012, 12:27 pm - IP Logged

      1. stick them in coffee tins and bury it in the backyard

      2. stick them in the mattress

      Idea

      "You have to be in it to win it!"

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
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        Posted: February 22, 2012, 1:01 pm - IP Logged

        I watched several episodes of this television series and came away thinking you cannot trust so called financial advisors with your money. With all this coming to light about the wealthy being robbed blind, how do you handle your hundreds of millions when they come in.

        References, references, references.

        Make sure they're completely vetted.

        Luckily, a lot of the biggest crooks aren't available right now.

        They're in Washington DC running the country into the ground.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

          sully16's avatar - sharan
          Ringleader
          Michigan
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          Posted: February 22, 2012, 1:03 pm - IP Logged

          Give the money to me, I'll take care of it.Blue Angel

          Did you exchange a walk on part in the war ?

          For a lead role in a cage?

           

                                                      From Pink Floyd's " Wish you were here"

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            new york
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            February 11, 2012
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            Posted: February 22, 2012, 1:18 pm - IP Logged

            do background checks on them. interview them like your hiring an employee. never give them full control. always know what there doing with your money. best bet is to educate yourself.

              haymaker's avatar - Lottery-012.jpg
              Egg Harbor twp.south Jersey shore
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              Posted: February 22, 2012, 7:33 pm - IP Logged

              use flat fee only advisors,no commision people,

              use 2 different advisors,and compare advice,

              the company that has  more conservative ideas is prolly right.

              you control the money and check on it often.

              as others have said,educate yourself,

              you have time for this as you no longer have work for someone else.

              keep watching cnbc,many people think its boring,

              but i learned from watching it.

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

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                Posted: February 22, 2012, 7:43 pm - IP Logged

                I watched several episodes of this television series and came away thinking you cannot trust so called financial advisors with your money. With all this coming to light about the wealthy being robbed blind, how do you handle your hundreds of millions when they come in.

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                Jack-in-the-Box

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                  Posted: February 22, 2012, 7:46 pm - IP Logged

                  References, references, references.

                  Make sure they're completely vetted.

                  Luckily, a lot of the biggest crooks aren't available right now.

                  They're in Washington DC running the country into the ground.

                  Amen rdgrnr. Preach it brother.

                  Rehab is for quitters.

                    savagegoose's avatar - ProfilePho
                    adelaide sa
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                    Posted: February 22, 2012, 8:59 pm - IP Logged

                    yeah just assuming  a flat fee advisor  wont stiff you with commissions could be a mistake.

                    ask the advisor  what he gets out of ea and every  sale he advises you , ie whats the agent fee,.

                    if he doulbe speaks, or  tries the" its not a commission its a... " talk

                    then tell him to #%^* off.

                    they try all sorts of diversions of language so they can say its not a commission, like prize draws.

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                      LA, CA
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                      February 22, 2012
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                      Posted: February 22, 2012, 9:25 pm - IP Logged

                      I watched several episodes of this television series and came away thinking you cannot trust so called financial advisors with your money. With all this coming to light about the wealthy being robbed blind, how do you handle your hundreds of millions when they come in.

                      MY first post!

                       

                      I think you need to go with an established financial firm like Goldman Sachs or Credit Suisse etc....  They are accustomed to working with high net-worth individuals.

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                        Posted: February 22, 2012, 9:28 pm - IP Logged

                        thanks everyone.

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                          Posted: February 22, 2012, 10:19 pm - IP Logged

                          1. stick them in coffee tins and bury it in the backyard

                          2. stick them in the mattress

                          Idea

                          LOL Lottoguy....... don't forget the freezer

                            haymaker's avatar - Lottery-012.jpg
                            Egg Harbor twp.south Jersey shore
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                            Posted: February 22, 2012, 11:28 pm - IP Logged

                            MY first post!

                             

                            I think you need to go with an established financial firm like Goldman Sachs or Credit Suisse etc....  They are accustomed to working with high net-worth individuals.

                            lawofattraction,

                             welcome to LP ,

                            before you easily trust big firms

                            do a search on goldman/sachs and nj gov. jon corzine,

                            it may cause you to talk a closer look.

                            also lots of rich and supposedly smart people,

                            invested w/ bernie madoff.

                            Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                              rdgrnr's avatar - walt
                              Way back up in them dadgum hills, son!
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                              Posted: February 23, 2012, 12:25 am - IP Logged

                              MY first post!

                               

                              I think you need to go with an established financial firm like Goldman Sachs or Credit Suisse etc....  They are accustomed to working with high net-worth individuals.

                              Welcome to Lottery Post LawOfAttraction and the Best of Luck to you!LepYes NodThumbs Up


                                                                           
                                                   
                                                                       

                               

                               

                               

                               

                                                                                                                                 

                              "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                          --Edmund Burke