Comments on: Are You A “Leftover” Investor?

By: Financial Options

Financial Options — Tue, 11 Apr 2006 09:55:27 +0000

Tuesday Financial Reading

With no major economic indicators due for release until Wednesday, there’s a chance to do some more general reading. Here are a few of the gems from the Carnival of the Capitalists and Carnival of Personal Finance.
Firefinance tackles one of th…

By: Carnival of the Capitalists 131 » The Small Business Buzz

Carnival of the Capitalists 131 » The Small Business Buzz — Mon, 10 Apr 2006 13:55:17 +0000

[...] • Are You A “Leftover

By: Business Opportunities Weblog

Business Opportunities Weblog — Mon, 10 Apr 2006 06:12:35 +0000

Carnival of the Capitalists

Welcome to this week’s edition of the Carnival of the Capitalists. My name is Dane Carlson, and I’ll be your host today. This is my fourth time hosting the Carnival (the previous 1, 2 and 3) and it just keeps getting better.
There were…

By: B

Tue, 04 Apr 2006 15:48:29 +0000

I’m firmly in the “leftover” camp on the high end.

I’ve got accounts with Schwab. I’ve been a client for more than twenty years.

I’ve also had accounts with Merrill Lynch. What to say? Want to feel like “sheep?” (As in led to the slaughter.) Or like “Prey” instead of like a “client?”

I recommend Schwab to anyone who asks.

By: Miserly Bastard

Miserly Bastard — Mon, 03 Apr 2006 15:43:22 +0000

How right you are!

I was talking to a financial advisor at JPMorgan Chase about bringing in a substantial amount of money, and he directed me to a “managed mutual fund” program they developed. Essentially, Chase’s MMF program is supermarket approach where they recommend a basket of funds based on your risk profile. All are actively managed funds. Some have waived sales charges if bought through the MMF program. In exchange, Chase charges as much as a 1.5% management fee. Truly ridiculous program.

By: Scott

Scott — Mon, 03 Apr 2006 15:40:47 +0000

This is why if your worth is not above the leftover tag you should invest directly with DRIPs, IRAs, or into 401(k)s and cut out the middle man. The more I read on investing the more I believe I am better off doing it myself so having Wall Street companies ignore me is just fine.