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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (26247)	1/4/2017 7:04:57 PM
From: TigerPaw	Respond to of 34328

For many years I had my money with a broker (Prudential initially) and so I never really knew what the commission was. He suggested trades now and then and I complied. I could tell from my statements that I was not making nearly as much money as the market, so under the assumption that he was a bad trader I would move my account to Barcley's or Morgan-Stanley or the next brokerage that was recommended by a friend. All of them underperformed. My money mostly grew by the amounts I added, not by growth or income. Finally we put money into two Fidelity mutual funds, a large cap and a medium cap fund that was essentially tied to an index. We instructed the broker never to sell or trade, just split the money we sent between the two funds. After decades the money grew. Eventually I moved the money to a self-directed broker and it has grown faster than it did under the funds (Fees again I expect). I'm retired now and am looking forward to self-driving cars and turning the accounts over to a manager. I've been waiting for the fiduciary regulations to kick in, but in the current environment I think we may be in for another round of buyer beware.