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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (5805)	5/24/2018 10:53:10 AM
From: Jerome	Read Replies (1) \| Respond to of 26398

Hi Kirk, . Perhaps because I don't have kids where I feel some sort of duty to give them something after I die to make up for bad parenting I like many posters here have kids. There is no duty.....its all in the idea helping our kids succeed There was no bad parenting But they may have children with special needs or expensive medical care Our children may deserve a helping hand Its a personal decision that will have long term consequences

To: Kirk © who wrote (5805)	5/25/2018 10:15:47 AM
From: Jerome	3 Recommendations Recommended By Gottfried the traveler toccodolce Read Replies (1) \| Respond to of 26398

Paying good money for dumb (greedy) advice...part two... A financial advisor said this to a friend of mine At your age we feel that your portfolio is over concentrated and we should diversify based on our recommendation The first rule of investing is to leave well performing assets alone. What the investor advisor is really saying, is that we are going to sell all your holdings and I will select appropriate holdings. The advisor does not mention that he (or she) will reap multiple commissions from all of the transactions. I was managing about $200,000 for a friend of mine. I had placed about 100,000 in fidelity no load funds and the balance in MSFT, AMAT, INTC, BAC, and CSCO and some other quality stocks. The new advisor promptly sold off all the fidelity holdings and put 100K into an annuity paying 4%. There was no exiting that annuity without large penalties . The balance went into load mutual funds of his choice. There was also an $1800 dollar fee for administrative purposes. This happened five years ago.. Sometimes you just can't save people from themselves.