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Wellstone ruled

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13. Sorry Guy,

Tue Jun 28, 2016, 01:49 PM

Jun 2016

For those who are recent Retirees,the answer is . Played the so called Financial Advisor Game with a well known Trading House. Yup,they will set you up with the 50-60 % mix,and then Churn the crap out of your accounts plus take their 2%. What they fail to tell you is,this is how they make the big bucks,and if they put so called Income Class A interest paying instruments into your account so you can handle the RMD,and still martian a healthy cash position. Great,until you get hit with a Lehman Brothers or some other POS that becomes a zero value instrument. Been down this road,educated ourselves and are doing darn well rebuilding our portfolios on our own. After seven years on our own and being retired for fourteen,we now know a thing or two,and number one is Wall Street is so rigged to the 1%ers and all one can do is coattail the biggees.

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You Brexit - You Fixit..... [View all] global1 Jun 2016 OP

Conservative British nationalists will not accept any blame and will double-down pampango Jun 2016 #1

You pretty much nailed what is and will happen in the near term. Wellstone ruled Jun 2016 #2

People should not be having to sell equities on a 5% drop in value. yellowcanine Jun 2016 #6

Sorry Guy, Wellstone ruled Jun 2016 #13

That's your experience. Doesn't have to be that way. yellowcanine Jun 2016 #15

Agree,withour a doubt you must have got lucky as to timing Wellstone ruled Jun 2016 #16

you didn't sell, did you? looks like everything is coming back. I hope you Gabi Hayes Jun 2016 #3

I don't know how you can claim that "everything is coming back." They haven't even formally Chakab Jun 2016 #8

No one knows but one can make the case that Brexit will be good for the 1% who drive the stock pampango Jun 2016 #10

The bottom did not fall out of the stock market. The Dow dropped about 5% over 2 days. yellowcanine Jun 2016 #4

After today's close, even the FTSE is only down less than 2% over the last week Major Nikon Jun 2016 #9

Well, nothing very promising has emerged so far TubbersUK Jun 2016 #5

Don't sell your stock C_U_L8R Jun 2016 #7

Good point. The collapsing pound makes the British poorer but it is great for visiting Americans. pampango Jun 2016 #11

London voted against leaving the EU struggle4progress Jun 2016 #12

I started a thread wondering about my colleagues malaise Jun 2016 #14