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Response to A HERETIC I AM (Reply #9)

Wed Jul 8, 2020, 12:24 AM

11. As Host of this group, I would hope the participants here would refrain from giving specific investm

As Host of this group, I would hope the participants here would refrain from giving specific investment advice, up to and including suggesting the purchase of specific securities.


Yes, I would think that might include e.g. American Century gold funds, for example. (Or anyone's gold fund) The last time we had a gold bug post, a few months ago, someone posted a graphic showing how shitty gold's record has been over the long term.

One of my biggest problems is I have too many investment accounts from too many different investment companies. I had an arguably reasonable number but then I inherited some more accounts from different companies (e.g. Fidelity, Schwab) and many more which I got rid of near the 2009 market bottom (I bought other equities in place of those).

Anyway, I rather eat broken glass than open another investment account with yet another company, e.g. American Century or whoever else. People who want to do the gold route have many choices in ETF's or whatever with their current broker/mutual fund company (Vanguard, Fidelity, yada or whatever) without having to set up an account with yet another financial firm.

Think of who might inherit -- do you really want to bestow on them 10 plus financial firms with 50 or so holdings? Is 20 gazillion holdings really helping you or them? SIMPLIFY

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hermetic Jul 2020 OP
empedocles Jul 2020 #1
empedocles Jul 2020 #7
hermetic Jul 2020 #14
BComplex Jul 2020 #2
hermetic Jul 2020 #15
progree Jul 2020 #3
hermetic Jul 2020 #16
Canoe52 Jul 2020 #4
Merlot Jul 2020 #5
hermetic Jul 2020 #17
Merlot Jul 2020 #25
bottomofthehill Jul 2020 #6
hermetic Jul 2020 #13
csziggy Jul 2020 #8
hermetic Jul 2020 #18
csziggy Jul 2020 #20
A HERETIC I AM Jul 2020 #9
progree Jul 2020 #10
LineLineReply As Host of this group, I would hope the participants here would refrain from giving specific investm
progree Jul 2020 #11
A HERETIC I AM Jul 2020 #12
csziggy Jul 2020 #21
A HERETIC I AM Jul 2020 #22
csziggy Jul 2020 #24
hermetic Jul 2020 #19
A HERETIC I AM Jul 2020 #23
bucolic_frolic Jul 25 #26
hermetic Jul 26 #27
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PoindexterOglethorpe Aug 24 #29
A HERETIC I AM Sep 8 #31
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