Born: 1940's Bloomington, Illinois, Married, Three
Kids, Two
Grand Kids, Two Cats :)
Career: Retired after 35 Years Aerospace Engineer with Boeing and NASA
Residence: Yorktown, VA
Currently: Day Trader, Manage 13 Portfolios using Vanguard,
Fidelity
and Scottrade Brokerages
Hobbies: Soccer Coach, Walking, Web Surfing, Sports Cars (Excalibur and
Tiffany Classic)
Last Book Read: Common Sense on Mutual Funds, John Bogle
Why
I Fired Three Full
Service Brokers:
Broker One: "YOUR FIRED"
because we lost big time on your
recommended Limited Real Estate Partnership, and you Churned our
accounts while your commissions went up and our account value dropped.
You also only recommended 5 3/4% Loaded higher expense ratio funds. You
also lost one of our accounts, a broker from a different state called
and asked
where it came from.
Broker Two: "YOUR FIRED"
because you totally neglected our accounts,
you recommended nothing after several of our stocks dropped to zero,
and
many Broker One purchased funds were continually at their category
bottom year after year. You said your so called Full Service Brokerage
Company couldn't buy Vanguard Funds. I asked you if you have a
Watch Page on
our accounts and you replied "No but I could set one up for
you". The next day you were fired.
Broker Three: "YOUR FIRED"
because you were so slow entering our cost
basis from Broker Two, and you recommended replacing all our funds with
super high expense ratio funds, and you got us into four Closed in IPO
funds which immediately dropped 20% when the market was going up, and
you never developed a stock or fund exit strategy (when to pull the
trigger). You wanted to know why we didn't always take your advice
because you said you were the investment expert. The next day you were
fired.
PS: Donald Trump does not have
exclusive rights to "YOUR FIRED"
, but
really I never used the words "Your Fired", you will want to leave any
brokerage under the best possible terms because you will need their
help
transferring equities.