[quote=Incredble Hulk]

Why don't you make me?  3.5 years to break even and then the client makes a better performance.  Thanks for explaining that to me.

GO EDWARD JONES!

[/quote]

Did  you even read that post.  It was a response your moronic comment about COST, it had nothing to d0 with performance or when the client makes money.

Think about this.... $100,000 in an "A" share is gonna charge about 4% upfront.  So lets just say the client makes 10% the first year.  That means at the end of the year they have $105,600.

Now $100,000 in a wrap account is gonna charge about 1% a year.  So lets just say the client makes 10% the first year.  That means at the end of the year they have $108,900.

Now Think about a down market scenario.... $100,000 in an "A" Share.  So lets just say the client loses 10% the first year.  That means at the end of the year they have $86,400.

Now $100,000 in a wrap account.   So lets just say the client loses 10% the first year.  That means at the end of the year they have $89,100.

So Pay attention and do your due dilligence before posting such un-educated comments.  You claim to have the best interests of your clients, but it simply isn't true.  The only difference between the A share and the wrap account is upfront broker commission, which is your only motivation for selling it.

Back up your remarks with facts, or just shut up rookie.

Make me shut up.

I’m waiting and you are not making me shut up.  Make me!!

Still waiting!

Hulk-



Operations or Central Services? Which department to you call home?

You idiots responding to this guy are hilarious.  It is not the real IH.  It is somebody here who has lots of time and who hates IH.  Read the name of the poster again.

I don’t know what you are talking about?

[quote=iconsult100][quote=Incredble Hulk]

Why don't you make me?  3.5 years to break even and then the client makes a better performance.  Thanks for explaining that to me.

GO EDWARD JONES!

[/quote]

Did  you even read that post.  It was a response your moronic comment about COST, it had nothing to d0 with performance or when the client makes money.

Think about this.... $100,000 in an "A" share is gonna charge about 4% upfront.  So lets just say the client makes 10% the first year.  That means at the end of the year they have $105,600.

Now $100,000 in a wrap account is gonna charge about 1% a year.  So lets just say the client makes 10% the first year.  That means at the end of the year they have $108,900.

Now Think about a down market scenario.... $100,000 in an "A" Share.  So lets just say the client loses 10% the first year.  That means at the end of the year they have $86,400.

Now $100,000 in a wrap account.   So lets just say the client loses 10% the first year.  That means at the end of the year they have $89,100.

So Pay attention and do your due dilligence before posting such un-educated comments.  You claim to have the best interests of your clients, but it simply isn't true.  The only difference between the A share and the wrap account is upfront broker commission, which is your only motivation for selling it.

Back up your remarks with facts, or just shut up rookie.

[/quote]

I can't believe you refuted his argument with a 1 yr example, what does that possibly prove?? The last time I checked my clients invest for longer than 1 yr. If they didn't they CERTAINLY shouldn't be put in A shares. They might want to look at C shares and in your example the C shares outperform the wrap at the 1 yr mark....

[quote=Starka]

[quote=Incredble Hulk]That’s B.S. Look at Growth fund of America. It has beaten the SP500 on the ytd, 3 yr and 5yr. How can you get better that that? It is also TEAM MANAGED!![/quote]

Since when is Growth Fund of America a Large Cap Value fund?

Learn to read, kid.

Source of what?

[quote=footsoldier]

IH-

And remember the fees are typically deductible (above 2% of AGI I think).

I don’t know what you are talking about?

I’ve changed my mind about you. Please continue…

Source of what?

The correct spelling is numbnuts.

But you should already know that.

Starka -

how does duma$$ take you?

[quote=Incredible Hulk]Starka -
how does duma$$ take you?[/quote]

Duma$$ Hulk?  Nah.  Doesn't have the right ring to it.  Stick with Incredible Hulk.  At least for the time being.

Or did you mean Incredible Duma$$?  Now you might have something there!

On the issue of wrap account.  I think Jones must offer them soon.  The problem is that Jones does not want us to manage our clients money.  I just think we must have a platform that allows us to make a change w/o charging a fee.  I do not believe this goes against a buy and hold philosophy.  Buy and hold should represent investments in general, not a specific fund.  There are times when a person should own high yield and sometimes it is not a good idea.  It’s coming sooner than we think.

The problem is that Jones does not want us to manage our clients money.

Does this sentence speak volumes. This from someone who maintains is the best firm, maybe he is changing tunes as he becomes more educated.

I am a realist.  I dont know where your office is and really dont care.  But, other than diversification principles, computer programs, etc, how much do we really know about a stock or mutual fund.  We all have access to the same public information.  We will never sit across the table from bill gates, michael dell, john chambers, etc.  We all have to trust analysts to do the research.  I think i do a pretty good job of picking investments, but in the end, what do we really know about a company other than historic information.,  My point is, you may feel like you are managing their money, but you are really managing them.  For that, all you need is a psych. degree. 

[quote=success]

I am a realist.  I dont know where your office is and really dont care.  But, other than diversification principles, computer programs, etc, how much do we really know about a stock or mutual fund.  We all have access to the same public information.  We will never sit across the table from bill gates, michael dell, john chambers, etc.  We all have to trust analysts to do the research.  I think i do a pretty good job of picking investments, but in the end, what do we really know about a company other than historic information.,  My point is, you may feel like you are managing their money, but you are really managing them.  For that, all you need is a psych. degree. 

[/quote]

Thank god Jones has Onionhead as their equity kook! And BTW, who is we?