NO recommendations in IRAs?
43 RepliesJump to last post
Spaceman Spiff:
Sorry, Jones dropped Putnam from the preferred status a couple of years ago and stopped following them altogether last year. If I remember correctly, those portfolios didn't do all that bad from a performance standpoint. [/quote] Are you freakin serious? Not all that bad? Compared to what...the other six "preferred" fund families?[/quote] My apologies. I haven't looked at or sold any Putnam funds for a while. Even when they were still a part of the preferred list. But, I do remember looking at the built for balance portfolio a few years ago and thinking that it wasn't horrible. It wasn't good enough for me to use, but it wasn't the worst I'd seen. [/quote] Man you smart Spiff![quote=Gone Indy][quote=Spaceman Spiff][quote=outofjail]Just put all your clients in “Putnam Built for Balance” portfolio, Edwards and Jones loves it.
Gone Indy:
Now all you Jonies can go back and sell the Putnam and put your client's in another "preferred" family for 5.75%...great for the client!!!![/quote] Never sold Putnam. Never would.[quote=B24]They do? Is that why we kicked Putnam out of our program and have a SELL recommendation on their funds?