You are viewing a single comment's thread from:

RE: EXODUS Wallet Upgrades In This Week! - Some more good ones folks!! DECRED token added, Bugfixes. Exchange Features tweaked. Details below.

in #cryptocurrency • 7 years ago

Exactly! Some masters of the universe, huh...? Pfffft...

Cracked me up, I even had him pull up Poloniex and showed him Steem & SBD on THAT exchange. STILL didn't click with him and he kept trying to tie back to fiat or stocks.

He's a good example, maybe, of not understanding because his paycheck depends on him not understanding...

7 years ago in #cryptocurrency by
$0.00
    Reply 2
    Sort:  
  • Trending
    • [-]
     7 years ago (edited) 

    You may already know this...

    Commissions: When a broker whose working on commission basis recommends a certain fund, annuity or any other investment product, there’s a sales charge that comes right out of your pocket (a sales load, which can run 3-6% of your investment right off the top). Or sometimes the company whose product he or she is recommending pays the broker’s commission as a ‘marketing expense’ for that company. Think of it as a kick-back.
    Either way, commissions create a conflict of interest for the advisor. Why? This broker or advisor has a big incentive to recommend the option that pays him/her the most whether or not those investments are really best for you, the client.
    _http://www.pamkrueger.com/how-does-my-financial-advisor-make-money/

    Stay away from these kinds of financial planners at all cost!

    [-]
     7 years ago (edited) 

    I figured it was something like that. I inherited some (petro) stock from Mom. I had to open an account somewhere to cash it in. I only left a dinky amount in a green ETF. Sort of set it and forget it. So, when a hefty bill came up I called him to sell. (He's a new guy. My old guy retired and passed me on...) I don't think he expected our first meeting to go quite the way it did.

    Poor dear doesn't realize he has me leaning for towards a full cash out. Lol!

    $0.00
      Reply