I’m away for 10 days on a beach, and a fight breaks out. Cant you guys get along? LOLIt seems every time a non industry professional intrudes, a riot ensues. (Rightfully so) Stocklover - while the tone may not hve been to your liking, the advice you got here is truly great advice. You really need to do one of two things - find a great advisor, or spend a couple of years studying behavioral finance, after that you'll understand why we think DIYers are retards. Good luck to you
To respond to one of your first comments, yes brokers should usually stick with mutual funds. This allows the buying/selling of stocks without the emotional attachment. Very few clients can do that. Also, to properly diversify a stock portfolio, you need 15-20 stocks. Does the client have enough money to make meaningful investments in each (not they have 20k, lets buy 20 stocks). Also, does your stock portfolios have proper international/fixed income exposure? Again advantage to the mutual funds. Stocklover, what year did you get your CFA?
OMG.. be careful people, soon stocklover will accuse us of being "cyberbullies"
Again with the name calling. Grow up.