Financial advisor fuckery...

Discussion in 'Stocks' started by Overnight, Aug 1, 2024.

  1. deaddog

    deaddog

    It's an industry that goes to great lengths to convince you that you are to dumb to look after your own money!! And judging by this thread that might be true.
    Having a FA has its advantages.
    No responsibility.
    When you make money you can brag about how good your advisor is .
    When you lose money you have someone else to blame.
     
    #11     Aug 2, 2024
  2. Bad_Badness

    Bad_Badness

    They dark pooled you. I have had this happen to me also. Get the worse, and I mean the highest price of the day on entry and the lowest price of the day on exit.

    Sprint away, don't walk away from them. You are probably under 20mil AUM so they going to continue this. I think you got to be 20-25mil AUM before you get fair treatment.
     
    #12     Aug 2, 2024
  3. deaddog

    deaddog

    I think he just doesn't have access to data that gives actual price on that day.
     
    #13     Aug 2, 2024
  4. tomkat22

    tomkat22

    LOL,so true.
     
    #14     Aug 2, 2024
  5. Bad_Badness

    Bad_Badness

    Could be. But the double and triple accounts a lot of them have can also be the case. The standard BS you get is, "it won't matter because we do such a good job".
     
    #15     Aug 2, 2024
  6. Overnight

    Overnight

    That makes zero sense, since the charts posted pre-split show what the price was. It was in the 130s.
    The FA fucked me.

    To answer DarcDick's question about why I had a FA in the first place? It was an inherited fund that I just let go on for years, because those are stocks I never intended to mess with. High div passive income and all that jazz. But in looking through the number recently, I noticed the 3M discrepancy.
     
    #16     Aug 2, 2024
  7. schizo

    schizo

    Actually, the chart that I posted might have been split-adjusted. Instead, refer to the chart posted by @deaddog.

     
    #17     Aug 2, 2024
  8. Darc

    Darc

    See Dummy, the previous F.A. set the Portfolio up for safety and an Income stream.

    Now you should be able to change that to Growth, if you have any trading brains that is.
     
    #18     Aug 2, 2024
  9. ph1l

    ph1l

    My calculated open, high, low, and close prices
    upload_2024-8-2_21-14-27.png
    correspond to the nearest cent on the February 13, 2020 candle
    upload_2024-8-2_21-14-16.png
    on the chart that @deaddog posted.


    To summarize, the 159.54 price was valid, and "There's a video for that.";)
     
    #19     Aug 2, 2024