I have a couple of friends who make great money as construction contractors, and who follow the market somewhat. One of them gets a couple of news letters every quarter and believes most of what he reads. My problem is this. This good friend, who calls mortgage brokers WHORES because of the fees they charge, just gave the local Ed Jones rep 3500 bucks to manage his 100K account. He says the guy "guaranteed" him 9 - 12 % / year on his investment. I don't think the guy actually guaranteed that rate of return, but he probably implied it. My friend says he does homework, but obviously not enough to find out he could just simply buy the Nas, the Dow, or the S&P (He has no idea what the q's diamonds or spyders are). Turns out this guy put him into five stocks. I don't remember which ones specifically, but they were all blue chips which were on the the Ed Jones "Focus List." I guess the point is this. All I'm trying to tell this guy is that all he has to do is a little more homework and avoid the fees and commissions. Find some discount broker somewhere and buy an index. And he just doesn't get it. He trusts this guy. It's a small town and he goes with the trusted Ed Jones Guy. All I do is drive to the big city, an hour away, every day and trade for a living, so I don't know what the fukk I'm talking about. It's all probably because his dad has gone to this guy for years and has basically bought every individual stock in the DOW, and paid commissions on each one. He's used to it and is passing it on. I know some people think I'm over reacting, but I get tired of people getting raped without even knowing it. So: do you just keep your mouth shut and enjoy your own cheep rates and returns, or do you try to educate thes friends. It seems that educating them just pisses them off.