Posted by timebandit on 23rd of Jan 2022 at 02:18 pm
Yeah, I hear you, man. I told my father-in-law in late December
that we were in the fourth quarter of the bull and he should
protect his gains with stops (which I was pretty certain he didn't
have in place). He went in and talked to his Edward Jones broker,
who I just found out talked him out of it. I freaking lost my mind
when he told me this last week. I was planning to tell him to wait
for a bounce, just like you say, and cut his losses then.
Surprise surprise - I have never heard an Edward Jones broker
usher the word sell. They don't get paid when you move to
cash. With that said, the bulls still have a shot to recover
but taking some damn profits at that time would have been
prudent.
Its not just Edward Jones. I have accounts with UBS and JPM
wealth and they are no different. They use the tax excuse or "Time
in the market rather than timing the market" bullshit to talk you
out of this.
ha ha Steve were talking about that broker yesterday making
jokes that they have tape covering the sell button on their
keyboards, or that the sell button is located away in a vault that
only the Edward Jones or AG Edwards CEO can access - the brokers
have to convince the CEO to access that for him
Yeah, I hear you, man.
One can make a bull or bear case using any ...
Posted by timebandit on 23rd of Jan 2022 at 02:18 pm
Yeah, I hear you, man. I told my father-in-law in late December that we were in the fourth quarter of the bull and he should protect his gains with stops (which I was pretty certain he didn't have in place). He went in and talked to his Edward Jones broker, who I just found out talked him out of it. I freaking lost my mind when he told me this last week. I was planning to tell him to wait for a bounce, just like you say, and cut his losses then.
Surprise surprise - I have
Posted by steve on 23rd of Jan 2022 at 03:06 pm
Surprise surprise - I have never heard an Edward Jones broker usher the word sell. They don't get paid when you move to cash. With that said, the bulls still have a shot to recover but taking some damn profits at that time would have been prudent.
Its not just Edward Jones.
Posted by arun on 23rd of Jan 2022 at 03:47 pm
Its not just Edward Jones. I have accounts with UBS and JPM wealth and they are no different. They use the tax excuse or "Time in the market rather than timing the market" bullshit to talk you out of this.
ha ha Steve were talking
Posted by matt on 23rd of Jan 2022 at 03:43 pm
ha ha Steve were talking about that broker yesterday making jokes that they have tape covering the sell button on their keyboards, or that the sell button is located away in a vault that only the Edward Jones or AG Edwards CEO can access - the brokers have to convince the CEO to access that for him
here's your broker at AG
Posted by matt on 23rd of Jan 2022 at 03:51 pm
here's your broker at AG Edwards or Edwards Jones trying bring your sell order to his boss
https://youtu.be/HIQmRfqLz90?t=14