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And We’re Supposed to Take Advice From These Guys?
By JLP | March 19, 2008
Check this out. It’s the performance so far this year of the Dow Jones Investment Services Index:
Here’s a look at how each of the 23 firms in the index have performed so far this year:
Isn’t it ironic that we are supposed to take investment and financial planning advice from these firms and yet they allow themselves to get caught up in this mess?
Topics: Investing | 6 Comments »
March 19th, 2008 at 12:07 pm
I don’t see the link between stock price performance and investment and financial planning advice. There are a number of companies in that group who’s share price has dropped because of the fall out in the sector. Again, this has nothing to do with the quality of advice offered.
March 19th, 2008 at 12:25 pm
Exactly.
March 19th, 2008 at 12:32 pm
Spokane Al,
Although it’s hard to tell from my writing, I was trying to be facetious. Still, one has to wonder about the advice one is receiving from a firm that is going bankrupt.
March 20th, 2008 at 7:09 am
“Should we take advice from firms whose stock value decreases?” is an interesting question. Any firm will have a decrease in stock at some point in time. What may be interesting to know is which firms have had a significant drop in stock value because they held a too large percentage of an asset that had greater risk than their experts had previously estimated (e.g., Bear Stearns)?
To evaluate the value of firm’s advice, it might be interesting to know if they have recomended lists of investments such as particular stocks or mutual funds – and how well they perform.
March 20th, 2008 at 9:33 am
“should” we not really, most of these people are just lucky when doing there picks. THERE ARE some that do knwo what they are doing but not enough.
March 20th, 2008 at 10:56 am
We’re not supposed to take investment advice from these guys at all; as the World’s Greatest Investor says ‘ignore the mutual funds and simply buy and hold S&P 500 or similar Index Funds’ OR invest like WB himself does: find stocks that are currently undervalued in 4 or 5 companies that you love and hold on to them (read: Rule # 1 Investing by Phil Town).