Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Elizabeth Warren

n2doc

(47,953 posts)

4. Financial advisors are leeches

Reply to Phlem (Reply #2)

Mon Feb 23, 2015, 11:37 AM

Feb 2015

The only advice one needs is to put one's savings into a low fee index fund and leave it alone. When they retire, they may need advice on how to best take the distributions, but there are already plenty of sources for that information.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

Warren now all in on fiduciary fight [View all] n2doc Feb 2015 OP

So, without regulations, they are willing to take on low and middle income accounts? dixiegrrrrl Feb 2015 #1

"less incentive to take on low- and middle-income Americans' retirement Phlem Feb 2015 #2

Financial advisors are leeches n2doc Feb 2015 #4

We've got ours in a spider fund. Phlem Feb 2015 #6

k&R /nt think Feb 2015 #3

"backed by moderate Democrats and Republicans" RiverLover Feb 2015 #5

+10000000000000000000000000000000000000000000000000 Phlem Feb 2015 #7

substitue "corrupted" for "moderate" and it will be just right. Scuba Feb 2015 #8