Comments on: Top ten things investment houses get pissed if you know http://thepennysaved.com/2008/04/11/top-ten-things-investment-houses-get-pissed-if-you-know/ Personal Finance, career, investing, retirement, saving and debt blog Tue, 06 Jan 2009 22:10:19 +0000 http://wordpress.org/?v=2.3.3 By: the weakonomist http://thepennysaved.com/2008/04/11/top-ten-things-investment-houses-get-pissed-if-you-know/#comment-928 the weakonomist Fri, 11 Apr 2008 16:00:01 +0000 http://thepennysaved.com/2008/04/11/top-ten-things-investment-houses-get-pissed-if-you-know/#comment-928 Good insight, and great reference to a 70 year old book. Its scary that the book is still relevent today. I can't for the life of me understand why people still use brokers. Someone who makes bank on the transaction can't give good advice. A true stockbroker should get a cut of profits. If you don't make money, he don't make money. That would be too difficult and bankrupt the industry, which is why no one's ever done it. Good insight, and great reference to a 70 year old book. Its scary that the book is still relevent today.

I can’t for the life of me understand why people still use brokers. Someone who makes bank on the transaction can’t give good advice.

A true stockbroker should get a cut of profits. If you don’t make money, he don’t make money. That would be too difficult and bankrupt the industry, which is why no one’s ever done it.

]]> By: Rachel @ Master Your Card http://thepennysaved.com/2008/04/11/top-ten-things-investment-houses-get-pissed-if-you-know/#comment-927 Rachel @ Master Your Card Fri, 11 Apr 2008 14:06:42 +0000 http://thepennysaved.com/2008/04/11/top-ten-things-investment-houses-get-pissed-if-you-know/#comment-927 What great advise. I only thought about how much money financial advisors made when I cancelled an investment to swap it to another company because I had done some research and changed my mind. My FA phoned up complained that he would be losing money. What did he expect me to do? Acceot a lower return so he could get more commission? What great advise. I only thought about how much money financial advisors made when I cancelled an investment to swap it to another company because I had done some research and changed my mind. My FA phoned up complained that he would be losing money. What did he expect me to do? Acceot a lower return so he could get more commission?

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