29 So... my financial advisor just quit & all I got was this lousy letter from the firm. Anyone else? Coincidence? posted 1 year ago by eviantears 1 year ago by eviantears +29 / -0 Wondering how much financial services knew in advance something would hit right now EDIT: form letter said “no longer with firm” 10 comments share 10 comments share save hide report block hide child comments Comments (10) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 7 ▼ – WinstonOrwell 7 points 1 year ago +7 / -0 Why would a financial advisor quit? If your financial advisor was any good, he'd have had your portfolio balanced well before this. If you're 50 or so, just hold on. All equity indexes will be fine. If you're 50 -60 you shouldn't have had more than 40% or so of your portfolio in equities. If you're 60 - 70 maybe 20%. Right? permalink save report block reply ▲ 1 ▼ – eviantears [S] 1 point 1 year ago +1 / -0 I’m early 40s & diversified for long term/ mid risk so not freaking out & room to move. Maybe I’m just superimposing a picture over unconnected events. Just curious if anyone else in the industry is cutting & running right now. Personally I expected mid-term bounce back as the world gets back in its feet permalink parent save report block reply ▲ 3 ▼ – Scalpmaster 3 points 1 year ago +3 / -0 I don't think it's cutting and running. Some people can't handle the pressure. These "advisors" have had a pretty easy go at it for the last decade. What's happening now will force the weak to lose sleep and rethink their life goals. permalink parent save report block reply
Why would a financial advisor quit?
If your financial advisor was any good, he'd have had your portfolio balanced well before this.
If you're 50 or so, just hold on. All equity indexes will be fine.
If you're 50 -60 you shouldn't have had more than 40% or so of your portfolio in equities. If you're 60 - 70 maybe 20%.
Right?
I’m early 40s & diversified for long term/ mid risk so not freaking out & room to move.
Maybe I’m just superimposing a picture over unconnected events. Just curious if anyone else in the industry is cutting & running right now.
Personally I expected mid-term bounce back as the world gets back in its feet
I don't think it's cutting and running. Some people can't handle the pressure. These "advisors" have had a pretty easy go at it for the last decade. What's happening now will force the weak to lose sleep and rethink their life goals.