Thoughts on Roth IRA w/ Edward Jones? Friend became an advisor and I want to support but not reveal my financials as I’m in a considerably different situation than him and don’t want hard feelings.

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Your friend is going to try to pile a bunch of garbage on you because EJ will fire him if he doesn’t. Don’t do it if you actually value your friendship.

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Yeah I’m not feeling great about which should tell me all I need to know.

My EJ advisor is up 9% in a down market I value their input. My personal account is down ~11% for comparison so I’ll pay them 1.2% for that performance

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You are gonna be in a for an education when that “over performance” over corrects in the other direction.

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I would stay away.

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He will be required to get all your financials when opening the account. If you’re not comfortable with giving them that information, then probably don’t do it.

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I always advocating supporting friends regardless of industry. That being said, if your friend just started, they likely have no idea what they are doing.

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Fidelity investments or vanguard there’s no better choice unless your retirement plan is already with Edward Jones

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