Raymond Jones

[Steve-Maine]

Is Raymond Jones a good investment company, thanks

 

[old-9]

Do not know about Raymond Jones, but Edward Jones has been good for me. However your return may depend on who is in the WH in dc. joe

 

[Janicholson]

I also do Edward Jones. Jim

 

[504]

Raymond James,not the best choice I ever made.

 

[sourgum]

Edward Jones has been a good advisor. They have some CDs, almost double bank rates on 12 month. This probably depends on your location. You need to let them know your risk tolerance.

 

[wingnuttx]

Steveif you searching out a new investment company because you are disappointed with your current one we are pretty much all in the same position. As a matter of fact I just received my bi-annual statement for my investments whereas I have done well or better than well for quite a few years and that was surely not the case shown most recently. I think most investors have been disappointed. I would never advise an investment company because of way to many factors to consider. We all have way to many different work histories and money histories. It is also a long term investment. Making money takes a lot of research not only by the investors but also by ourselves. Too make money you have to understand a few things about money. Ive had an independent investor out of Houston Tx but there is just so much he can do when the market is really down because of political reasons as a source. Wingnut

 

[caterpillar guy]

I think stocks and bonds are a crap shoot. I like gold,land and machinery even though the machinery will depreciate I can at least use it till it is worn out and rebuild it or trade it. Cattle is another not bad option. You can at least eat them if you need to to get your investment back somewhat. Of course if they die then you are out. But then if the company goes broke you are out too. Don't know anything about the outfit you ask about.

 

[MarkB_MI]

Raymond James and Edward Jones are both full-service investment firms. Meaning they offer a high level of service for which they charge high commissions. Whether or not one of these houses is appropriate for you depends a lot on your situation. If you just want to set aside some income for retirement, and feel you don't need a lot of help making investment decisions, I would go with one of the no-load investment firms, such as T. Rowe Price. But if you recently came into a lot of money and aren't comfortable making all your own decisions, then a full-service house could be the way to go.

 

[Red Dave]

As far as I know, Raymond James is as good as, but little to no different from any other brokerage firm. They package and sell various financial products to the retail public.

Always keep in mind that every brokerage firm has financial products to sell. It also goes the same for anybody selling any financial products, mutual funds, banks, insurance companies, etc. They have a product and they want to sell it to you, whether that product is right for you or not. There will ALWAYS be a sales fee or commission, whether it is shown up front, or is buried in the fine print it is always there. It is how they make their money.

I always recommend finding a good, Fee Only Fiduciary financial advisor or financial planner to help you select financial products that are appropriate for you, and your individual financial situation. Yes, you pay a fee for the advice, but you can then make your actual purchases from the broker of your choice, and their are several very good discount brokers to chose from. The advice is independent, not biased in favor of something they sell.

I would never take financial advice from someone who can gain from selling me their products. Fiduciary is a legal term. A Fiduciary has a legal responsibility to put your interests ahead of their own when they give advice.

 

[moresmoke]

I think the individual advisor has more to do with your satisfaction than the name of the franchise they work through.

I have dealt with a few advisors over the years that I was not impressed with. I dont have enough invested currently to really be worth having an advisor, so I have been using Schwab. I do like their web platform for simple self directed trading.

 

[WNYBill]

Make sure they are a Fiduciary! Right now there isn't any investment firm that is making you money. Might want to look at treasuries, at least you won't lose anything. Keep in mind that the external_link/nnalert team was very interested in the 30 trillion held by individuals.

 

[Geo-TH,In]

I use Raymond James. I transferred my 401k and annuities to Raymond James. I have no clue what those cost, hidden fees.
I recently bought Equity Traded stock, ETS. They charge me 1/4 of 1% per quarter commission and I get unlimited trades.
Recently my fiduciary cut me loose. I can make my own trades. My fee is reduced by 25%.
I use Raymonds James because there are a ton of Tax papers my CPA needs to do my taxes. Tax papers form all my market investments.

Is a fiduciary and expert? Well....I wasn't impressed.
They look at what Raymond James recommends and base their recommendations on a list of stocks. Very conservative choice.
There is no guarantee when you invest in ETF's

There are two ways to make money in Equities. One way is the stock increases in value and right now you will lose all 2022 profits and about 5% of last year's profits. Another way is to buy stocks that pay dividends. If the stock increases in value you can harvest both a dividend and then sell the stock for a profit.

There is also another way to make money in a down market.
Sell a stock for a loss, harvest a capital loss(29% off income taxes) 62 days later you can buy the stock back.
Most stocks pay a quarterly dividend.
If my plans play out, I will end up with more shares after 62 days, harvest a $3600 income tax savings, and make a profit by putting the money in a different stock for 62 days.

You can't hire a fiduciary or money manager to do this kind of research and work.

Most people trust someone to make them money.
When the market goes south like it recently has, they will tell you to hang on, things will get better in a year or two..

Is one brokerage firm any better?
It is not the firm, it is the people that work for the firms you need to hire.

How does the novice investor know who to hire?
You really don't know. Best advice, ask your friends.
Don't be afraid to FIRE the bad money managers or fiduciary.
Find one that works for you because it's your money.

For most of my life, I've been my own financial manager.
I started out investing in 401K for a tax advantage.
I later moved to annuities. The advantages of 401 and annuities is I get a monthly check of a fixed amount regardless of what the market does..
Many different places sell 401k and annuities.
All mine are through insurance companies. All mine guaranteed a fixed income. They have paid even during the 2008 crash.
You can make more money investing in an ETF and you can also lose money too.
I think Ford and Tesla stock don't pay a dividend. So you buy either, you are betting their value will go up.

You want something close to a guarantee look into 401 and annuities you can buy through insurance companies. A fiduciary can point you in that direction.

 

[MarkB_MI]

> Is a fiduciary and expert? Well....I wasn't impressed.

A few years ago, both a former coworker and I took lump sum distributions of our retirement plans. I put mine in a T. Rowe Price account and he entrusted his to a fiduciary. His money was invested conservatively and I put almost all of mine in a no-load S&P 500 index fund. I doubled my money over a few years, while he saw a modest increase. Now maybe he did better than me this past year when stocks got clobbered, but he'll never make up for the gains he missed out on in previous years.

I'm a firm believer in taking an active role in your investment strategy. But that doesn't mean one has to work as hard at it as you do. There are plenty of no-load funds with low costs and good track records. And if you put most of your money in an S&P 500 index fund, you can take a nearly hands-off approach yet not pay an advisor. Just periodically re-balance your stock-to-bond ratio. Different strokes for different folks.

 

[Geo-TH,In]

Mark,
I think we have given different opinions, which now it's up to the individual to choose.
I'm happy, you are happy.
Beat thing I was told 55 years ago, Social security won't be there when I retire.
That scared me enough to invent in many things.
Glad someone told me the lie about SS.

How is Florida?
See a lot of damage?

I have work to do after a Tenant moves.
More work being a landlord than investing in Equities.

Enjoy Florida's liquid sunshine.
Are you going fishing?

 

[Red Dave]

I think that some people fail to understand that Fiduciary is a legal term for adherence to a set of ethical standards, not a guarantee of investing success. If your fiduciary advisor is not having the success you seek, seek another advisor. Or perhaps your expectations are not adequately conveyed to your advisor. Investment goals and tolerance of risk are critical conversations to have with any advisor.

The Fiduciary laws are on the books to protect investors from fraud, not to guarantee returns.
Nobody should ever hand over any sum of money to any investment without fully understanding what they are buying and what the potential risks vs rewards are.

Buying an S&P index fund does buy all the upside potential of the S&P, but it also is buying all the downside risk at the same time. These are things a novice investor has to be made aware of.
What is a Fiduciary?

 

[DoubleO7]

No matter who you go too or who you listen too, remember this:

If they were never wrong in what they say how or what you should invest in, they would be keeping that info for themselves.

Or steering you to the seller who is giving them the biggest commission, kickbacks, etc., etc.

 

[John T]

Good afternoon Steve, good question: FWIW I have used Financial Advisors in situations where I trust their professional trained expertise and judgment over my own lay persons knowledge and am willing to pay a commission for that choice. In other cases I trusted my own research and judgment and made MY OWN choices. Some as good or better than a professional trained advisor may suggest, some worse lol

NO ONE HERE (Especially lay persons not trained professionals) CAN KNOW AND TELL WHAT FIRM IS BEST (or the one you asked about ??) FOR YOU IN YOUR SITUIATION. But hey were all entitled to OUR opinions and can report OUR EXPERIENCES AND PREFERENCES with financial advisors and tell you yes or no, good or bad ITS YOUR RISK TO TAKE OR LEAVE ANYTHING POSTED HERE me (NOT a professional financial advisor, maybe some are here ??) included.

ALSO to your question Is Raymond Jones a good investment company, thanks

FWIW Nothing same as any here... YES AND NO it depends on the particular person you deal with and YOUR needs...... They (any certain firm) may be bad they may be good, and the fine gents here can give you their opinions and experiences

Best wishes, hope you find good advice and make a wise informed decision based on YOUR situation not some stranger on the internet or maybe your know it all brother in law lol

John T NOT a financial advisor but have used them and had mostly good results..Its always fun when legal, electrical, medical or financial opinions are sought out, theres a fine bunch of gents here all willing to help GREAT FORUM fun to follow

 

[RobCons]

We use a Edward Jones office and have been very happy with him. Each office has some judgement calls and guidelines from the corporate office they must follow. I think our guy balences it out better than most. Talk to a couple and see who you like.

 

[GordyMN]

Many of the comments were very good. The answer you choose depends on what you want to do with YOUR money. First, I would say get involved in any decision. A friend of mine bought shares of a company from either Raymond James or Ed Jones - I cant remember which. At any rate he paid about $800 in commissions. I bought the same thing from a large brokerage house and paid zero commission. If you plan on churning stocks (be aware of the one year capital gains tax issue) please be aware of this. As far as annuities, I have none and never will have one. Thats just my personal preference. Before you buy any annuity, please be aware that there are DIFFERENT TYPES of annuities be sure to read up on them BEFORE you buy, if you choose to buy. I am no financial expert by any means. I have lost money and made money, like most people. The only advice I have is to get self educated financially. There are many people with financial advice. Not everyone gives good advice. People love to tell you about the money they made and how smart they were, but seldom talk about losses.

 

[IHC pickups]

I have Money in both and am very happy with both of them....but Edward Jones does a little better in my situation. The other thing I like about Edward Jones is the attention I get from the folks running the local office where my account is at. He calls quarterly to see how things are going with me and to offer advice on what he thinks is the better deal.