So, I get this letter from the investment firm holding my shrunken retirement funds. The letter informs that my advisor has left the firm and joined another. The letter goes on to relate how the urge to flee the firm to follow a preferred advisor is understandable, but may not be the best course of action.
Stop. Think. They warn.
I did, for all of 30 maybe 45 seconds. I am cuttin’ and runnin’ but not after my advisor (especially since there was no head’s up re: the departure) I’m cuttin’ and runnin’ primarily because the letter announcing my advisor’s departure and re-up with another firm identified her as a him.
My confidence in the firm shot to hell in a hand-basket with that gaffe. Two days later I received another letter announcing the assignment of the new advisor. His introduction did little to change my mind.
Buh- Bye.
It’s actually decent timing as I’ve been re-evaluating much these past few weeks, so thanks.
Oh, I'd say your instincts are right on with this one.
ReplyDeleteSounds like a form letter they're using for everyone running off.
ReplyDeleteI don't even know what to do about our retirement accts anymore. It feels like no matter what we do, we're f'ed.
Ouch - what a slip. Sounds like you're smart to run!
ReplyDeleteAtta girl!
ReplyDeleteShruken retirement funds. Sigh.
ReplyDeleteThe rich get rich and the poor get poorer.
It is my own personal conspiracty theory that in the 90s the economic gap began to close and the plutocracy was gettin' kinda a-skeered. So what happens? A bunch of shit. What is a result?
The rich stay rich and the rest of us get fucked.
And may I say, my tin foil hat is quite fabulous.