Drive a stake through these investments8 of 12Years ago, my financial adviser at Grim Reaper Financial called me in order to tell me that I should sell all of the shares from various spinoffs, as they were meaningless in quantity. I took her for her word and sold them.I later noticed a fee in my next statement from Grim Reaper concerning the sell order.I called her and asked why.She told me that I have to pay for all sell orders ($40 per sell order). Here's the kicker: I only received about $30 in total from this sell-off of shares while her company billed me for $150. In other words, I lost more than $100 from this.I asked her: Why would I would sell these meaningless shares if I was going to lose money on the transaction?She told me, "It was a mental thing." I asked her what this meant -- I am a physician, so I know about mental. She said it would be less of an emotional drag on me to see these few shares in my portfolio.I dropped her and Grim Reaper Financial soon after. -- Gary Spector, Westport, Conn. Related Articles:Best costumes for 2010Zombies ate my car insurance!Halloween treats, decorationsTaming 'vampire' powerRelated Links:Want to buy a haunted house?Do you have 'ghost credit'?331 ways to cut costsTweet to save cash advertisement
Years ago, my financial adviser at Grim Reaper Financial called me in order to tell me that I should sell all of the shares from various spinoffs, as they were meaningless in quantity. I took her for her word and sold them.
I later noticed a fee in my next statement from Grim Reaper concerning the sell order.
I called her and asked why.
She told me that I have to pay for all sell orders ($40 per sell order). Here's the kicker: I only received about $30 in total from this sell-off of shares while her company billed me for $150. In other words, I lost more than $100 from this.
I asked her: Why would I would sell these meaningless shares if I was going to lose money on the transaction?
She told me, "It was a mental thing." I asked her what this meant -- I am a physician, so I know about mental. She said it would be less of an emotional drag on me to see these few shares in my portfolio.
I dropped her and Grim Reaper Financial soon after. -- Gary Spector, Westport, Conn.
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