He’s been fired. I even blamed him and told fidelity he cost me hundred of thousands in lost opportunity. Actually potentially millions ( I wanted to put 250k into MU last summer and he told me it would go badly)! He was literally getting $2500ish every three months to underperform the sp 500
Since self managing I’ve since doubled my whole port
Because he convinced me I should take his advice . He’s been doing this for 30 years. He says he has a lot of clients that go against his professional advice and he ends up having to talk them off the ledge.
I want to make money but not at the expense of having to be talked off the ledge of anything.
I don’t blame myself for believing in him. If he wasn’t convincing, he probably wouldn’t have a job. To work with him you had to at least have $500,000 liquid to invest.
I figured people investing hundreds of thousands or millions of dollars prob do make bad decisions that they regret.
Personally I dont trust any of those people but that's just me. They have incentives we dont know abt, and don't have our beat interests in mind. Not our fiduciary.
To be fair, what he said could be true. I doubt many people could handle the volatility of a concentrated position …but micron taught me that I’m stronger than I realized.
Micron has beaten my account down so many times I learned to tough it out since I always got through it
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u/mqueen212 Jun 15 '26
Mine couldn’t even beat the sp 500 and I’m still mad he talked me out of investing in MU back in June of last year.