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To: ColdOne

Maybe I’m just paranoid, but I’ve seen so many horror stories of rich people getting ripped off by financial advisors, I think that if I had that kind of money, I’d hire an advisor to give me day-to-day advice, and then pay some big financial house (like Fidelity) to look over my books on a regular basis and just flag me if anything looked funny. I can’t imagine that level of oversight would cost too much and it could prevent somebody from milking me like a cow.


6 posted on 12/20/2010 9:52:22 AM PST by ClearCase_guy
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To: ClearCase_guy
Trusting managers is long gone...I'll bet most stars know how to look over their own books and keep a watchful eye...

For an expert opinion though, I'd talk to Donald Trump.

22 posted on 12/20/2010 10:26:13 AM PST by Sacajaweau
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To: ClearCase_guy
I can’t imagine that level of oversight would cost too much and it could prevent somebody from milking me like a cow.

I wouldn't call you paranoid. "Financial advisor" is as trustworthy as "politician."

30 posted on 12/20/2010 11:15:00 AM PST by newzjunkey
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