Quote:
Originally Posted by flamesfever
What are these products?
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Mutual funds usually but that’s misleading if we don’t know how much money your friend has, plus some other factors.
Ask any successful advisor if his/her firm will open an account for an 18 year old with no prior family relationship with $1000 to his name who saves $25 a month.
The answer is no. Why? Not profitable for the advisor.