I was with my broker for over a decade. I trusted him because he was an old university friend and, having worked with him on some business school projects, I also knew he was very intelligent and personable. And he was also up front about his compensation and he didn’t recommend anything he wouldn’t be confident investing in himself. The advice was sound and his fee of $1,000 per year felt fair so I didn’t see any need to make a change.
Life was good.
Then, he had the nerve to fall in love with an American woman (ah, love), which lead him to move to the U.S. As a result, he sold his practice to another fellow.
Not the same type of guy.Read More