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Personal Finance and Investing

SWBTATTReg

(24,577 posts)

5. Yes. It's a damn shame that they hit the jackpot, and then some idiot (the one who killed himself) ripped it all off.

Reply to Mosby (Reply #4)

Sat Jul 13, 2024, 04:15 PM

Jul 2024

All in one place too, from what I gathered. What a shame. They were better off, like you said, putting the funds in some index funds, good dividend stocks and be done w/ it. I guess it's a case of over analyzing, advisors get greedy, and set their scruples aside, and rip off their investors.

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Mosby kcoates

8 replies

= new reply since forum marked as read

Highlight:

A Couple Won the Powerball. Investing It Turned Into Tragedy. - WSJ [View all] question everything Jul 2024 OP

another source without the paywall BlueWaveNeverEnd Jul 2024 #1

Thanks question everything Jul 2024 #2

When my Union's pension fund was established in the late 1960's Turbineguy Jul 2024 #3

The financial advisor killed himself. Mosby Jul 2024 #4

Yes. It's a damn shame that they hit the jackpot, and then some idiot (the one who killed himself) ripped it all off. SWBTATTReg Jul 2024 #5

FACEPALM! Happy Hoosier Jul 2024 #6

Not that simple. They wanted to set a not profit tax exempt fund to study a rare disease. question everything Jul 2024 #7

So, hire a lawyer to create a non-profit.... Happy Hoosier Jul 2024 #8