08-23-2019, 09:39 AM
(08-23-2019, 08:02 AM)Ron Ricco Wrote: I have a small position in BEN based on a recommendation from a newsletter that I used to subscribe to. The stock is still down since then (along with many of the others that they suggested) as it seems like those and the others were based on historical PE’s etc and not so much at what might be driving the business.
I would agree with the previous poster, so many investors are moving away from actively managed, I think the players in this segment are going to need to change their business model. Not that it can’t happen, but doesn’t give me the warm fuzzies.
There was a time when most of the better known investment brokers were decent investments. I know very few people under the age of 60 that pay fees for any assistance. They still make money on a variety of fees and margin interest, but it would seem they need a drastic change to the business model while the industry further consolidates. There are a few brick and mortar where I live, but it sure doesn't look like a growth industry.