10 Signs You are Paying Your Broker Too Much
January 26th, 2007 by digerati
10. Your broker sends you a gold-plated Christmas card.
9. His other office? The ninth tee at Pebble Beach.
8. You mysteriously receive an unsigned thank-you card the day your broker moves into a new 5,000-square-foot mansion.
7. Your brokerage statement includes a line item for “gratuity.”
6. He slips you a dog-eared copy of the Horchow catalog and says, “Feel free to get a little something for yourself, too.”
5. You get a bill for his kids’ annual 529 account contributions.
4. You’re listed as a credit reference for the loan on his third house in Aspen.
3. He proudly displays Management Secrets of Andrew Fastow on his bookshelf.
2. The fine print on your brokerage statement reads, “Returns adjusted for 2006 Jaguar XK and 50-foot yacht.”
And the No. 1 sign you might be making your broker rich: Every time you open your mouth to speak your broker exclaims, “And now let’s have a word from my sponsor!”
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