Just remember, salespeople are salespeople. They make a living off selling the product they represent. I can tell you in my industry ( trading ), the brokers are mostly wanna be traders. If any of them could make a living trading, they would clearly be doing it. It would be better than dealing with all of the stuff you deal with as a broker.
NEVER EVER EVER EVER buy or sell a stock or bond or commodity based on the advice of a broker! I cannot tell you how many times in my life I have gotten calls asking for my view on an upcoming price move from a brokerage firm. No big deal in general, but… These calls often come from the institutional sales people.
I usually ask them why they are calling me? There response is that they look through the account balances to see who is making the most money, and that is who they call. I at times was the highly paid research staff, they claimed to have.
These are the very same people that represent themselves to be experts. They are just salespeople. They make money on commissions, not being good traders.
