Financial advisor fuckery...

[deaddog]

Financial advisors still exist?

It's an industry that goes to great lengths to convince you that you are to dumb to look after your own money!! And judging by this thread that might be true.
Having a FA has its advantages.
No responsibility.
When you make money you can brag about how good your advisor is .
When you lose money you have someone else to blame.

 

[Bad_Badness]

They dark pooled you. I have had this happen to me also. Get the worse, and I mean the highest price of the day on entry and the lowest price of the day on exit.

Sprint away, don't walk away from them. You are probably under 20mil AUM so they going to continue this. I think you got to be 20-25mil AUM before you get fair treatment.

 

[deaddog]

They dark pooled you. I have had this happen to me also. Get the worse, and I mean the highest price of the day on entry and the lowest price of the day on exit.

I think he just doesn't have access to data that gives actual price on that day.

 

[tomkat22]

When you make money you can brag about how good your advisor is .
When you lose money you have someone else to blame.

LOL,so true.

 

[Bad_Badness]

I think he just doesn't have access to data that gives actual price on that day.

Could be. But the double and triple accounts a lot of them have can also be the case. The standard BS you get is, "it won't matter because we do such a good job".

 

[Overnight]

https://investors.3m.com/news-events/press-releases/detail/1835/3m-completes-spin-off-of-solventum


https://finance.yahoo.com/quote/MMM/history/




So adjusted for the spinoff (listed as a split on yahoo finance), the prices before Apr 1, 2024 should be multiplied by 1196/1000 == 1.196

That makes the actual open, high, low, and close prices on Feb 13, 2020:
161.759 161.86664 158.99624 159.76168

159.54 is within that range.

That makes zero sense, since the charts posted pre-split show what the price was. It was in the 130s.
The FA fucked me.

To answer DarcDick's question about why I had a FA in the first place? It was an inherited fund that I just let go on for years, because those are stocks I never intended to mess with. High div passive income and all that jazz. But in looking through the number recently, I noticed the 3M discrepancy.

 

[schizo]

That makes zero sense, since the charts posted pre-split show what the price was. It was in the 130s.
The FA fucked me.

Actually, the chart that I posted might have been split-adjusted. Instead, refer to the chart posted by @deaddog.

From stockcharts unadjusted for dividends.

View attachment 345508

 

[Darc]

That makes zero sense, since the charts posted pre-split show what the price was. It was in the 130s.
The FA fucked me.

To answer DarcDick's question about why I had a FA in the first place? It was an inherited fund that I just let go on for years, because those are stocks I never intended to mess with. High div passive income and all that jazz. But in looking through the number recently, I noticed the 3M discrepancy.

See Dummy, the previous F.A. set the Portfolio up for safety and an Income stream.

Now you should be able to change that to Growth, if you have any trading brains that is.

 

[ph1l]

That makes zero sense, since the charts posted pre-split show what the price was. It was in the 130s.
The FA fucked me.

My calculated open, high, low, and close prices

correspond to the nearest cent on the February 13, 2020 candle

on the chart that @deaddog posted.


To summarize, the 159.54 price was valid, and "There's a video for that."