LP - liquidate now? - post regarding Edward Jones layoffs

LP - liquidate now?

Is anyone else thinking about liquidating their LP while they still can, even if they survive this nonsense? I have zero trust left in the ELT. I'm wondering if I should liquidate now to at least get my money back. I don't think I will ever invest any more funds into the LP, either. I just don't believe in this firm anymore. I don't even recognize it. It's sad to see what they've become. I don't agree with the direction at all, so why would I invest money in it? Slapping associates and clients in the face is just not my jam.

I feel like the GPs have a severe breach of their fiduciary duty to the LP group, too. Duty of honesty, care, loyalty, fairness, to act in good faith - they are failing at all of them, IMO.

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6 replies (most recent on top)

@ep Past performance does not guarantee future results.

@am n I think it's supposed to happen next yr. An offering bigger for those who are staying..

@OP, I wouldn't liquidate your LP or my LP.

If you're currently and gainfully employed with EJ, a lot of folks would be jealous of having money placed in your account the 21st of each month and 2 payouts a yr on the LP.

I think you'd be a fool to liquidate your LP.

You won't get the same return your receiving now if you pull it out.

Plus the money you've invested will be returned to you.

Thanks

@ak the LP returns are too good to pass on. Keep it.

I’m thinking if they offer LP in a couple years and I’m still here then I might pass on it.

I don't think that's necessary. You should be able to keep it, unless you work at a competitor. If they take it back, they have to pay you acrued interest and principle. Since it pays around 21%, it's worth keeping.

Thread regarding Edward Jones layoffs

LP - liquidate now?

6 replies (most recent on top)

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