Do brokers ever suggest getting out of stocks?

[Alphabet1]

Isn't it in THEIR best interest for people to stay invested - regardless of what the market's doing? Are messages of "Don't panic." , "Wait and see." etc. just tactics to keep investers in so commissions or fees continue?

[jeff410]

Its in their best interest for their clients to constantly trade, so they can make commissions. Many brokers have gotten into trouble for churning accounts.

[Ron Berue]

This is one phrase I heard since the first day I started learning about and trading:

"No buy, sell or hold recommendations."

Educated guess: Unless an investor has $500,000 or more in his/her/their trading account, I doubt very seriously if the brokers care one way or the other what any investor is doing.

I think they're perfectly happy sitting back collecting "maintenance fees" or "management fees".

My personal impression: Meanwhile, they MAY BE doing investing and making deals with money of those folks who are under the impression the brokers are managing the accounts - even though those folks totally ignore their investments and have substantially less in their trading accounts.

Another lesson I learned and was taught: When a person knows what he/she is doing and how to do it, ABSOLUTELY NO ONE will or can mange your money or investment portfolio better or more conscientiously than the person with that portfolio or money.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!