Hi Blind community. Does anyone have Franklin Templeton accounts? A few years ago an agent who is no longer working opened and account for me but it seems that my accounts are losing money instead of making money. I was wondering if anyone has an account with them and can please guide me to hoe I could sell/buy so I'm not losing money. Accounts: Franklin Strategic Income Fund & Templeton Global Bond Fund #personalfinance #investments #help #bonds #franklintempleton
Personally I wouldn’t invest in any of their strategies. Move your money somewhere else.
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Strategic income and bond funds certainly can have a place in a balanced portfolio, but won't post the returns (or losses) of a stock fund. It is not Franklin Templeton, but the fund type that accounts for your low returns. Your fund mix should be based on your age, goals and risk tolerance. You may want to sit down with a financial advisor or use one of the self-help portfolio analyzers offered by most major brokerages to get rebalance guidance.
Thank you. That's what the so-called "financial advisor" was supposed to do but it seems like she didn't know what she was doing and she just wanted to get her commission. Thanks again.