Question: Is New England Securities a bad investment firm?
My former Edward Jones financial advisor did very poorly in picking my stocks, and I lost more than 20% in only 6 months. He quit his job and moved to a different firm called England Financials, I moved to TD Ameritrade and pick my own stocks now and have been doing very well, I was able to pick up half of my losses in a month. My former advisor keeps calling me to convince me to transfer to New England Securities.
Answer:
Continue learning about investing. Losing 20% is not a big deal. This year has been very volatile. Picking up half your losses is not impressive either since the last two weeks have been some of the best days since March 2009. This week alone the market was up 7%. October was also a great month.
Keep with TD Ameritrade. Increase your profits by learning more. Read some books. Understand risk management. Understand asset allocation.
Regardless of the firm, it's the same guy you already fired. New England Securities is a subsidiary of MetLife, so you can expect a sales pitch for Annuities.
You're better off on your own if you know what you're doing.