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My guy at JP Morgan, who has no qualifications to be a wealth advisor, but that is his job. he has 120 fairly large accounts that he services with the JP Morgan products. lately he has been getting calls from some of his scared clients wanting to redeem their investments, in other words get out of the trap they are in. the way Jp Morgan has their funds structured, it will always take a few days to cash them in. the company came up with lines for this wealth advisor to try to convince his clients to stay in the market. like JP Morgan is always looking out for them, and that all these markets are doing is trying scare good people out of them before they run up to new highs. they are preaching to stay the course.
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