We've been getting the same calls and are just ignoring. I did confirm it was actually Fidelity, though.

Anonymous wrote:

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

This does not tell us anything without more context. First, what is your allocation outside of this account? Second, how old are you?

If I had all of my money allocated the way that you have allocated in that account, I’d worry about being too aggressive myself. I’d think they have a point.

Anonymous wrote:Sounds like a scam.

And how can they know if you are overinvested in something. I assume you don't have all your assets (retirement, brokerage, cash, etc) at Fidelity?

I was thinking exactly the same. Our retirement accounts are index funds only. I guess I could just ignore their advice.

Anonymous wrote:Is it in a tax advantaged account?

This is one of our stock brokerage accounts. - OP

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

Sounds like a scam.

And how can they know if you are overinvested in something. I assume you don't have all your assets (retirement, brokerage, cash, etc) at Fidelity?

Either scam or they want to run up commissions.

They aren't paying someone to harass you for your own benefit.

They call me sometimes (but like - once or twice every couple of months, not incessantly). I picked up fairly recently and they were very polite and told me they are contacting people who self-invest to let them know about the financial advisor services they offer and that they have a local office in my area I politely declined and they were very nice about it and stopped calling. Thing this happened one other time a couple of years ago and they also stopped calling for me a long time after I declined. I find it extremely strange that they would call OP with unsolicited advice, enough that I'd wonder if it's a scam (and my allocation is very aggressive, since I have a pension and work retirement accounts which Fidelity would not know).

Is it in a tax advantaged account?

Scam?

No, I didn't.

No clue, but they've been calling me incessantly over the past few weeks. From the voicemails they leave it's a similar story. I did not sign up for any advising with them which is why I have not called them back yet. I have no desire to pay for advising services. Interested to see other responses.

What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

Did you sign up for a financial advisor with them?

I missed several calls from their reps and today finally talked with them. They say my allocation is aggressive and that I should sell some of it to lock in the gain from the past two years. What do you all think?