Five years ago I opened a Wealth Management Account with Merrill Lynch for the purpose of Dividend income. Initially, the stocks selected by my advisor for this purpose went up slightly. However in 2022, my account lost 26% (!!!). This year it lost more money. My advisor called me and suggested to sell one stock before the end of 2023. It had lost all value! I took a loss of $50,000. All of my other stocks in this 'Wealth Management Account' lost money for a total loss of 30%. This is really unacceptable. I'll get out of ML as soon as I can! Horrible financial experience!
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