My mom is freaking out about the financial problems right now because she has lost a lot of value in her portfolio. She is wanting to sell everything before she loses any more value and I am trying to keep her from doing so. She has an Edward Jones financial adviser that has not done diddly squat or even made any contact with her since the markets started dumping and has sat quietly by as her numbers go down each day. l do not know the details of what she has but l keep telling her to hold on for now. Should not her adviser be doing anything right now?

She should have learned to handle her own money. The financial advice industry is a scam:

http://saveyournestegg.com/scam.html

It is too late now. She needs to sit tight until the market recovers - but it could be years. Meanwhile, l suggest that she learns how to do her own investing & slowly make improvements to her portfolio. This site will help:

http://saveyournestegg.com/diy.html

There r 2 problems: people r afraid to take responsibility for their financial future & 'financial advisors' r really brokers - salesmen who know how to manipulate people that r afraid to take responsibility for their own financial future.

On the saveyournestegg site ur mother will learn how to determine her risk tolerance & how to set up a low-cost, well-diversified portfolio. She will learn that DIY-ers do much better than people using 'financial advisors' & she will learn proper investing principles.

The market is down now & she is paying a so-called professional big fees on top of that. Not good.