Question for advisors. Did I receive the best advise.

I received this advice and am torn on wether I should ignore it or listen.
Was talking to an advisor about buying a different product. I inquired about buying mutual funds via monthly deductions from my checking account to set up a retirement fund.
Told me my best bet is to wait till i save up about $10k before I buy any funds because I would be buying C shares at this point and the expenses would be more. Part of me says it sounds like a good idea and part of me says the clock is ticking towards my retirement and I should do something before alot of time goes by. Is this advice good? should I just talk to a different company about getting some mutual funds? Or should i try something like vangaurd with their very low fees?
By the way I was planning to invest about $200-$250/month. I dont have a 401k at work nor is one offered.
Any help is much appreciated

He may be right about the particular fund you're wanting to buy. But not all funds are like that. I'm with Vanguard, and I started the fund with about $1200. I don't get hit with fees (although there was a $10 fee per year when I was below a certain dollar amount).

In short, the advice might or might not be shifty, but the mere fact that -- putting the most positive spin on things -- the fund doesn't like small amounts of money should make you think about running screaming out of the room. It would me!

I agree with going with one of the no-load fund families with a $10,000 investment. I didn't get into front-end load funds like the one you described till I had enough to qualify for a much lower % load. One of the reasons you pay that heavy front-end load is to compensate the advisor who helps you select the funds. In your case, you may not want or need that advice.

I think I agree with Puck & Athena. It sounds like you would have had to pay the maximum sales charge because you didn't have a lump sum that qualified for a break in the sales price. Coupled with that, from the sounds of it, your time horizon may be such that it A shares at your pricing wouldn't make it to the "breakeven" point of a no load fund. This is probably why he was talking about C shares. Let me take a stab at this and guess that you may want to start to withdraw the funds within 3-5 years of beginning the deposits? There may also have been some concern by your advisor of sacrificing your emergency fund for unrealistic expectations from an investment.

On the surface, I think you got pretty good advice from a good (and brutally honest) advisor. Did he/she recommend a good no load family with low minimums to pursue?

With that said, please tell me that he/she wasn't trying to talk you into doing something different with your funds, say a variable annuity (because there is no sales charge)? You mentioned you were talking about a "different product". What product was it?