Quote:
Originally Posted by Gpsma
I agree with you that those investments should only have been sold to those who can tolerate the risk and potential losses.
I had a client once, of limited resources and income, who was sold tax shelters.
When tax shelters went bust she lost most of her investments.
Once again she trusted a small investment company instead of investing with bigger more reputable firms.
She sued, or went to arbitration, and she lost. The reason she lost was because they determined she was a reasonably intelligent person and should have made herself aware of what she was purchasing?
Did you look at these investments and present any questions to Whitaker…or did you blindly trust him?
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If I had to describe Michael L Whitaker and Associates I would say Mike is a smooth talker. By that I mean he is gifted in the way he can present things to you to make you feel confident and assured that he is giving you the right advice for your situation. More than once I had encouraged my wife to question Mike Whitaker about questionable investments and why he was advising her to buy or sell certain investments. As recently as last summer my wife made an appointment with Mike Whitaker to explain things and possibly close her accounts with Michael L Whitaker and Associates. I even sat in the car in his parking lot while the one and one half hour meeting went on in his office with my wife. At the end of the meeting, she came out glowing about all the wonderful things he told her he was doing for her, including GWG. About GWG he said NOT to Worry GWG had plenty of assets and we would or should get all of our money back since we were in the number one spot to be reimbursed first from any assets they had. I have heard on this forum that the I-bonds are not the highest but rather the lowest on the list of people that might get some return from GWG.