paperclip202
03-30-2017, 01:39 PM
Hopefully, not too much of this goes on in TV. If you have some of these, you might need to find an advisor who is a fiduciary (get it in writing).
Good luck!
This “program” targeted elderly and financially illiterate clients. Non-traded REITs, and variable annuities were often the products of choice, since these provided the biggest “payouts” for all parties involved.
An Annuity that Could only be Sold by Satan (http://tonyisola.com/2017/03/an-annuity-that-could-only-be-sold-by-satan/)
Shareholders are about $50 billion worse off for having put money into non-traded real estate investment trusts rather than exchange-traded versions, a legal consultant for investors said on Tuesday.
REUTERS SUMMIT-Non-traded REITs cost investors $50 bln -consultant
| Reuters (http://www.reuters.com/article/wealth-summit-reits-idUSL1N0YV1NT20150609)
SEC.gov | Investor Bulletin: Non-traded REITs (https://www.sec.gov/oiea/investor-alerts-bulletins/ib_nontradedreits.html)
Nontraded REIT sales fall off a cliff as industry struggles to adapt
Nontraded REIT sales fall off a cliff as industry struggles to adapt (http://www.investmentnews.com/article/20160724/FREE/160719937/nontraded-reit-sales-fall-off-a-cliff-as-industry-struggles-to-adapt)
Good luck!
This “program” targeted elderly and financially illiterate clients. Non-traded REITs, and variable annuities were often the products of choice, since these provided the biggest “payouts” for all parties involved.
An Annuity that Could only be Sold by Satan (http://tonyisola.com/2017/03/an-annuity-that-could-only-be-sold-by-satan/)
Shareholders are about $50 billion worse off for having put money into non-traded real estate investment trusts rather than exchange-traded versions, a legal consultant for investors said on Tuesday.
REUTERS SUMMIT-Non-traded REITs cost investors $50 bln -consultant
| Reuters (http://www.reuters.com/article/wealth-summit-reits-idUSL1N0YV1NT20150609)
SEC.gov | Investor Bulletin: Non-traded REITs (https://www.sec.gov/oiea/investor-alerts-bulletins/ib_nontradedreits.html)
Nontraded REIT sales fall off a cliff as industry struggles to adapt
Nontraded REIT sales fall off a cliff as industry struggles to adapt (http://www.investmentnews.com/article/20160724/FREE/160719937/nontraded-reit-sales-fall-off-a-cliff-as-industry-struggles-to-adapt)