Investment dinners

[CoachKandSportsguy]

Dinner Is Served - HumbleDollar (https://humbledollar.com/2021/09/dinner-is-served/)

if you aren't the smartest guy in the room, you are the mark. .

[Koapaka]

Dinner Is Served - HumbleDollar (https://humbledollar.com/2021/09/dinner-is-served/)

if you aren't the smartest guy in the room, you are the mark. .

Did it once....got a free steak dinner for going to listen to the pitch from Neptune Society and since we had already decided we wanted to go that route, win/win. We enjoyed dinner and he got the business we intended to throw their way before we ate. :a040:

Now TIMESHARE pitches....that is a totally different monster! Got sucked into one of those once....NEVER, EVER again!

[Stu from NYC]

We have gone to several when it was a good restaurant we wanted to try and for free why not.

I tune out when they pitch annuities or new super duper life insurance policies. At our age life insurance is not necessary.

Recently went to one and the guy never did say what was in his background that qualified him to handle other peoples financial portfolios.

He was nice enough to tell me he is a fiduciary. So I said ok but did not answer my question. His next answer is he took a couple of online courses and uses a computer program.

And people never ask these questions but sign up with them anyway.

[OrangeBlossomBaby]

See there's the rub. I read that short blog entry, and I thought - none of this applies to me. The only reason I would go to any of these things is free food. We have no investable assets, so we won't be investing anything, in any funds or time shares or anything else. I just want free food at a decent restaurant.

Did that up north, the downside was, we met at 5pm, they talked til 7, and dinner wasn't served til 8.

So now I know that if I do decide to go to one of these things, I'll make sure I have a small meal an hour before the meeting time, and bring a package of peanutbutter crackers to munch on if it starts running longer.

[manaboutown]

Although I receive "free" dinner invitations in the mail I have yet to attend any. I ask myself "What is my time worth?" I suppose if I could not go to a nice restaurant on my own hook I might sign up and attend one. The thing is I just cannot stand high pressure sales tactics and personalities.

[retiredguy123]

I would never attend one of these free dinners. But, if I really needed a free meal, it would be food first, talk later, and I can leave after 30 minutes. Otherwise, I would rather go to Wendy's.

[coralway]

PT Barnum was right

[OrangeBlossomBaby]

Although I receive "free" dinner invitations in the mail I have yet to attend any. I ask myself "What is my time worth?" I suppose if I could not go to a nice restaurant on my own hook I might sign up and attend one. The thing is I just cannot stand high pressure sales tactics and personalities.

You don't have to listen to them. Just turn off your hearing aides and read an e-book on your cell phone until they're done with the presentation.

[Stu from NYC]

You don't have to listen to them. Just turn off your hearing aides and read an e-book on your cell phone until they're done with the presentation.

They talk for an hour before the meal. The least one should do for a free meal is listen respectfully.

Wife does not eat steak so this is my only opportunity to go to a steakhouse

Every once in a while I do learn something new.

[tophcfa]

Back in my working days investment dinners were a frequent occasion. As a portfolio manager, the Wall Street guys would wine and dine me in the hopes of getting some of the trading business.

[wlasowicz]

I been to a few investment dinners Most of the diners are at good restaurants with good meal choices The hosts varied some were good others were more about them self

[dewilson58]

Bottom of the Barrel host these dinners.

[manaboutown]

Bottom of the Barrel host these dinners.

Especially the reverse mortgage, timeshare and annuity hucksters.

Most are skillfully scripted psychologically impactful sales pitches conducted under highly controlled conditions. Potential buyers are required to sit through mind numbing cajoling if they want to partake of $25 chicken or $50 steak dinners.

[Toymeister]

I've been to twenty to thirty of these. Had I followed the advise at the first one five years ago I would have 45% less in investments today. With that knowledge I'll go if the venue is nice. It's easy to say no.

The quality of the presentation does vary wildly. Some are actually pretty good but that is the minority.

Useless fact, those that go for the meal (but have no intentions of buying) are known as plate lickers

[Stu from NYC]

I've been to twenty to thirty of these. Had I followed the advise at the first one five years ago I would have 45% less in investments today. With that knowledge I'll go if the venue is nice. It's easy to say no.

The quality of the presentation does vary wildly. Some are actually pretty good but that is the minority.

Useless fact, those that go for the meal (but have no intentions of buying) are known as plate lickers

Well if the food is that good..........

[manaboutown]

You don't have to listen to them. Just turn off your hearing aides and read an e-book on your cell phone until they're done with the presentation.

I do not require nor wear hearing aids.

[dewilson58]

I've been to twenty to thirty of these.

That explains a lot.

[MidWestIA]

Ah yes guilt sell - gee they bought me this dinner.

Just remember the financial advisers used to have to be a fiduciary and work for you the rules changed they don't now if it seems like they are just after the money not your welfare they are

"BLOOMBERG
Last year, the Trump administration abandoned a regulation designed to protect U.S. savers from conflicted investment advice. Known as the fiduciary rule, it would have required more brokers and insurance agents to disclose when they’re getting paid to steer people into certain investments. It also would have banned the sale of certain retirement products when they aren’t in savers’ “best interest.”

"

[Babubhat]

Can be the most expensive free dinner you will ever eat. Don’t bite on the pitch

[noslices1]

I've been to twenty to thirty of these. Had I followed the advise at the first one five years ago I would have 45% less in investments today. With that knowledge I'll go if the venue is nice. It's easy to say no.

The quality of the presentation does vary wildly. Some are actually pretty good but that is the minority.

Useless fact, those that go for the meal (but have no intentions of buying) are known as plate lickers

How would your investments be down 45% from 5 years ago? The stock market is up thousands from then. Would you have invested in Enron?

[KRMACK55]

We have gone to several when it was a good restaurant we wanted to try and for free why not.

I tune out when they pitch annuities or new super duper life insurance policies. At our age life insurance is not necessary.

Recently went to one and the guy never did say what was in his background that qualified him to handle other peoples financial portfolios.

He was nice enough to tell me he is a fiduciary. So I said ok but did not answer my question. His next answer is he took a couple of online courses and uses a computer program.

And people never ask these questions but sign up with them anyway.
They’re all fiduciaries by SEC and FINRA regulatories. Lacking candor and ethics in the top three is Lawyers Real estate and investment advisors.

[KRMACK55]

I've been to twenty to thirty of these. Had I followed the advise at the first one five years ago I would have 45% less in investments today. With that knowledge I'll go if the venue is nice. It's easy to say no.

The quality of the presentation does vary wildly. Some are actually pretty good but that is the minority.

Useless fact, those that go for the meal (but have no intentions of buying) are known as plate lickers
No embarrassment that you’re a plate licker? So poor you can’t afford these meals ? Smh

[Toymeister]

So poor you can’t afford these meals ? Smh

Hardly, Multimillionaire.

No embarrassment that I am a plate licker. It is interesting how many people appear to believe the annuity salespeople.

Has anyone here read the millionaire nextdoor? It appears not, judging by these comments. In that book it statistically details that millionaires don't drive fancy cars, waste money on depreciating assets, are married, have been married for decades. They are invisible, overlooked.

[Toymeister]

How would your investments be down 45% from 5 years ago? The stock market is up thousands from then. Would you have invested in Enron?

Friend, you need to work on your reading comprehension. Quoting myself "had I followed their advise (annuity salespeople) I would have 45% less now". Meaning I have 45% more because I did not follow the annuity salespeople advise.

[Blackbird45]

You don’t have to be a genius.
If you’re not looking for a free dinner and are truly looking to invest skip the meal.

Depending on what you want out of your investments there is a good chance you can do this on your own.

If you have a decent pension and have a nest egg you want to earn you some money, try something like a utility. They are low risk and they usually pay out somewhere between 4 to 5% dividends.

It might not be the windfall you’re looking for but it’s better than a bank saving account.

[Luggage]

We have 4 weeks inherited . Wonderful and saved us tons of $$$$

[Luggage]

Car salesmen???

[Luggage]

I am the worst stock picker .

[PugMom]

So poor you can’t afford these meals ? Smh

Hardly, Multimillionaire

No embarrassment that I am a plate licker. It is interesting how many people appear to believe the annuity salespeople.

Has anyone here read the millionaire nextdoor? It appears not, judging by these comments. In that book it statistically hows millionaires don't drive fancy cars, waste money on depreciating assets, are married, have been married for decades. They are invisible, overlooked.

:bigbow::bigbow:

[Stu from NYC]

I am the worst stock picker .

Go to Kiplingers and find a few mutual funds that have a good track record and stay with them as long as track record stays good.

[Stu from NYC]

So poor you can’t afford these meals ? Smh

Hardly, Multimillionaire

No embarrassment that I am a plate licker. It is interesting how many people appear to believe the annuity salespeople.

Has anyone here read the millionaire nextdoor? It appears not, judging by these comments. In that book it statistically hows millionaires don't drive fancy cars, waste money on depreciating assets, are married, have been married for decades. They are invisible, overlooked.

Very well said. Always like it when car salesman talk about your investment in a new car. When I ask the value of my investment as I drive it off the lot they stop that line very quickly.

The annuity sales people will show you a chart that shows how annuities pay better than stock market over a 20 year term.

Of course if the chart started a few years earlier or a few years later than the results are totally different. This is why the dishonest annuity salespeople do not let you ask questions during their presentation.

[noslices1]

Friend, you need to work on your reading comprehension. Quoting myself "had I followed their advise (annuity salespeople) I would have 45% less now". Meaning I have 45% more because I did not follow the annuity salespeople advise.

Friend, maybe you should work on the clarity of your posts. Nowhere did you mention annuities in your post. You have been to several of these free meal deals. You could have been talking about anything.

[Toymeister]

Friend, maybe you should work on the clarity of your posts. Nowhere did you mention annuities in your post. You have been to several of these free meal deals. You could have been talking about anything.

Over three decades writing contracts, spanning four decades, I have seen this sort of short sightedness thousands of times. Everything must be read in context. What, exactly, would someone be speaking about when replying to a thread entitled Investment Dinners?

Why, yes, it would be about those investment dinners.

Or more specifically, it must be in the four corners of the document. You will save yourself a great deal of time responding to posts if your read the posts and the posts that appear before the one which you are responding to.

In real life you will be far ahead if you make the slightest effort to understand the other person's perspective. Think of it this way, when you are in Publix and ask an employee where are the canned tomatoes are do you actually expect them to ask 'at which store'. Take this for what it is, me to you: this is a teaching moment.

[cassjax2]

We were “sucked into” a timeshare once in Reno. My husband finally said to the guy that he was unemployed. They quickly escorted us out. We got a really good laugh out of it!

[Eg_cruz]

You don't have to listen to them. Just turn off your hearing aides and read an e-book on your cell phone until they're done with the presentation.
Smdh

[davem4616]

I receive a couple every week or so....it must be working for them, or they'd stop doing it

we went to two a couple of years ago...agreed to appointments just to see what they had to say

The plan / approach they offered wasn't as good as the plan that we already had in place, we learned a few things,
but in the end we walked

[Stu from NYC]

I receive a couple every week or so....it must be working for them, or they'd stop doing it

we went to two a couple of years ago...agreed to appointments just to see what they had to say

The plan / approach they offered wasn't as good as the plan that we already had in place, we learned a few things,
but in the end we walked

Never went to step 2 as we knew already we would do better without them.

Most of the people there seem to sign up for the second meeting so they must get business by giving away free dinners.

[DaleDivine]

Go to Kiplingers and find a few mutual funds that have a good track record and stay with them as long as track record stays good.

:clap2::clap2:

[manaboutown]

There is an old saying...There's a sucker born every minute - Wikipedia (https://en.wikipedia.org/wiki/There%27s_a_sucker_born_every_minute)

[MandoMan]

See there's the rub. I read that short blog entry, and I thought - none of this applies to me. The only reason I would go to any of these things is free food. We have no investable assets, so we won't be investing anything, in any funds or time shares or anything else. I just want free food at a decent restaurant.

Did that up north, the downside was, we met at 5pm, they talked til 7, and dinner wasn't served til 8.

So now I know that if I do decide to go to one of these things, I'll make sure I have a small meal an hour before the meeting time, and bring a package of peanutbutter crackers to munch on if it starts running longer.

Laughing. I pay to have television and YouTube without ads. I would much rather pay for my dinner than have to listen to someone drone on about some product I don’t want or need.

[noslices1]

Over three decades writing contracts, spanning four decades, I have seen this sort of short sightedness thousands of times. Everything must be read in context. What, exactly, would someone be speaking about when replying to a thread entitled Investment Dinners?

Why, yes, it would be about those investment dinners.

Or more specifically, it must be in the four corners of the document. You will save yourself a great deal of time responding to posts if your read the posts and the posts that appear before the one which you are responding to.

In real life you will be far ahead if you make the slightest effort to understand the other person's perspective. Think of it this way, when you are in Publix and ask an employee where are the canned tomatoes are do you actually expect them to ask 'at which store'. Take this for what it is, me to you: this is a teaching moment.

“Investment dinners” does NOT necessarily mean “Annuity dinners”. Some of those presentations want to take your money and invest it for you in the stock market. I stand by my original post.

[Stu from NYC]

“Investment dinners” does NOT necessarily mean “Annuity dinners”. Some of those presentations want to take your money and invest it for you in the stock market. I stand by my original post.

We have been to about 10 of these over the years and they all try to show you how great an annuity will be for you. If I had a buck at each presentation as to how often they say guaranteed would have one super meal at Chop house.

One reason they gush over annuities is how much in commission they get.

[Travelhunter123]

Watch out for the fire alarm free dinner presentation with a free estimate. They attempted to sell me a $5000 fire alarm system!

[JSR22]

Laughing. I pay to have television and YouTube without ads. I would much rather pay for my dinner than have to listen to someone drone on about some product I don’t want or need.

I completely agree. I never go to the free dinners. I select where I want to eat and pay for it.

[Windguy]

Our junk mail volume would go down if everyone would quit accepting these annoying offers.

[pablo cruze]

Dinner Is Served - HumbleDollar (https://humbledollar.com/2021/09/dinner-is-served/)

if you aren't the smartest guy in the room, you are the mark. .
I've got reservations at Brownwood on Tuesday 9/21 and at Palmer on Tuesday 9/28. First time to one of these spiels. I've been receiving the invites for 8 or 9 years; since they are close by - why not do some 'plate lickin'.