Investment dinners

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  #16  
Old 09-15-2021, 10:32 PM
manaboutown manaboutown is offline
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Originally Posted by OrangeBlossomBaby View Post
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.
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Old 09-16-2021, 05:24 AM
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Originally Posted by Toymeister View Post
I've been to twenty to thirty of these.
That explains a lot.
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Old 09-16-2021, 05:30 AM
MidWestIA MidWestIA is offline
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Default You pay just not with $

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.”

"
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Old 09-16-2021, 05:34 AM
Babubhat Babubhat is offline
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Can be the most expensive free dinner you will ever eat. Don’t bite on the pitch
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Old 09-16-2021, 06:16 AM
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Originally Posted by Toymeister View Post
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?
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Old 09-16-2021, 06:55 AM
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Originally Posted by Stu from NYC View Post
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.
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Old 09-16-2021, 07:00 AM
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Originally Posted by Toymeister View Post
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
  #23  
Old 09-16-2021, 07:14 AM
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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.

Last edited by Toymeister; 09-16-2021 at 11:06 AM.
  #24  
Old 09-16-2021, 07:24 AM
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Originally Posted by noslices1 View Post
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.

Last edited by Toymeister; 09-16-2021 at 07:31 AM.
  #25  
Old 09-16-2021, 07:26 AM
Blackbird45 Blackbird45 is offline
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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.
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Old 09-16-2021, 07:29 AM
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We have 4 weeks inherited . Wonderful and saved us tons of $$$$
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Old 09-16-2021, 07:30 AM
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Car salesmen???
  #28  
Old 09-16-2021, 07:31 AM
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I am the worst stock picker .
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Old 09-16-2021, 07:35 AM
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Quote:
Originally Posted by Toymeister View Post
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.
  #30  
Old 09-16-2021, 07:48 AM
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Originally Posted by Luggage View Post
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.
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