--- In FairfieldLife@yahoogroups.com, "markmeredith2002" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, Peter <drpetersutphen@> wrote: > > > > > > > > --- Rick Archer <groups@> wrote: > > > > > on 8/6/06 6:15 PM, markmeredith2002 at > > > markmeredith@ wrote: > > > > > > > > I feel the need to point out the cowhig, dector > > > and wilson raised and > > > > lost millions and millions of $$ from gullible > > > sidhas for their > > > > "governors" business. Really poor ethics from > > > what I saw. > > > > > > I know one guy who ³invested² his whole inheritance > > > over $300K. Now he¹s > > > broke. > > > > In defense of these guys, they had to comply with US > > law and disclose the extreme risk of their venture > > capital venture, yes? It wasn't like they conned > > people or anything. If I remember correctly they had > > some sort of a oil from shale proposal. If Ru > > investors weren't so naive and believed in "support of > > nature" regardless of the soundness of the business > > plan maybe they wouldn't have lost their money. Now, > > if the partners touted the > > "I'm-a-ru-and-in-tune-with-natural-law-and-can't-make-a-mistake" > > angle then that would be pretty bad. > > Yes I'm sure the investment documents contained the appropriate legal > language and final responsibility rests with the investors. I never > got a sales call so I don't exactly how much they played up their > closeness to MMY and resulting "support of nature", but in talking > with ffld rus who invested that was clearly their reason for doing so. > > So I agree with you, but I also suspect it was a tmo-ish operation in > which 90% of the energy goes into the marketing and 10% into ensuring > a successful product, and being in the investment business I have a > special dislike for investment brokers who get big commissions while > their clients go broke. >
What do you think of the sale of tax-deferred annuities? I've seen commissions as high as 17% for some products (example: you sell a $100,000 annuity and your commission is $17,000). To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
