Banker's Life on Inside Edition

[crons79]

My Mom asked me the other day how she could buy gold? I now know it is a bad time to buy gold. Why? Because, its like when a stock is going up up up, then you hear a client at the kitchen table, who has never bought a stock or mutual fund in their life, asks how can I get in on that? Its a good time to sell because the bubble is about to burst! LOL

 

[xrac]

My Mom asked me the other day how she could buy gold? I now know it is a bad time to buy gold. Why? Because, its like when a stock is going up up up, then you hear a client at the kitchen table, who has never bought a stock or mutual fund in their life, asks how can I get in on that? Its a good time to sell because the bubble is about to burst! LOL

Sell when everybody else is buying and buy what everybody else is selling.

 

[crons79]

"Be fearful when others are greedy. Be greedy when others are fearful." -Warren Buffet

"If life gives you limes, make margaritas."
-Jimmy Buffett

 

[arnguy]

...."If life gives you limes, make margaritas."
-Jimmy Buffett

Me thinks, Paul, (MoonlightandMargaritas) took that to heart!

 

[VaDwayne]

In my opinion, allowing ANYONE to sell any type of investment should require a license far better than a L&H insurance license, and a 40 hour class. Heck, my 12 year old daughter could probably pass the L&H exam.

We have people that know very little about the ins and outs of investing, selling products they don't understand, and selling annuities based on information given to them by the insurance carriers only.

We have agents who are broke, deeply in debt, bankrupt, etc., giving financial advice to senior citizens. IT SHOULD BE AGAINST THE LAW!!!

I know very little about investing in annuities,and really don't want to learn at this point, and it should be illegal for me to go up to anyone and recommend they place their life savings into something I have suggested. But if I chose to, I would be operating within my license to do so.

If you are selling annuities, and your own finances are in shambles, you should be ashamed of yourself.

 

[JFBAgent]

And there are no broke stockbrokers?

 

[Crabcake Johnny]

Being uneducated and choosing not to do what's right are two very different things. We can point out abuses in any profession but it's correct that anyone discussing finance should be very well trained.

 

[VaDwayne]

Being uneducated and choosing not to do what's right are two very different things. We can point out abuses in any profession but it's correct that anyone discussing finance should be very well trained.

that's my point. Agents have about 2 hours of annuity training in a 40 hour L&H class, and they are out telling seniors where to put their money. Yeah, right....

I think one should have to be certified, and be licensed, in annuities alone, with classroom time of 100 hours or so, and pass an exam.
- - - - - - - - - - - - - - - - - -

And there are no broke stockbrokers?

I'm sure there are, but they are not handling my retirement.

 

[Norwayguy]

that's my point. Agents have about 2 hours of annuity training in a 40 hour L&H class, and they are out telling seniors where to put their money. Yeah, right....

I think one should have to be certified, and be licensed, in annuities alone, with classroom time of 100 hours or so, and pass an exam.
- - - - - - - - - - - - - - - - - -


I'm sure there are, but they are not handling my retirement.

I am not disagreing with you. However there are those of us on this board that do have additional training and do sell annuities.

My complaint is I have run into may people that take advice from the teller at the bank. Many of these tellers have no license or training...They frequently setup joint accounts without any thought to the consequences.

 

[moonlightandmargaritas]

Me thinks, Pau, (MoonlightandMargaritas) took that to heart!

2 oz. good tequila (Patron Reposado comes to mind)
6 oz. Rose's lime juice
2-6 tsp (I use 2 cuz I like it tart) blue agave

Shake and strain in glass over ice. Ultimo.