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Posts Tagged ‘Advice’

Is there someone who can advice me on a serious legal investment issue?

26 Apr

About 5 years ago, I got involved in an MLM investment marketing firm. The product they sold me was a VUL/VRL Life insurance combined with investment funds. I was made to sign a contract form stating that if anything went wrong with the firm, I would not receive my refunds. I was also made to take a blood test w/c now I found quite odd.

About $200 was taken out of my account over a period of 15 months which totals to a little over $3000 over a 1 year period after I’ve finally given a written notice to the organization to stop payment on my account and therefore officially closing down my account.

Besides from the $3000 I lost, I was also never able to recover any of my financial investments, but my $$ were placed in investments like Salomon and Janus. My investment broker had taken off when I closed my account. We’ve both never communicated since then.

Sounds like a familiar story to anyone? This situation may have happened to a lot of others.

 
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Stocks? Annuities? Mutual Funds? Advice, please!?

25 Apr

I found out yesterday that I own about $14,500 worth of stock in a local bank. My dad bought the shares for me when I was a kid, and now that’s how much they’re worth. I’m trying to decide what to do next. I was thinking about selling the stock and putting the money into a CD, because I really don’t trust the stock market all that much. A family member suggested an annuity, and others have suggested more investments. Investing the money in anything but real estate isn’t an option. I just want some advice about my options from someone who knows. Again, I don’t trust the stock market…What’s the best thing to do?

 
8 Comments

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Advice from sales professionals (i.e. insurance, annuities, securities)?

25 Apr

I’m looking for advice from sales professionals on where I can go with my career. For the last year and a half, I’ve been an independent agent for a leading supplemental insurance provider, and am licensed for health & accident and life & annuities. While I like many aspects of this job, I’m frustrated with the results! I’ve landed and opened many accounts since I began, but I am tired of low commissions once I get an account opened.

I’m interested in moving forward, perhaps contracting with more companies to help utilize my life/annuities license more or maybe even taking a few securities exams. The thing is, I don’t know how to approach this. What are my needs if I want to expand my role? Currently I do a LOT of face to face cold calls, and I do not (nor can I afford to) have an office.

Again, I am a little unclear about what my options are, and what my limitations might be if a) I wanted to work for an agency or b) If I were to contract with additional companies, what will I need? Ideally, I’d like to get into a position where I’m putting a substantially less amount of miles on my car, and possibly with a company that provides some warm (and/or direct) leads.

I’m also open to the idea of getting licensed in securities. For example, I noticed that a bank in the area was looking for a sales person with certain licenses to sell the bank’s financial products with only 1 year sales experience. Would something like this be feasible if I can get licensed in securities?

Any advice is helpful, I know I’m all across the board with this question.

 
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what can’t the government give people good advice?

14 Apr

Local and state government and even the federal government are telling people to try and stay in their homes by cashing out annuities using savings, getting another job or borrowing from family. I know a few who have followed this advice and now they have no savings no annuity they owe their friends and family money and they are still losing their house.
The bottom line is someone cannot afford a home then they should move on and not waste their money
Why doesn’t the government help people in this situation? All state local and federal government tells people that it is important to stay in their house. This is not the case it is just a place to live and even if someone gets current on a mortgage their paying twice the mortgage of the current market value and they are upside-down on their loan about 200k (in cA) the advice should be clear they should negotiate a deal with the bank if possible or move on, There are too many homes for sale and even if these people get current on a mortgage and have to sell it, it will be a short sale or a foreclosure because again they are upside down. And realistically of they do get a principal write down form the bank it really can not be sold because there are fees to sell a house.
It is a sad situation but if we clear out dumb advice and think logically and rational most people should be walking away from their homes, or trying to work out a deal with the bank (a reasonable deal).
Basically when someone that paid too much for a home cannot afford their mortgage at some point because of the mortgage resetting or loss of income ECT. They should decide early on if the home can be saved and stop making payment and work something out with the bank.
Why can’t the government start giving people good advice????

 
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annuity or savings?need advice?

01 Apr

where to put 30,000 safely?
this is my 70 year old mother she wants to be able to use some if needed. she keeps talking of an imediate annuity?

 
3 Comments

Posted in Annuity Immediate Quote

 

Army Vet NEEDS Advice!!!!?

19 Mar

recently filed a Chapter 7 Bankruptcy & surrendered my townhouse; my debt was discharged April of 2009. After the bankruptcy I was under the understanding that the bank would be foreclosing on my home. Instead I’ve now found out that the deed is still in my name & the property is still mine. The bank has not begun foreclosure and I can’t get a straight answer as to if they even intend on foreclosing on this property. I’ve also been recently informed that all the monthly HOA Fees and taxes for the home is still my responsible. This home has been freshly carpeted, painted, & move-in ready since Oct. 2008 (when I was hoping & praying to find a buyer). I am a single mom & I am a disable Army Vet on a fix income of $1507 per month. I thought I would after I surrendered the TH & my debt was discharged the bank was suppose to foreclose on the home ASAP & that would be that. Instead they are doing nothing!

What are my opinions???

Can I somehow make the bank hurry up & start foreclosure to get the home out of my name for good?

Do I have the right to sell of rent this home? If so would that work?

Please someone give me some advice. I’ve worked very hard serving my country & lost almost everything. I have little income yet I don’t qualify for any social services or government assistance. I thought the Bankruptcy & surrendering my townhouse was the answer, a way to give me & my son a new start. This is a nightmare! I’m so stressed, the holidays are here & I’m tried of hearing my 4 year old son ask me why we don’t have anything anymore? I really need some advice, so PLEASE no wise cracks –

Thanks

 
2 Comments

Posted in Annuity Immediate Quote

 

Please translate this financial advice for my elderly mother for me (is it a scam)?

23 Feb

My 80-year old mother’s financial advisor just sent me this email. A few years ago he recommended an annuity, so I’m not sure I can trust his advice. What do you think he intends to do, and is it reasonable?

I would suggest that we move 100K of the almost 400K that will be earning 4.1% in her savings account. My recommendation would then be to allocate 40K into each of the two programs that I would recommend. One is yielding 6.2% and the other 6.3%. We would leave the remaining 20K in money market (currently earning 4.5% but will fluctuate and is subject to change as rates change). My objectives for these investment recommendations are preservation of principal, steady income, and capital appreciation on the back end of the program. Our total return target over the life of the program is an annualized total return of 9% -10%. There is no commission, load or ongoing fee paid by the client to go into these programs so the yield is a net yield.
Thanks for everything so far! Here’s more:
There are several investment programs with which I work that are direct investment programs that are non-correlated to the stock market or to the bond market, are non-traded and therefore do not change in value (share price is stable at $10.00) and are earning yields of 6.2% and 6.3%. We can re-invest the dividends or have the dividends swept into a money market.

 
8 Comments

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finance job advice?

19 Feb

I have a series 7, and a life, health and variable anuity license.
I still have a year to complete my bachelors. any advice on a good insurance company to work for? is it possible to manage school and a job doing financial service? I have and intervew with metlife, how is that company like working with financial service?

 
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Annuity Advice Tv Advert

07 Feb


You may spend a quarter of your life in retirement and some people will be as long in retirement as they were working. If you want to be able to afford to go to a Woodstock 40 year anniversary conc…

 
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Auto Insurance Advice : How Do Auto Insurance Premiums Work?

18 Jan


Auto insurance premiums work by using a rate calculator to determine the potential value of personal injury protection (PIP), property damage, uninsured motorist and collisions. Find out how premiu…

 
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Auto Insurance Advice : How To Buy Auto Insurance

09 Oct


To buy automobile insurance, contact agents, research insurance policies and get competitive rates. Hear why it’s a good idea to buy auto insurance from an actual person in this free video from a l…

 
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Investment Advice : How To Calculate Annual Compound Interest

06 Oct


Annual compound interest is calculated by adding the extra debt to the total amount. Learn the dangers of paying annual compound interest with this free video from an experienced floor trader on in…

 
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Investment Advice : What Are Annuities?

30 Sep


Annuities are a type of investment that pays a fixed lump sum up front and receives a steady stream of income in return. Learn about different ways that annuities pay out over the long-term and sho…

 
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I Want To Buy An Annuity. Any Advice?

19 Sep

I was recently fortunate enough to inherit a sizable amount of money that I do not need at the moment. I don’t want to risk it on stocks and shares. I made enquiries on the Net about buying an annuity, but on the returns that I’ve been quoted, I would have to live to about 100 before I saw any profit on the deal. I would be better off just keeping it in a Building Society.
This can’t be right otherwise no-one would buy an annuity. What am I missing here?

 
4 Comments

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Investment Advice : How To Buy Call Or Put Option (go Long)

17 Sep


Buying call refers to an option to buy, whereas a put is an option to sell. Find out why going long options are the best way to invest in this free video from an experienced floor trader on investi…

 
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Posted in Annuity Immediate Quote