some investors in Canada went to a seminar. the keynote speaker was Jerry White.
one small problem; the brokerage (firm) is not licensed to sell securities. the investors are worried as around 3.2 million may have been invested from people who attended the seminar.
and may be lost/stolen/....who knows.
many claimed they would not have gone or invested but they went because Jerry White (on tv, and radio and claims to have written 50 books on investing, and taught(guest lecturer) at Concordia and UT (mba program....hard to believe...but true.)
anyways Jerry White maybe should have checked into the firm but he does many presentations a year. at the end of the day these investors should take some responsiblity.
if they researched or just googled they would have found out information on Jerry White and then they could have stayed home or read a few articles about some of these finanical gurus.....
rules on a seminar.
1. avoid most of them.
2. never go to one that offers you a free meal.
had a friend go to one, not worth phone calls every three days for six months....buy your rubber chicken meal...
3. never invest money within two weeks of a seminar.
a cooling off period, to look into the product.
4. do not pay large amounts for "this great information"
read an article about someone who set up a booth on dividend reinvestment plans. investing for the long haul. anyone down the hall a seminar on making 50% guarantee (free also ) of coarse to get the good info you had to pay $500 for a second seminar....and $200 a month.....so many people....suckers.
5. know the speaker.
do some research on product or speaker. by the way paid $10 to see a speaker a broker brought in (all money went to a local charity). good speaker.
6. how much do they get.
these people do not set these up for charity, how much in fees are they getting.
7. realize the crowd is often wrong.
8. beware of buzzwords/investment sales gimicks fads
ie. y2k, baby boomers, ect.
thanks
selkirk
one small problem; the brokerage (firm) is not licensed to sell securities. the investors are worried as around 3.2 million may have been invested from people who attended the seminar.
and may be lost/stolen/....who knows.
many claimed they would not have gone or invested but they went because Jerry White (on tv, and radio and claims to have written 50 books on investing, and taught(guest lecturer) at Concordia and UT (mba program....hard to believe...but true.)
anyways Jerry White maybe should have checked into the firm but he does many presentations a year. at the end of the day these investors should take some responsiblity.
if they researched or just googled they would have found out information on Jerry White and then they could have stayed home or read a few articles about some of these finanical gurus.....
rules on a seminar.
1. avoid most of them.
2. never go to one that offers you a free meal.
had a friend go to one, not worth phone calls every three days for six months....buy your rubber chicken meal...
3. never invest money within two weeks of a seminar.
a cooling off period, to look into the product.
4. do not pay large amounts for "this great information"
read an article about someone who set up a booth on dividend reinvestment plans. investing for the long haul. anyone down the hall a seminar on making 50% guarantee (free also ) of coarse to get the good info you had to pay $500 for a second seminar....and $200 a month.....so many people....suckers.
5. know the speaker.
do some research on product or speaker. by the way paid $10 to see a speaker a broker brought in (all money went to a local charity). good speaker.
6. how much do they get.
these people do not set these up for charity, how much in fees are they getting.
7. realize the crowd is often wrong.
8. beware of buzzwords/investment sales gimicks fads
ie. y2k, baby boomers, ect.
thanks
selkirk
