Family member's and scams - Page 3

On October 15 2010 12:00 Night2o1 wrote: If anyone (ie tenbagger etc) knows anything about the annuity products that "Allianz" sells and can give me some info I'd really appreciate it. We're talking about $70k btw.

the company has a z at the end of its name. insta scam

Whats her address/phone number if you dont mind

oh my fucking god. If anyone tried to shit with my family it wouldn't even go half a smoothly as it is with your grandma. If you love your family then you gotta watch out for em. Sometimes they might not like it but tough shit.

I'm a firm believer in tough love. They might hate your guts temporarily but eventually they'll thank you later. And even if they don't and are too retarded to realize it later on then I guess there's no stopping them from getting fucked later too.

But regardless I feel as a close friend/relative/etc you are morally obligated to help him/her to the best of your ability and even to the point of them disagreeing/hating you. Does the little kid hate his mom for a day for not buying him that cool looking gun/knife/other dangerous toy/weapon? Or little boy hates mom/dad for not letting him/her eat that shitty food that'll destory his/her health?

gotta watch out for the people close to you man.

Lol

Ok, so I've spoken to the guy again and I got quite a lot more information. It actually looks like a very legitimate investment. Going to do a bit more looking around the intertoobs to double check and take a look at the paperwork.

Exalted you suck hard kid

On October 15 2010 16:21 Night2o1 wrote: Lol Ok, so I've spoken to the guy again and I got quite a lot more information. It actually looks like a very legitimate investment. Going to do a bit more looking around the intertoobs to double check and take a look at the paperwork. Exalted you suck hard kid

Are you sure he didn't just smoothtalk/scam you right in your face?

that is why I'm still going to research this specific product

On October 15 2010 16:21 Night2o1 wrote: Lol Ok, so I've spoken to the guy again and I got quite a lot more information. It actually looks like a very legitimate investment. Going to do a bit more looking around the intertoobs to double check and take a look at the paperwork. Exalted you suck hard kid

a "legitimate" investment doesn't mean it's a good investment vehicle.

You'd be 1000x better off by just shoving the money into iShare ETF's or something.
If the bond market didn't completely blow ass right now, that would be an option too since she is an elderly person - though her strategy would depend on whether her financial goals are to provide for herself, or to leave the maximum possible amount to her descendants.

On October 15 2010 12:29 Bigbobm wrote: also, if anyone is ever trying to 'sell' you a stock, 99% of the time its bullshit.

I'd go so far as to say it's 100%.

its an annuity, not a stock

yes I know there are other investment options, she wants to do an annuity and it fits her needs

well, idk how much this product pays per year, but for instance, a preferred stock ETF pays 7.5% in dividends atm.
Not saying you should buy this product I mention, but there are a lot of alternatives :O.

(also consider taxation issues too!)

I hear ya This honestly seems like a very reasonable investment and if the terms are as described I'm happy. Its actually the MasterDex X, not the masterdex 10 and there is a big difference... still going to google it up for an hour or two this weekend to make sure

On October 15 2010 15:13 bane wrote: Show nested quote + On October 15 2010 12:00 Night2o1 wrote: If anyone (ie tenbagger etc) knows anything about the annuity products that "Allianz" sells and can give me some info I'd really appreciate it. We're talking about $70k btw. the company has a z at the end of its name. insta scam

Allianz is a pretty big company lol unless he just using the name to scam idk

double post

On October 15 2010 18:22 Mortensen88 wrote: Show nested quote + On October 15 2010 15:13 bane wrote:   On October 15 2010 12:00 Night2o1 wrote: If anyone (ie tenbagger etc) knows anything about the annuity products that "Allianz" sells and can give me some info I'd really appreciate it. We're talking about $70k btw. the company has a z at the end of its name. insta scam Allianz is a pretty big company lol

yeah its a massive company, but neither I nor my grandma had ever heard of it lol. I'm pretty sure their name is not well known around these parts.

omg night has been scammed as well

somebody poop in his room

massive company doesnt mean all their products are sound either.

Definitely look at what fees you're being charged for. 99% of the time you'll see outrageous maintenance and management fees, even in investment instruments that shouldn't even need them...

lol night, although i worded my advice harshly, it would be prudent to get your act together since fucking this up would be a much larger decision than "getting it allin with AK vs AA [for the nth time] and crying about it"

tough love man, tough love

go watch glengarry glen ross (a movie about salespeople) and maybe you'll understand where I'm coming from. matchstick men is an OK watch too.

people need to earn a living (i.e. the person selling to your grandma) and it would be a shame to have you write a blog post 3 months from now saying you got scammed and how you are so ul and the world hates you etc. i know it would sure as hell tilt the shit out of me