08-23-2007, 09:37 PM | #11 |
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The way that I understand it they don't invest for their clients they only teach individuals how to invest and how to minimize the risk in those investments.
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08-23-2007, 09:42 PM | #12 |
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08-23-2007, 09:52 PM | #13 |
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add another 3 zeros to that 10,000, and you might have enough for BYU71 to spend some time with you. He only deals with big ballers though.
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08-23-2007, 09:52 PM | #14 |
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How many people do you have to have in your downline in order to get to that 50% return?
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08-23-2007, 10:01 PM | #15 | |
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That is what I thought
Quote:
The other reason why I was thinking about this education program is that just before this recent downturn in the stock market I invested in some mutual funds and they took a hit and I lost about $5,000. I understand that you have to have a long term perspective with the market, and that I will get it back (in fact I actually just bought more), however I like the idea of minimizing the risk through the strategies that they discuss. |
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08-23-2007, 10:11 PM | #16 | |
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If it's for a long term investment, put it in a Vanguard index fund and forget about it. If you have over 50K, you can start developing an asset allocation strategy and use a few different funds. But with that move you'll increase your return (or reduce your risk at same return) very marginally. Not in the manner you're thinking. |
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08-24-2007, 05:13 PM | #17 |
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There are alot of these companies in Utah. Investools is one, Russ Whitney's sales force is here in Utah, my bro in law works for them. I wouldn't give a dime to any of these outfits, they're all beyond shady IMO.
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08-24-2007, 05:19 PM | #18 |
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I am reminded of when I first got in the investment business a long time ago.
At first I was only allowed to talk to people about CD's. I cold called this one guy and he said all he had left was $40,000. He had just lost $40,000 with a commodity trader. He said he couldn't afford to lose another dime. For months I called him on CD's, then when I got licensed, T-Bill and bonds. Never could close the deal. Then one day he said, I have invested the money. I ask where? His answer, with the commodity guy that had lost the $40,000. He had convinced him he could get his money back. I hadn't really listened well. He didn't want to not lose his remaining 40, he wanted to get the 40 back he lost and he was waiting for someone to convince him they could. He said call him in a few months. I said no. He said why. I said, because you won't have any money. |
08-30-2007, 09:35 PM | #19 | |
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