Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Andy Thomas who wrote (198666)	10/18/2002 10:21:05 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

Actually it's not the refi business that is interesting its is the selling of the refi idea as a way of making money. It is a pyramid. The person that called me (if I joined the pyramid) would get some sort of % of what that customer was worth to C. I in turn would be "trained" and would call others and do the same. They in turn would do the same. I think you get the idea. Now instead of Just C, I had two other places offering a "business" idea to potentially make 50K/year (of course depending on how many clients I brought in and how many those under me brought in etc etc). Note: I keep saying C but it is some division or spinnoff of C. I forget cause I went to the seminar last March and will not talk to the clowns anymore except to ask if thay are affiliated with C or somone else. The last one was MSDW and that was yesterday. Everyone that goes to these seminars might just decide to skip the business portion of it and refinance with C under the "umbrella" of a complete package (insurance, stock advice, mortgage refinance, .... Financial Planning). They were willing to pay for me to get a brokers license (is that what I mean or do I mean financial planning license, whatever it takes to be able to recommend stocks) BUT .... I was told I could not be trained to conduct the business properly. Why? Because I told the person at the seminar that averaging into the S&P 500 was a loser. Their best financial planning advice was that stocks go up over time and that people should be averaging into the S&P 500 with EXPECTATIONS of returns at 10% a year. Compounded thay showed how taking $ out of your house and throwing it into the market would pay off handsomely over time. That is the advice being doled out. There are literally hundreds of people being trained every month to tell people to keep averaging into the S&P. Each one that brings in a new client gets a slice of the action. I told them the only part that made any sense was paying of their credit cards immediately. That of course made me untrainable. M

To: Andy Thomas who wrote (198666)	10/18/2002 10:49:06 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Here you go. This just in. Posted a resume for a computer analyst opening on Monster.Com and got this BS totally unrelated response. They must be sending these to any applicant for any position on anything. ========================================================= We have received the results of a job category search on your resume from Monster.com and would like to meet with you concerning the Primerica opportunity. Primerica is a division of Citigroup, the largest financial company in the world. Based on this job category search, we would like to invite you to one of three Business Overview Briefings that will provide details about our company, concepts, compensation and expansion. bla bla bla.... Primerica was the name I was trying to remember. Business overview. What a joke. Business overview consists of refinancing thru primerica and convincing other to do the same while also having them put $ into primerica managed accounts which equates to S&P fund. Sounds like a growth business to me after all these refinancings. M