|
|
 |
 |
 |
 |
 |
In Reply to: Re: investing in mutual funds/other investments with Primerica posted by Yanic on May 16, 2001 at 12:53:52:
: Primerica agents do have the capability to offer some decent mutual funds...BUT:
: Do you want to invest your money with a Primerica representative who, in all likelihood won't be "in the business" 1 year from now?
: Would you trust your money to someone who sells investments only on a "part-time" basis and is not committed to full-time servicing of existing clients?
: Would you be concerned that if your rep quits, another rep will come along and probably try to move your investments to generate commissions?
: If I were you, I would go to the bookstore or library and do some reading about 401Ks/IRAs, etc...and then go find an independent broker who you can negotiate fees with.
: Just my $.02.
:
: : Can anyone tell me about thier experiences investing thier money with Primerica? I have been pondering if I should spend my hard earned dollars in a long-term investment paln but I'm still leery because I'm unfamiliar with the company. Sure, they're affliated with Solomon Smith Barney and Citibank but have any of you had good or bad experiences investing your money? Are there any corperations that do business with Primerica? What is Primericas role in al these other companies they're associated with? Thank You.
Would you trust your money to the biggest company on the planet (over 900 billion in assets)?
Would you dare take a chance in investing your money with a company that is one of the 30 companies that make up the DOW JONES average?
Would even conceive of the idea to trust a company that, although have qualified part-time employees, are partners with that little investment company Smith Barney?
Primerica is a subsidiary of Citigroup. As is the Travelers companies, Smith Barney investments, and Citibank.
Primerica is just simply the marketing arm of the conglomerate, Citigroup.
There is one thing I would take with you from this other poster. That one thing is, do your own checking around (like you did on this board). It's the sign of a smart investor.
By-the-way, if you plan on going with some independent broker or an established firm, be prepared to open an account with them. Usually around $2000-$2500 unfortunately.