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Delphi bankruptcy
Beware you GM retirees who take those big "buy-outs"!
Posted by: Old Cold Warrior
Date: February 16, 2008 02:55PM
Beware you GM retirees who take those big "buy-outs"!
Posted by: Old Cold Warrior
Date: February 16, 2008 02:52PM
Mine wasn't making enough money in savings, just sitting there. So...a 4th 2nd financial adviser had me put it in a mutual fund...that has cost and lost me $6,000 during these past six months. WOW! Just think how bad I could have and would have done without the aid and advice of this 4th 2nd professional person, with his computer and online financial planning with forecasts and trends. How low can it go? I don't know. Without consulting him about our investment strategy, that is turning into a finacial tragedy, at least for me, I drove up there on the hill and put half of it back into my savings account. I will let him lose me a couple of more thousand dollars or so, before bailing out to save the rest. Then, I shall invest it with someone else. I've been burned, lesson learned. Small print hint: 4th 2nd Securities are not insured by the FDIC, investments with principal can be lost without legal recourse, of course. Are they selling products or working for and with investors?
Posted by: Old Cold Warrior
Date: February 16, 2008 02:52PM
Mine wasn't making enough money in savings, just sitting there. So...a 4th 2nd financial adviser had me put it in a mutual fund...that has cost and lost me $6,000 during these past six months. WOW! Just think how bad I could have and would have done without the aid and advice of this 4th 2nd professional person, with his computer and online financial planning with forecasts and trends. How low can it go? I don't know. Without consulting him about our investment strategy, that is turning into a finacial tragedy, at least for me, I drove up there on the hill and put half of it back into my savings account. I will let him lose me a couple of more thousand dollars or so, before bailing out to save the rest. Then, I shall invest it with someone else. I've been burned, lesson learned. Small print hint: 4th 2nd Securities are not insured by the FDIC, investments with principal can be lost without legal recourse, of course. Are they selling products or working for and with investors?
| Subject | Views | Written By | Posted |
|---|---|---|---|
 Beware you GM retirees who take those big "buy-outs"! |
629 | Old Cold Warrior | 02/16/2008 02:55PM |
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