Market Sucks
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LPL just sent around an email telling reps to excercise the free-look clause on all AIG annuities, and not to sell any more contracts.
It did say not to exchange out of contracts at this time. Sucks to be an AIG annuity wholesaler.How about this...If a client has $10,000,000 in a mutual fund with it's biggest holding being 2% of AIG stock, if AIG goes bankrupt, the value of their holdings in this mutual fund becomes $9,800,000.
If a client has $10,000,000 in a fixed (either traditional or EIA) annuity with AIG and AIG goes bankrupt, the value could become $0. (ignoring state guarantees that can't be discussed)[quote=anonymous]
How about this...If a client has $10,000,000 in a mutual fund with it's biggest holding being 2% of AIG stock, if AIG goes bankrupt, the value of their holdings in this mutual fund becomes $9,800,000.
If a client has $10,000,000 in a fixed (either traditional or EIA) annuity with AIG and AIG goes bankrupt, the value could become $0. (ignoring state guarantees that can't be discussed)[/quote] I appreciate your help, but just because something can't be discussed doesn't mean that it doesn't exist. And as I said previously, my competition doesn't let the accounts exceed $100k.Borker, what was that saying…if you can’t beat em…join em…good way to go indy and keep your upfront costs low.
There you go....Idiots like this spammer, just can't even get ON to the other site. There are mechanisms in place to prevent it
The only possible conclusion to this dilemma is that the post count is so low that RR must allow these spammers in to increase overall post count on the forum or RR will be in violation of their advertisement contracts which will release Schwab, Red Cross, RJ et al so they can actually pursue profitable marketing avenues.
So now that this topic is bumped, how are you guys doing...2 years later?
(man, I can't believe it's been 2 years already!)
We're in a "New World Order" boys!
The whip-saw roller coaster last ten years proves the point...
This is worse than 2002. In 2002 , deep down, even tho investors blamed it on their broker, they knew they were being aggressive and speculating.
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