[quote=Primo][quote=Hank Moody] [quote=Primo][quote=Hank Moody] [quote=Primo]So what do YOU suggest everyone do? Learn NOTHING from this experience? Maybe some people learned that their “safe” portolios were not as “safe” as they thought. Nothing wrong with admitting that and committing to working on a better long-term solution.

  I suggest that everyone have a plan based on whatever you personally base your plan on.  I suggest that you explain as simply as possible to your clients what the plan is.  I suggest that you lower expectations right up front.  I suggest that during good times you celebrate with your clients while reminding them that this will not always be the case.  Equities are the only investment that has good times and bad times?   This statement could apply to EIA's, muni's, CD's, real estate......I suggest that during bad times, you remind the client of the plan and when you told them it would not always be good.  I think learning from experience is a great thing, but that making dramatic changes because of market action This statement also could apply to EIA's, muni's... you get the point. is ill advised and often ill timed.   On a side note, using inverse positions is not common and difficult to do.  If you think it sucks for you and a client to be down on a long position,Equities are the only investment you can be long in?  Try harder Bobby. it is twice as hard when you are down on a short position.  Equities are the only investment you can be short in, try harder Bobby. Most clients and advisors are not wired to tolerate being down when the "market" Quotation marks used to imply whatever "market" you are participating in is up.
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Where does it say that we have to use equities to help our clients?
[/quote]     Where in this post did I say you have to use equities to help your clients?[/quote][/quote[/quote]

Being cute won't change your reality. I recommend that you continue to do business like you always have. It is so easy to take assets away from people like you, who have lost a lot of money for their clients and have resorted to telling them that the market will come back someday. Especially when I can tell them that they won't lose money and that THEY won't pay any commissions or fees.

Me: If you were to meet Primo for the first time, today, and he asked you to buy exactly what you currently own, would you do it?

Primo's Client: No.

Me: Primo believes in taking huge risks with your money. Do YOU believe in that?

Primo's Client: No.

Me: Would you like to put your money in a safer place?

Primo's Client: Yes.

Me: Sign here.

Primo's Client: Ok.

Me:  When you met Bobby today, did he tell you he has had 5 B/D’s since 1999?

  Bobby's Victim: NO!   Me:  Did he tell you his "no commission product" pays him 8%?  Who do you think pays for that?   BV:  No!  He said there was no commission!  Obviously I pay the commission.   Me:  Did he tell you that your money will be locked up for years, with severe penalties if you need to access it?   BV:  No!   Me:  Do you know what a participation rate is?  Cap rate?  Crediting Method?  Minimum rate?   BV:  Huh?   Me:  Did he tell you that you cannot lose money?   BV:  YESSSSS!   Me:  Well right here on the SEC website http://www.sec.gov/investor/pubs/equityidxannuity.htm it says you can.   BV:  What!!??   Me:  Did Bobby tell you that there is a proposal to have EIA's regulated as securities and he opposes it (careful Bobby, I have no problem posting the link) because people who sell these do not want folks such as yourself to be protected, it would hurt their income.   BV:  No!!   Me:  So let's review.  Despite numerous lies, ommissions, and the fact that you do not understand the product, you think this is a good idea?   Primo's Client:  No 

[quote=Primo]Me:  When you met Bobby today, did he tell you he has had 5 B/D’s since 1999?

  Bobby's Victim: NO!   Me:  Did he tell you his "no commission product" pays him 8%?  Who do you think pays for that?   BV:  No!  He said there was no commission!  Obviously I pay the commission.   Me:  Did he tell you that your money will be locked up for years, with severe penalties if you need to access it?   BV:  No!   Me:  Do you know what a participation rate is?  Cap rate?  Crediting Method?  Minimum rate?   BV:  Huh?   Me:  Did he tell you that you cannot lose money?   BV:  YESSSSS!   Me:  Well right here on the SEC website http://www.sec.gov/investor/pubs/equityidxannuity.htm it says you can.   BV:  What!!??   Me:  Did Bobby tell you that there is a proposal to have EIA's regulated as securities and he opposes it (careful Bobby, I have no problem posting the link) because people who sell these do not want folks such as yourself to be protected, it would hurt their income.   BV:  No!!   Me:  So let's review.  Despite numerous lies, ommissions, and the fact that you do not understand the product, you think this is a good idea?   Primo's Client:  No [/quote]

Please post the link. Also, post the link to all of the disclosure forms that the client's have to sign, while you're at it. Thanks.