Subject: Re: Re: Re: Re: Re: Citigroup downgrade

Comments:
: Bob, : If you are a Primerica rep, then you must be living the dream and making a substantial passive income stream from your downline, right? Primerica is the way to financial freedom....and you dont have any money to buy some stock? hmmmm. : Dear Bob, you CANT do what is best for your client because as a Primerica Rep, you are EXTREMELY limited in education, experience, and products. I am a fully licensed planner with the 10th largest bank in the country...I CAN do what is right for the client, and I DO what is right for the client. : I am a fully licenced financial consultant for the 10th largest bank in the country, and I just recieved the 4th offering of stock options for our company stock since 1999. Why doesnt Citigroup do that for Primerica Reps? hmmm. : Also, the only reason you think mutual funds are the best investment for your clients is because it is the ONLY investment you can offer. As far as term, it is appropriate for most clients, but the CHEAPEST term is the MOST appropriate. As far as Life Insurance, how can you do Estate Planning for elderly clients with term insurance? : What is an older client needs income?...will you put them in term and mutual funds? And lastly, you should not ask what a family or client need....you should ask probing questions, in order to tell them what they need.....you are supposedly the financial "professional" here. : : : Bob; : : : Is Citigroup your company? : : : If you are a "Primerican", it is not. : : : Primerica is a part of Citigroup, not the other way around. : : : Primerica contributes less than 2% to Citigroups bottom line. Quite frankly, not including the recent scandals, I cant see how Primerica uses Citigroup for name-dropping. Citigroup is one of, if not the largest issuer of consumer debt in the world. And citigroup is also responsible for alot of cash value life policies out there too. How can primerica reconcile that kind of hypocracy. Doesnt Citigroup earn most of its money from things that Primerica says are wrong for people? : : : Eric : : : : : : : : I noticed Citigroups shares lost 10% of their value today on earnings warnings due financial irregularities. Isn't this the same company that's the parent of Primerica? : : : : how did your company do this year. How does it compare to citigroup? Where does your corp stand on the forbes world super fifty? : : : : I would bet that Citi's 10% is more money than anything you'll ever see! : : : : Bob : : I wished I owned Citi group , even with all the unnamed scandals. I was trieng to see what the scandal was by the other person who announced that a companies stock was down 10% in these great bull market times. I personally take each situation and do the best for the client. My expierence has led me to believe that the best investment for the consumer is an IRA,401k in good mutual funds. Maybe some day someone can show me a life insurance policy that outperforms all other investments. As for life insurance i've found term is less expensive which allows people to get more coverage for thier families. I don't don't ask who the company is that sold them, I just ask what they need! : : Bob

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