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Seminar Report #2
Old 09-29-2006, 10:50 AM   #1
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Seminar Report #2

I attended another financial planning last night at the local Outback Steak House. What follows are my notes:

Retirement Planning Seminar 9/28/2006

Location: Outback Steakhouse

Room for about 80 however only about 30 were in attendance. 1:30 was length of presentation. Ordered food prior to seminnar began. In speaking to the presentor just after I arrived (a bit late) I was asked to "sign in". I questioned this and asked why and was told "When I am writing them a check for over $300, I like to know who is here."

Covered risk/reward; age appropriate investing; “I have only 3-4 mutual funds that I like”; shrinking income; A shares, B shares and* C shares with 1% fees ~”It’s the one that I like” he said; he slammed First Command 50% commission; “No such thing as a NL fund”; “#1 fund is American Funds, my favorite”; VAs have “a lot of fees”; ‘inservice distribution” means that one can RO* 401k, 403b etc funds to an IRA while active; EIA are a good solution to many investment problems; he hit bonds very briefly w/vague info; Re: living trust~ not needed unless you have buildings as an investment; LTC very brief/vague”; financial media folks (Cramer, Orman, Quinn, Ramsey, Burns) are all* pretty good.

He seemed very rushed (ill prepared?) at the end of the presentation and mentioned it several times that he was not going to be able to get into a subject because the food was almost ready and “Outback doesn’t want you folks to wait."

We were asked to complete and submit a Response Sheet for a free consultation. I did not complete it.

Had an 8oz center cut sirloin steak w/baked potato and salad. Alternate entrees were salmon and chicken.

I rate the meal as an A. Presentation rated as a C-.
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Re: Seminar Report #2
Old 09-29-2006, 10:59 AM   #2
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Re: Seminar Report #2

Quote:
Originally Posted by mickeyd
In speaking to the presentor just after I arrived (a bit late) I was ased to "sign in" I questioned this and asked why and was told "When I am writing them a check for over $300, I like to know who is here."
Mr. Heywood Jahblowme
13 Outhouse Way
Anywhere, USA
800-555-1212

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Re: Seminar Report #2
Old 09-29-2006, 11:07 AM   #3
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Re: Seminar Report #2

Thanks for going, and the report!

I often get stuff in the mail from people inviting me to pick a restaurant and a date, with "tickets" included. Outback seems to be a common hit. *Some try to be more exclusive, with fancier paper and tickets, and only one showing.

After a brief read, they all go into the landfill fodder bin.

I figured they were just a method of trolling to try to snare new clients. But I sometimes wondered what one would be like.

Thanks to you, I know now!
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Re: Seminar Report #2
Old 09-29-2006, 11:14 AM   #4
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Re: Seminar Report #2

I just got invited to a "women's investing" seminar w/special guest Sarah Ferguson (a $149 value in bold italics). I don't have an androgynous first name... so... ? My wife wondered if they were going to talk about Weight Watchers. I said she was welcome to go, find out and report back. I guess we'll never know.
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Re: Seminar Report #2
Old 09-29-2006, 11:30 AM   #5
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Re: Seminar Report #2

Quote:
Originally Posted by mickeyd
I attended another financial planning last night at the local Outback Steak House. What follows are my notes:

Retirement Planning Seminar 9/28/2006

Location: Outback Steakhouse

Room for about 80 however only about 30 were in attendance. 1:30 was length of presentation. Ordered food prior to seminnar began. In speaking to the presentor just after I arrived (a bit late) I was asked to "sign in". I questioned this and asked why and was told "When I am writing them a check for over $300, I like to know who is here."

Covered risk/reward; age appropriate investing; “I have only 3-4 mutual funds that I like”; shrinking income; A shares, B shares and* C shares with 1% fees ~”It’s the one that I like” he said; he slammed First Command 50% commission; “No such thing as a NL fund”; “#1 fund is American Funds, my favorite”; VAs have “a lot of fees”; ‘inservice distribution” means that one can RO* 401k, 403b etc funds to an IRA while active; EIA are a good solution to many investment problems; he hit bonds very briefly w/vague info; Re: living trust~ not needed unless you have buildings as an investment; LTC very brief/vague”; financial media folks (Cramer, Orman, Quinn, Ramsey, Burns) are all* pretty good.

He seemed very rushed (ill prepared?) at the end of the presentation and mentioned it several times that he was not going to be able to get into a subject because the food was almost ready and “Outback doesn’t want you folks to wait."

We were asked to complete and submit a Response Sheet for a free consultation. I did not complete it.

Had an 8oz center cut sirloin steak w/baked potato and salad. Alternate entrees were salmon and chicken.

I rate the meal as an A. Presentation rated as a C-.
Sounds like a Metlife of NML seminar...............

At least you got a good meal............

When I did seminars, I practiced the presentation a million times, and timed myself. It's pretty worthless if you can't get the info out in a limited time..........

I used to do "Smart Women Finish Rich" seminars until Van Kampen put "you have to use us as a majority of your investing in mutual funds" mantra on using the program............
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Re: Seminar Report #2
Old 09-29-2006, 01:46 PM   #6
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Re: Seminar Report #2

We get alot of these invitations also. I took a course at a CC on retirement planning and it was very good. lots of neutral information. It was 4 nites, 2 hours each nite. The instructor was from a FP firm and at the end he offered a free eval. We would have done the eval, but they only offered appt time between 10-3, because he likes to go home to his kids.

My hub is a contractor and we were not about to give up cash. I though this was short sighted of him.
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Re: Seminar Report #2
Old 09-29-2006, 02:35 PM   #7
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Re: Seminar Report #2

I signed up for Lucia's gig this Saturday, then I learned that it is at the Seatac Hilton, not the downtown Hilton. To get there before the presentation starts I would need to take the 5:20 am ferry... don't know if it would be worth getting out of bed THAT early!
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Re: Seminar Report #2
Old 09-29-2006, 05:29 PM   #8
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Re: Seminar Report #2

We attended one about a month ago - our very first. I thought the food (buffet style) was good but DH rated it a so-so. Then, again, I think any cooked food is good.

DH had the same question when asked to sign in at the door. They said it was for IRS for expense write-off or some deduction of the kind.

Happy Friday to everyone!

Tomorrow is our anniversary. Going to Baltimore to see the world. Can't wait!

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Re: Seminar Report #2
Old 09-29-2006, 07:42 PM   #9
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Re: Seminar Report #2

Dang...wish I could get Outback for free. So who was the presentor...someone local or what?
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Re: Seminar Report #2
Old 09-29-2006, 08:22 PM   #10
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Re: Seminar Report #2

As my DW always reminds me.

Any meal that I don't have to cook is a good meal!
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Re: Seminar Report #2
Old 10-01-2006, 02:02 PM   #11
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Re: Seminar Report #2

Quote:
So who was the presentor...someone local or what?
Yea, he was a local guy who claimed to have been in business in the city for 25 years or so. I guess he was just trolling for new clients and this beats telemarketing.
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