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09-29-2006, 09:50 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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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-.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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09-29-2006, 09:59 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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."
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Mr. Heywood Jahblowme
13 Outhouse Way
Anywhere, USA
800-555-1212
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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09-29-2006, 10:07 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Posts: 2,395
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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!
__________________
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
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09-29-2006, 10:14 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,319
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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.
__________________
We are, as I have said, one equation short. – Keynes
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09-29-2006, 10:30 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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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-.
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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............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-29-2006, 12:46 PM
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#6
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 91
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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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09-29-2006, 01:35 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,109
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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!
__________________
Duck bjorn.
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09-29-2006, 04:29 PM
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#8
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Dryer sheet wannabe
Join Date: Sep 2006
Posts: 10
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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!
Jenni
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09-29-2006, 06:42 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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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?
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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09-29-2006, 07:22 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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!
__________________
Work is something you do to get enough $ so you don't have to....Me.
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10-01-2006, 01:02 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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Re: Seminar Report #2
Quote:
So who was the presentor...someone local or what?
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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.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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