Here is a question for you.
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In the beginning i thought it was just me, but then i asked around, and everyone had a similar experience.
It is a very odd occurrence.
Let me tell you what it is: quite often, prospective members of our Club, before they join, ask us the following questions:
How do I know that I will get my money back?
or
How do I know that you will not take the money and run?
or
What kind of guarantees can you give me?
I find these questions very strange…
Here is what I mean: when you invest money, you should ALWAYS do your due diligence and check out the people you are investing it with.
HOWEVER 99% of people do not do that with Banks, Certified Financial Advisors, Insurance Companies or the government.
Banks take your money, spend it in stupid enterprises, lose it, and then they refuse to give it back. 100% of the times!
Certified Financial Advisors get a percentage from Banks or from the Financial Institution they are working for, in order to sell you “investments” which are neither good nor profitable. So, not only they do not know HOW to invest, they actually do not invest anything at all. They are just like the worst kind of USED-CAR SALESMEN, peddling to you dodgy products.
Insurance Companies (and their ‘financial advisors’) are instead VERY EXPERT at creating investment plans and pension plans. They usually ask you to pay 10,000 in order to get back 3,000. Which is of course a very good deal for them.
They are like the Certified Financial advisors in matters of honesty and integrity (i.e. rarely have any of it), but they differ in the sense that they are EXTREMELY PROFESSIONAL at conning you out of your money.
The government: promises, promises… do I really need to say anything else?
Local, regional, State and Country governments, nearly everywhere in the world, routinely scam their citizens out of their money… in exchange for nothing.
Yet people insist in buying Treasury-Bills or Government Bonds as if it was a reliable investment.
How can that ever be?
A one year Bond gives less than 1% of interest, but inflation is over 7%… that means that at the end of the Year your investment automatically loses 6%.
Elementary school arithmetics (7-1 = 6).
Yet NOBODY asks them:
How do I know that I will get my money back?
or
How do I know that you will not take the money and run?
or
What kind of guarantees can you give me?
I am beginning to think that people never ask these questions to Banks, Certified Financial Advisors, Insurance Companies or the government because if they did the answer would be:
You will never see your money back.
So…
For all the future members that are still on the sidelines, undecided whether to join or not…here are our answers:
Q.: How do I know that I will get my money back?
A.: You don’t. But if you wish we can introduce you to our satisfied Club Members, and you can talk with them.
Q.: How do I know that you will not take the money and run?
A.: You don’t. But, why would we? Unlike big institutions, our objective is to educate small investors, to help. If we didn’t help you… then it would defy the whole purpose. And also see reply to the previous question.
Q.: What kind of guarantees can you give me?
A.: You don’t have any. You don’t have guarantees with us. But you have guarantees with Banks, Certified Financial Advisors, Insurance Companies or the Government.
Banks, Certified Financial Advisors, Insurance Companies or the government are guaranteed to TAKE YOUR MONEY.
We don’t. So… it’s a good thing that you do not have guarantees.