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World Financial Group (WFG)

I just had a meeting at my place with 2 WFG agents that know my mom...well one of them.... the financial plan they talked about seemed too good to be

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Old 04-08-2009, 09:21 PM   #1 (permalink)
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Exclamation [AVOID] World Financial Group (WFG)

I just had a meeting at my place with 2 WFG agents that know my mom...well one of them....

the financial plan they talked about seemed too good to be true but i didnt say anything, i would like to know if any of you have or had any experience with them.

they said they guarantee 2% return no matter what.....i find that weird.


I'm going to attend one meeting to see it.




share your thoughts....

Last edited by nogoodname; 04-09-2009 at 08:27 AM.
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Old 04-08-2009, 10:07 PM   #2 (permalink)
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i googled it and it's totally mixed........but there's a huge load of complaints.


pyramid scheme...scam....bad sales pitches.



i'll go to learn all the stuff about the markets right now and whats available.... and i'll talk about it to my current brokers.....i'll just use them for there knowledge...that's if they have some...ha
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Old 04-08-2009, 11:43 PM   #3 (permalink)
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Stay away from the markets, look what they did to the US.
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Old 04-09-2009, 12:04 AM   #4 (permalink)
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Quote:
Originally Posted by nogoodname007 View Post
i googled it and it's totally mixed........but there's a huge load of complaints.


pyramid scheme...scam....bad sales pitches.



i'll go to learn all the stuff about the markets right now and whats available.... and i'll talk about it to my current brokers.....i'll just use them for there knowledge...that's if they have some...ha
they are pretty deceptive... its a complete pyramid scheme... my sister was caught into the whole thing and was convinced that she would be successful selling their stuff...

initially they make profit off you by selling you their "information" and "teaching materials"... after that point they would create you as an agent and they are banking on the fact that you are going to sell their stuff to your friends and family (from mortgages, insurances, and what not) with a promise that if you either recruit enough people (aka have enough agents working for you) or make enough sales then you get a certain percentage of the profits... aka a typical pyramid scheme and you would be just an agent...

the issues are first the services/loans they are selling are nothing special...they would just teach you how to highlight the good points and sell them in a way to hide the true value of what they are offering.. just like a car sales man...

the second issue is that you will destroy relationships ...the fact that you are in a motivation to create profits or recoup your initial costs, you would be pressuring anybody to either buy or join you... but if they are knowledgeable enough about finance, they will automatically see the truth behind your services, and not purchase the service... in return it would create a rift between you and that person...

lastly, they will rip you off with your payments and use your resources to keep the whole process going... as of today, they have not given my sister her full commission from the mortgages she was able to sell to her friends... they just used her to get in contact with her friends and my family to do sales pitch ...but most of my family are accountants... so nobody bought their sales pitches... as a result, my sister alienated her self from our family...

as such... i suggest for you to not even go to their meetings... if you do not believe me... then definitely get all their information and present them to somebody who has financial knowledge ...aka an accountant/lawyer/certified agent...
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Old 04-09-2009, 02:09 AM   #5 (permalink)
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Not this bullllshhiitt again

stay away from them its complete crap from my own experience.
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Old 04-09-2009, 08:21 AM   #6 (permalink)
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i sensed something funky from the 1st few words.


I think this is exactly like ACN but ACN sells telephones/telephones services
and WGF sells insurance/RRSP's/Loans....but both make more money on just getting ppl to join in and become an agent.
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Old 04-09-2009, 10:09 AM   #7 (permalink)
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Quote:
Originally Posted by nissmotourer View Post
Stay away from the markets, look what they did to the US.

I disagree with this completely, but will just say that the markets have some great buys right now and are still one of the best ways to gain wealth, especially if you are young. Just know what you are doing.
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Old 04-09-2009, 01:19 PM   #8 (permalink)
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But this thread is about ppl being deceived by WFG.
I agree that investing right now is the best if it's done right.
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Old 04-09-2009, 01:58 PM   #9 (permalink)
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Quote:
Originally Posted by LSUTurboTiger View Post
I disagree with this completely, but will just say that the markets have some great buys right now and are still one of the best ways to gain wealth, especially if you are young. Just know what you are doing.
Please look at how much banks have stolen from the US taxpayer...everybody knows they control the markets through Class-A shareholders (those are the real owners). They will steal your money and not even blink, go ahead and invest in the stock market but I am telling you it's a rich man's game, they gamble with joe schmos money.
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Old 04-09-2009, 03:22 PM   #10 (permalink)
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Sounds like Amway Nogood. I'd be very wary of something like this. The only things that I know of that provide guaranteed returns are CD's, T-bills and high yield savings accounts.
I kind of chuckle when I think of the money I have lost through Securities. The irony is I had securities but there was nothing secure about them.

These guys sound like another form of "multilevel marketing."

I'd stay away from this one.
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