Primerica

I was dragged by my co-worker to a primerica meeting…

Anyway, what bothered me and put me on guard right away was the change in attitude in my friend when trying to get me to join. It was the change of attitude that alarmed me and eventually became his downfall.

They promised a 10% compound interest. Which is awesome, any idiot can see the gain in that. It beats almost 90% of the market stocks. I learnt that they have vacations if they meet certain sales quota so I asked why they didn't meet the last one. Of course it was because of a drop in sales. But if no customers are getting out of the deals, why would the sales drop? 10% is a lot.

I think what they mentioned is the fact that the 10% fluctuates and sometimes you lose money. It is, afterall, just rrsp invested in mutual funds by their bankers who have as much idea on how to invest as your average joe.