By: David HuntercloseAuthor: David Hunter Name: David Hunter
Member: Member Paladin
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Email: davidhunter@horizonswealth.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=2886
About: David Hunter has over seven and a half years of fee-only advisory experience. He has served as the primary advisor and office manager for North and South Carolina. He has a BSBA in Finance (Financial Planning) from Western Carolina University, where he currently serves on the Finance Advisory Board. David attended WCU on a full athletic scholarship to play quarterback for the Catamounts. He earned his CFP® certification in July of 2004. David was married in July 2002, to Misty, who is an English teacher employed with Buncombe County Schools. They had their first child, Sadie, in September 2008. David is an outgoing individual and enjoys working with people. What he enjoys most about Horizons Wealth Management is the true “team” atmosphere, as well, as building lasting relationships with clients. David resides in Western North Carolina where he was born and raised. He enjoys spending time with family and friends, reading mystery novels, and participating in sports such as golf, basketball and other physical fitness activities. David is a loyal football fan and frequently attends high school, college, and professional ballgames.See Authors Posts (5) | June 24, 2009 | Investor Information

I recently had a newspaper clipping mailed to me by a client.  It was an advertisement for a high yielding CD, safe, FDIC insured, etc…

After reviewing the "fine print," we found that it was an introductory offer of 5% for 3 months and no mention of the rates after that.  There was a $10,000 maximum limit as well.  We also found that you could only get a CD after a financial meeting with one of this annuity company’s sales associates! 

After calculating the costs to the company, we found that it was cheaper for them to pay this interest short-term than to pay for a dinner presentation, workshop, and marketing services.  It was just another way of paying to get clients in front of their sales associates.  Similar to the free vacation/time share selling.

Be aware of any offer that has strings attached like this one.  Sometimes that dangling carrot is there for a reason and it is not for your benefit.  It could land you in a less than favorable situation that is difficult to get out of.

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