If any Financial Sales person ever offers to take you out for dinner/and or Lunch at a fancy Steak Restaurant do 3 things.
1) Take advantage of their generous offer. It is a fact that food tastes better when you don't pay for it.
2) Order the most expensive item on the menu. Never order Chicken, Burgers or just a Salad. Remember you are not paying. Go for the Big Ticket Items. Casually Order a $60 dollar steak, appetizers and alcoholic beverages like its a $5 dollar foot long from Subway with chips and coca cola.
3) Beware of crappy returns if you actually follow their "Investment" advice and buy into what they are selling. Listen to their pitch and run the numbers yourself.
Did you really think that because some guy called to tell you that you and 5 friends have won a free lunch, that he is capable managing millions of dollars?
A new study found, The more often Series 7 Registered Reps take prospects out for lunches/dinners, the more likely the returns will be lower than those of the major market averages.
The Top Investment Managers don't need to impress people with Fillet Mignon, Prime Rib, and Lamb Chops.
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