So I got this email from a "wealth advisory firm"...

I know
Saltynuts said:
Here is the bulk of it:

I wanted to share something you are not aware of and that is not being presented to you.

  • The #1 strategy I am using for clients provides for no income tax due for 5 years and is taxed at a capital gains tax rate at the end of 5 years.
  • It protects your investments from a market correction up to -40%.
  • It also provides for 125% of the stock market gains over the next 5 years.
  • No cost or management fees.
The strategy is simple and is not being shared with you. Would it be out of the question for you and I to visit 10 minutes by phone to share this strategy and keep you up to date on the very best options available to you?

I'm sure it is some kind of gimmick, but any idea if there is a particular product he is talking about?
More...

I know exactly what they are talking about. Read the fine print, and please don't give them any money.
 
Till you hear ,,Ello" in Indian accent.

Typical latter that i get :

,, From Mr. Ebenezer N. Onyeagwu
GROUP MANAGING DIRECTOR / CEO
Zenith Bank Nigeria Plc.

Attention:

RE: THE TRUTH OF THE MATTER,

Bla bla bla... pay your overdue contract/inheritance payment sum of Ten Million Five Hundred Thousand United States Dollars only ($10,500,000.00) as my first assignment to this office... Bla bla bla ''


 
Nobert said:
Till you hear ,,Ello" in Indian accent.

Typical latter that i get :

,, From Mr. Ebenezer N. Onyeagwu
GROUP MANAGING DIRECTOR / CEO
Zenith Bank Nigeria Plc.

Attention:

RE: THE TRUTH OF THE MATTER,

Bla bla bla... pay your overdue contract/inheritance payment sum of Ten Million Five Hundred Thousand United States Dollars only ($10,500,000.00) as my first assignment to this office... Bla bla bla ''
More...

I love it! Make fun of Indian accents and then misspell “letter” in the next sentence!
 
newwurldmn said:
I love it! Make fun of Indian accents and then misspell “letter” in the next sentence!
More...
Try talking in Lithuanian and Russian correctly -and i will love it as well.
Write this crap again and it's the last time we chat.
 
Nobert said:
Try talking in Lithuanian and Russian correctly -and i will love it as well.
Write this crap again and it's the last time we chat.
More...

I wouldn’t make fun of your English if you wouldn’t make fun of someone else’s ability to speak a second language.

There’s a phrase in English about stones and glass houses.
 
tiddlywinks said:
I am 100% sure there is a life insurance component to this strategy, but I do not remember the strategy name or the details.
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Doubtful as there is no life insurance product that would result in a tax liability after 5 years that is worth owning with any sort of return worth doing. Anything cash value product structured for less than 7 years and you risk the contract being treated as a modified endowment contract by the Internal Revenue Code and thus all the tax advantages the wealthy use whole life for are flushed away.

You can over fund a life insurance participating whole life policy with a mutual life insurance company, and if the product is structured properly you can achieve a tax-equivalent IRR of 4 to 5% over 20 years or more. These are not off the shelf contracts. Michael Dell, for example, is paying a $1,000,000 per month premium into a whole life product that will allow him to pull out about $10,000,000/year tax-exempt for life. In other words, you need a professional who knows what he is doing. You don't get these from CheapTermDotCom or Lemonade. Your averge advisor or insurance agent doesn't know these policies exist, much less how to design one.

The only life insurance product that might be used is an Indexed Universal Life (IUL) contract. Though there are certainly costs and fees involved, and it should be safe from any market correction regardless of the size. IUL's use index options to increase returns. But unlike the aforementioned par whole life product, you, the contract owner, assume all the return risk on an IUL, while in a par whole life contract all risk is shifted to the insurance company.

IUL's have become the insurance industries latest hot product. They are garbage, but like dot com stocks and then energy stocks, and then bankrupt stocks they will have their day in the sun and then they will be the financial services industry's next law suit as they are all designed to blow up. One colleague of mine who has designed IUL's for many of the largest carriers is famous for having said "the only thing an IUL illustration proves is that ink sticks to paper." But agents like them because they are an easy pitch and easy sale.

But @Saltynuts, if you do take the solicitor up on his offer, please do report back here as to the nature of the product, especially if it is presented as an insurance or annuity product. If it is a security product and they do not have a prospectus or if is unregistered (if they ask questions to determine that you are an accredited investor, for example) then https://twitter.com/SEC_Enforcement is a great twitter follow.
 
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