Financials Question - Has any heard of or done business with
 

Western and Southern Financial Group



As it is explained to me, you invest X dollars. This is your baseline and the guarantee is you will not drop below baseline. Next year you are X dollars plus y Interest. X + y = new baseline.

Sounds a bit schemish to me. Has anyone heard of this? Thoughts? They have none of my money at this time but a friend has moved to them.

After losing so much a few years ago and just now creeping back to where I was.......

Is this the place that has the tv commercials with the smiling bald guy who says, "My clients were protected. They didn't lose money?" Sounds very suspect to me. Who didn't lose money at some point in the last eight yrs.?

Bernie Madoff offered something similar I believe.

Trust your gut.
Beware of: He who prominently touts his ethics, honesty, & trustworthiness.
offers unusually high or steady rates of return.
uses a questionable auditor.
who touts testimonials.

And don't invest in anything you don't understand.
Good luck my friend.

Depending on what Y interest % is, it sounds like a savings account.

My BS sensors have gone off big time on this one. My buddy put serious capital into them.

They are touting about 11.7% returns last year.

Rubbish. There is no investment on this earth that can't possibly lose money.

I would ask to see what they are investing in that allows them to make that kind of guarantee.

I said it before. If I could just find a financial firm that would charge a small % of the profits and nothing when they take a lose, that would be logical to me but a firm that says 100% of the time they can preserve your investment???, sounds fishy to me.

Yes no guarantees except for the money will be gone! Run Forrest Run!

If risk free investing was real you would know about it.

11% returns and a guarantee not to go negative is too good to be true IMHO. Nobody can get that return without risk. Even looking back in history, how could they invest it safely and get that?

You'd think Ponzi schemes weren't possible any more these days, but they are. They work because the investors are greedy - greed trumps carefulness.

What worries me is your description of your friend "moving to them". This means he put all his assets into one investment? That's flat out nuts.

Edit: Another common thing in fraudulent investment schemes is the "word of mouth" thing, where it isn't advertised anywhere and only invited people get to participate because the fund owner or whoever is running it is a superstar and too busy already making everyone a fortune. :)

G