have you ever experience something like this?
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STORY BELOW:
I’ve had a bad experience investing with World Financial Group - let me tell you about my experience.
5 years ago I invested $34,500 in mutual funds with a friend who became a part time financial advisor with WFG. Sure, help a friend out in her new business, right?
The statement I received from them earlier this year said I was up 9% since my initial investment. This seemed odd to me because I had only made a little over $2000 in the 5 years I held these funds. Based on these numbers I believe that I could have been paying as much as 4% fees. When I put in the request to release my funds it took them over 2 months to release them and they charged me more than $1300 in Fund Surrender Fees. So, after 5 years investing with WFG I got $35,402 from a $34,500 initial investment. I made about $200/year.
WFG is an MLM who care more about the MLM than the investor, in my opinion. If you are thinking about dealing with this company make sure you ask them questions about their fees and surrender fees and make sure they answer your questions clearly before you get involved. I trusted them because I trusted my friend and because of this I didn’t worry when they were
a little vague about what the fees were when I signed up. A lesson learned, but learned a little too late in life perhaps.
#horrorstories #wfgbadstories #badbusiness #badinvesment
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