An advisor I know recently shared a story of the biggest do-it-yourself investor I have ever heard. Short version - Potential client asked him to create a financial plan. He created a few different versions including one specific iteration she asked for, which was all annuities. Once she saw the outcome she thanked him and headed out the door without ever taking possession of the plan (never paid him either). He later learned she went and acquired her insurance licenses and bought about $2 million in annuities through herself for herself. Not sure if she kept the commissions or waived them.
I wonder if she makes her own soap and laundry detergent?
I wonder if she makes her own soap and laundry detergent?
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