u also bias wat. u sweep insurance and mlm together. and i
firmly believe that iinsurance (the product) is something useful
and based just on that i will still continue to promote. any other
product i'd seen with mlm so far (it actually started with u
targetting my excuse why i dun join mlm) has been duplicates of wat
is already available in the market abeit with higher costs, charges
the agent (rather than give pay)
Same workings. Financial products are useful as long as they
dont collapse. MLM products are useful as long as people dont find
out that they are dud. MLM products are supposedly more expensive
because people think that MLM bosses want to rip off people. Then
insurance boss dont want to earn profit as well? Thats explain the
recent trend to copy MLM by having more levels of commission
structures, hence the multi level that exist in current insurance
companies, where insurance sellers progress from single direct
seller to having include the structure of team and managers earning
from his team members. You have not count hidden costs in buying
financial products, such as interests, fees to companies,
commission due to teams managers and sellers, and other fine
prints.
u also look at insurance about investments aspect onli. and agents
are people who sell u a service (of financial planning) NOT da
managing of funds. there is no training in that for agents and if
any agent can guarantee u any performance u shouldnt even be
talking to him.
Just flip through any basic investing books, no need any
advanced university professor's written book, and it will tell you
to steer clear of financial planners and advisors who have interest
in the securities they are offerring. They earn from it, so why the
hell shouldnt they be recommending it. The main points are that we
are not just looking soley at the performance of any financial
advisors, but whether he has an interest in the product he sells.
At the end of the day, the financial planner get a nice fat cheque
at the end of the month, while the customer may live in fear of
capital losses the moment his securities mature.
and as for any stuff u mentioned...(theres almost black sheep in
any field) but u single that out as a trend for insurance. also
bias wat. 
[/b][/quote]
That is the crux of the matter, every company practise it, a few
has shown to collapse, and we have no idea whether there will be
the domino effect. At the rate of unregulation in this aspect, it
is scary, We are just waiting for the insurance bubbles to
burst.
