I joined Primerica when I was 19 in 1994.My first month I got promoted to district leader & had top premium for the state.
I continued to grind part time & apply the money principals to my life . However , one exception, instead of emergency funds & growth mutual funds suitable for my age my regional vice president persuaded me to buy all company stock , I was gullable, greedy & nieve so I listened . Then 9-11 hit , my $123,000 saved in citigroup stock melted to $11,000 in a week . Worse yet I had just moved out of state across country to start the business part time in a new area .my home hadn't sold , I had debt on a Mercedes 600 sl & a $900 payment on a luxury apartment in the new state I fell into a great depression .
I never filed bankruptcy because I emotionally didn't want to . My credit is good but I still have debt payments from that occurance. Looking back I would have filed bankruptcy & sued my RVP & Primerica for my loss and future potential gains in a growth mutual fund . My RVP wasnt licensed to sell stocks a.d should not have recommended me buying them .
That is against the law If your RVP recommends you buy Primerica stock do they have a license to do so ? You'd better ask that question .
If not you need to hold them accountable .Sincerely , dreams shattered by Primerica