Saturday, May 11, 2013

You can't say no to this offer

I am continually getting offers from "financial planners" who want to "educate" me in how to save and invest my money. This is quite a common way for financial planners to troll for new customers. Usually they bribe you to attend by offering a free meal. The one I got today was a little different. Of course it was from a self-seeking "investment counselor," but this was under another guise. The offer was sent by the University of Delaware, and advertised as a "course" given through the university, at the university campus. Instead of getting a free meal, the university required a tuition payment of $39.
When I was a library director these financial gurus were always after us to let them offer a seminar in our library. I always refused because it was all about a hidden agenda, and I didn't want the library to be used for profit. Not that I am against making money--I'm all for it. But the library is a tax-supported institution and should not be recommending an investment scheme under the pretense of educating the public.
Why is the University of Delaware pimping for some financial advisor? Are they that hard up?

1 comment:

creakypavillion said...

They probably listened to his advice!
And now are engaged in financial pyramid scheme.