by Structured Settlement Watchdog®
More proof that taking investment advice from cash now pushers and/or their affiliates, who may be unlicensed to provide investment advice in the United States, could be hazardous to your financial health. A website which was located at sell-structured-insurancesettlement.com, in the course of promoting a website associated with George Schwartz of JG Wentworth, attempted to get structured settlement annuitants to sell their structured settlements using the following message:
"Sell-my-structured-settlement.com can purchase your structured settlement payments in exchange for a lump sum payment that you can invest any way you want. Like the way GM is rising to the top again? If so, you can use your lump sum to buy some GM stock. Or your can use it for other investments. With the sell-my-structured-settlement.com team on your side on your side you can have money in your hands before your investment opportunity disappears".
So let's consider the following:
1. Selling your structured settlement will likely result in a capital loss. If you sell, you sell your future payments at a significant discount
2. If you had taken the investment advice and sold your future structured settlement payments and invested in the lump sum in GM stock, you would have lost money. I captured a screen shot of the web page containing the solicitation on March 25, 2015 at or about 745am. Download Sell structured settlement investment example. I assumed that it would take 3 months from March 25, 2014 to allow for the time it takes to close a structured settlement factoring transaction and have the proceeds to investment. On June 25, 2014 GM common stock was priced $34.51 at the close. On August 3, 2015 GM stock closed at $31.68, an investment loss of 8.2%. Download GM Historical Prices _ General Motors Company Common S Stock - Yahoo! Finance
What this means is you sold your stable guaranteed income at a big loss, which was then compounded by making what proved to be a bad investment by relying on the promoter's bad investment advice.
Now where are you?
The promoter's website was registered to someone in Istanbul Turkey and the website is no longer active. Download Sell-structured-insurancesettlement affilate marketer for sell-my-structured-settlement.com
Unfortunately this type of activity is commonplace where cash now pushers use affiliate marketers.