What the financial planner suggested was a placement with the firm in some private equities of a US based company. I was listening to the guy for a good 25 minutes. He told me all about the prospects of the company and even gave me a website I could visit to check out the price quote for myself. At first I listened intently, but as he went on and on, although he’s a great conversationalist, I found it to be too much of a drag. It didn’t seem like he wanted to end the call until I said I’ll buy some equities!
I told him that I’ve given him more time than intended and that I had to get back to work. I asked him to leave me his email and if I’m really interested after doing my own research, I would contact him. But he still went on being pushy and saying how I should enter ino the opportunity quickly, within the next 2 days so that I could make some money.
With that attitude, he actually pushed me further away from the sale than he thought. I might still check on the company and the opportunity it presents, but I might not be buying it from him. The last thing I need is a pushy and aggressive financial planner!
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Well, not sure if you meant Private Equities Fund or Private Equities?
If the person is trying to sell get you to invest into PE Fund (which I obviously don’t think so), then this is definitely the wrong approach!!!
PE Fund do not approach clients through phone call or even emails or website. You’ll probably be invited to a very nice, classy office to take a look at the performance of the fund over the years, what they have invested etc, before they get you to sign a Non-Disclosure Agreement (NDA) to review the Offering Documents!
On the other hand, if they are trying to sell you some private companies’ equities, I am not sure what’s the tax implication to you for investing direct into US companies.
But, do bear in mind that the performance fee for PE is pretty high and it can suck up a huge portion of your gains. Well, hack care… as long as they can generate 12% yoy returns, why not give them some carrots!!