Harry S Dent

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Aug 4, 2006 11:52 am

Whatever happened to Harry Dent? The economists that predicted Dow at 40,000 by 2008.

Aug 4, 2006 12:18 pm

Did you read his book, enough said.

Aug 4, 2006 1:37 pm

newer book came out, 2004 I think

The Next Great Bubble Boom

haven't read it though.

Aug 4, 2006 10:06 pm

He’s not wrong…probably just early…

Aug 5, 2006 3:39 am

Remember the AIM Dent Demographics Fund? 

Aug 5, 2006 3:57 am

[quote=Soothsayer]Remember the AIM Dent Demographics Fund?  [/quote]

::wince::

Thank goodness I missed that one!
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Aug 5, 2006 2:32 pm

There was a "financial planner" in my area who would do these seminars where he would "unlock all the value and potential of VUL".  He had people cashing out retirment plans, liquidating appreciated stock positions, you name it, and putting it all into an ING VUL product.  His favorite (and sometimes only) (Are you gasping again?) subaccount--you guessed it--AIM Dent Demographics. 

BTW, the guy had more letters after his name than a can of alphabet soup, and would use those "credentials" to run down his competitors.  "Why have they not improved themselves professionally?"  "Do they not take you and your money seriously?"  And my favorite, "The reason that you have never heard of this idea before is that your advisor is not licensed or qualified to 'present' it to you, or he/she simply doesn't understand the time value of money combined with the time value of zero tax."  Then we would repeat, over and over the "zero tax" part.   

True story.    

Aug 6, 2006 12:52 am

Soothsayer- Great post.

I also met a Dent disciple a couple of years back.  His strategy was to put clients $ in a leveraged (200%) Nasdaq 100 fund- in an annuity.

I was shocked.  I asked him if the 80% decline in the index gave him any pause, and he mentioned that the "last-great boom was just ahead, and all would work out.  Besides- I've already been paid via the upfront annuity." Freakin scumbag.

Aug 6, 2006 11:09 pm

People that do that in any industry eventually burn themselves out of the business. There are guys like that in my town. Of course their investment of choice is usually a 10% payout VA.

Aug 6, 2006 11:43 pm
peanutbroker:

People that do that in any industry eventually burn themselves out of the business. There are guys like that in my town. Of course their investment of choice is usually a 10% payout VA.



You're a moron. Does it really pay 10%? Did you pass the Series 7 yet?

Maybe it's an index annuity you're thinking about.