Primerica Mutual Fund?

Question

I am going to invest 6000 dollars in a mutual fund and then put in a monthly deposit, my mom invested in primerica and her mutual fund has gone up like 300 dollars in one month I am just wondering if they are good the representitive is a family friend so she has our best interest. My mom put in 18000 and she has already gotten 300 dollars I am just wondering if they are good because they are kindove a pyramid scheme. Is it a good company have you invested in them.

Answer 1

Primerica doesn't own any mutual funds, they market them. Some of the well known mutual funds they market are: Legg Mason Partners Funds, American Fund Funds, Van Kampen Funds, Oppenheimer Funds, Fidelity Advisor Funds, Franklin Templeton Funds, MFS Funds, and several others. Keep in mind there are over 2000 different mutual funds, Primerica offers quality mutual funds that has a long track record of success and have good Morningstar ratings.

While you can invest through any other companies, Primerica allows you to invest in a mutual fund for as low as $25 to $50/month. The PFS representative will help you evaluate your market risk and from there, he/she can find suitable mutual funds that matches your investment profile. Other companies usually require a minimum investment of $1000. If you don't have at least $100,000 to invest, they won't even bother calling you or helping you.

I opened my Roth IRA through them and invest $333/month into various Legg Mason funds. I'm getting an average rate of return of 14% in the past 2 years (that's when I opend it).

You must understand while your mom's investment may have gone up, the stock market will always fluctuate. But if she invest for the long term, she has a higher probability of seeing a nice rate of return.

Here are some tips on how you should invest:
1) Diversify your investments (mutual funds can do that for you)
2) Be disciplined. You will experience ups and downs in your investment. You should focus on your goal (such as retirement) and stay on the course.
3) You can lower your risk by dollar cost averaging. This is where you invest the same amount on the same day of every month, no matter what the price per share is. In the long run, you will lower the cost per share you own.

Answer 2

Hey there! How are you? Well I rolled an 401k plan over into the American Funds through Primerica Financial Services10 months ago and currently its has made 11.44% from $11,808.61 to $13,515.01 so the investment is great. Primerica offers no funds within its own company but it does offers over 1,000 funds including 11 of the 15 largest mutual funds. Now a pyramid scheme is illegal and doesnt hold up very long. It has been in business 30 years and is part of the largest company in the world Citigroup. It has regaltors in all 50 states, canada, spain watch over them in all areas that Primerica works in Investments, Loans, Life ins., etc. They actually teach people how money work instead of offering an product and looking for the next person in line. Now with a family friend I'm sure she has your best interest in mind so is it a good company to do business with YES if you want to be debt free and financially free, its a differcult task to achievebut thats why its so great. One day you can be able to retire and do what it is you like to do. Any fees as the first answer pointed out you will get any where either upfront or on the backend the life insurance has went down some but its not the cost that important it if you want it pay out for example you can get it somewhere but is the policy guartteeed for the whole term or just for the first 5 years its very importmant to read all of the policy even from PFS, not very wise to simply listen to the agent if he doesnt let you read it simply dont buy it.

Answer 3

Primerica is owned by CitiGroup. The representative is paid a fee when you buy -- which comes from your money.

Unless you check, you'll not know whether this particular fund has a good record versus other funds with similar objectives or not. It may have high sales fees, but you won't know unless you check.

Back in the old days [over a decade ago and before Primerica was bought up by Sandy Weill and later merged into what is now CitiGroup], Primerica was one of the highest priced fund sellers going.

Primerica also sells insurance and loans. Their products were middle of the pack, price-wise, when I last cared to check in the 1990s.

Answer 4

I feel that Primerca is too sales driven. With the onset of the internet, we don't need to put up with pushy sales people. We can compare the different industries a lot easier. Primerica still has a sales style that assumes the internet is not their competition. Find out what mutual fund Primerica will sell you on, and compare the fees for it and everything on something like Scottrade. I think it would be better, but not sure.

Check my profile for something fun to invest in.

Answer 5

If you would like some suggestions of Mutual Funds that have been around longer than Primerica and have much lower expenses please read my profile and chat with me.

Answer 6

I had asked this same question three times, and did not receive a proper answer

Answer 7

Yeah I agree with what's been said so far

Answer 8

Some more information required