Lear Financial Informative - Do Your Homework Before You Invest With Lear Financial
I saw a TV commercial about investing in gold and gold coins with Lear Financial. I got excited as they made it sound like a good investment for me. I was convinced by their portfolio manager that coins would be the better for me than gold bullion. When I recieved the coins I took them to 5 coin shops in my area. It appeared I paid inflated prices as well as a $325.00 "service fee" per coin. The information was given in a round about way in the contract I signed so I do not think they did anything illegal I just want others to do their homework and not to make the same mistake I made. Other coin dealers offer a buy back guarantee for a period of apx. 15 days where Lear Financial offers no chance to return your coins if you are not satisfied. I believe the only retirement that will benefit from my investment was the owner and salesman from Lear Financial. I paid $975.00 per coin for 1904 Liberty $20.00 gold coins. I can buy the same coin with the same rating for $800.00 and not have to pay a service fee of another $325.00 per coin! I also believe they sold me the coins as the service fee for 1 ounce of gold bullion is $35.00 where the service fee for coins is $325.00 per coin. Know what they are going to sell you and do your homework. If you do not you too will be unhappy!