It is always said that one should take care of later and invest one’s money wisely. However, this is often easier said than done. Apart from the fact that some people often have nothing left to save at the end of the month, the others who can often don’t have the time to take care of it. Savings books and money market accounts have not been generating anything worth mentioning for a long time, or the income is eaten up by the fees. Stock and securities trading or cryptocurrencies and NFTs are for many bohemian villages. And if you don’t have a financial advisor in your family or circle of friends who can explain where you can best invest your money and, above all, where you can invest your money with minimal risk, the only option is often to go to your trusted bank. However, the following thread from shows that this is by no means a sure thing and that unfortunately there are also a lot of black sheep working there who only want to sell their financial products @TRDSRLZ. But it’s best to read for yourself.
Customer (over 70): “Could you please tell me how much money is currently in the savings account?”
And puts a stack of papers on the bank counter.
I check the papers and say, “Excuse me, this is not a savings account, this is a participation in one— Tardis (@TRDSRLZ) March 25, 2022
Shopping malls in the United States. And if the writing is current, construction has stopped. Where did you get the information that it is a savings account? I’m afraid this is a closed fund that will no longer pay out.”
customer is sobbing.
— Tardis (@TRDSRLZ) March 25, 2022
K: “Your colleague x offered it to me three years ago!”
Me: “Please leave me the documents, I’ll clarify that.”
Call the bank’s department.
Me: “You customer y was just there. Presented me with a letter from KanAm stating that the mall, their
— Tardis (@TRDSRLZ) March 25, 2022
Investment you sold to her went bankrupt before it opened. Just over EUR 60,000. She thought it was a savings account. Is that how you sold her? And if so, why?’
Colleague: “Now shift down a gear, the customer is sick and the loss doesn’t hurt her!”
— Tardis (@TRDSRLZ) March 25, 2022
This is what happened around 2008.
That’s why I don’t work for banks anymore. Never again!
— Tardis (@TRDSRLZ) March 25, 2022
That’s what other users say
Unfortunately, this does not appear to be an isolated case and does not exactly reflect well on the industry. The author himself worked there for many years and therefore turned his back on it. We have collected for you what the readers of this thread had to say about it.
My parents had to take out a mortgage 40 years ago because my father became seriously ill. 10,000DM. Deutsche Bank recommended a flexible interest rate at the time because interest rates were low.
Shortly before her death in 2018, the mortgage was finally paid off.
6 times the sum…— 💙💛 pinf2000 💉 x 3 💙💛 (@pinf2000) March 26, 2022
Don’t trust a banker further than you can throw them
— Tardis (@TRDSRLZ) March 25, 2022
Yes. I’ve been out of this shit for over 10 years now and it still haunts me to this day. Others live with it and sleep soundly and think they are doing a great job…
— Tardis (@TRDSRLZ) March 26, 2022
But BaFin is not interested in that! At most, they check emissions prospectuses for formal errors. Otherwise they don’t do anything. Especially not with wrong advice
— Tardis (@TRDSRLZ) March 25, 2022
The woman used to work for a fund house with exclusively closed-end funds.
You wouldn’t believe how many nursing home residents the local savings bank sold the stuff to. That was really bitter at the time in 2011 because of the aftermath of the financial crisis.— The P has ideas. 🌻 (@JPProeger) March 26, 2022
A bank robbery is a dilettante venture.
True professionals start a bank.Bertolt Brecht
— Sachsenmaus is boosted twice (@OrthoDel) March 26, 2022
I know. And I’m sorry for you.
It’s an inhuman system.
— Tardis (@TRDSRLZ) March 26, 2022
I’ve never been to a bank advisor in my life.
I don’t think I’ll ever go there either.– Koma_ (KogRob) ☝ (@komaKogrob) March 25, 2022
Thank you very much for your attention! Have a look here again:
Thread: A slightly escalated bank call
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