Primerica's CEO on the Most Foolish Financial Product to Buy
It was no joking matter on Wall Street as stocks closed in the red on April Fool's Day but managed to finish off their lows as investors weighed mixed economic data. Oil prices gained better than 5% as production declined. Crude futures settled at $50.09 a barrel. Primerica (PRI) rang the New York Stock Exchange (ICE) closing bell to mark their IPO's 5th anniversary after spinning off from Citigroup (C). The company also welcomed its incoming CEO Glenn Williams, who has been with the company for 34 years. Williams shared his plans for growth for the company along with what he thinks is the most foolish financial product consumers should avoid. Primerica's key market is the middle class in the U.S. and Williams shared the trends he's seeing on Main Street, U.S.A.
