David1961
Thinks s/he gets paid by the post
- Joined
- Jul 26, 2007
- Messages
- 1,085
Occasionally, I hear on an infomercial about a wealth management group saying you can invest in their product and be guaranteed of at least a 6% return each year no matter how the market does. The pitch goes like this. "Invest with us and if the market tanks, you will still earn a 6% guaranteed rate each year. If the market does well, you will get higher than the 6% for that year". Then they talk about if someone retied at the top of the market, this product would have saved their butt.
My main questions would be "guaranteed by who"? and show me the fees. But still, how can folks promise this? They have got to be making money on this or they would not offer it.
Are there any links that offer an explanation of these services?
My main questions would be "guaranteed by who"? and show me the fees. But still, how can folks promise this? They have got to be making money on this or they would not offer it.
Are there any links that offer an explanation of these services?