Art G
Thinks s/he gets paid by the post
- Joined
- Nov 5, 2007
- Messages
- 1,052
You lost me with the "to death" requirement...
It's not a requirement, [Mod - personal insult deleted] !
Last edited by a moderator:
You lost me with the "to death" requirement...
Excellent. This thread is over when it gets compared to either Hitler, Nazis or Salem Witch trials. Internet rule 6427.82
The end of which year?Dow will be 10000 by the end of a year.
The end of which year?
No, Im in a good mood. It was my attempt to be funny. Obviously I failed miserably. I wont quit my day job as a stock market predictor.
Dow will be 10000 by the end of a year.
They are generally underfunded and do not represent a "full faith and credt" on the state. It's all paid for by the insurance companies that operate in that state based on their sales. If the "big one" hits, these pools will become very strained very quickly. I suspect the feds will bail them out but they are going to be very limited in what is covered. The federal bail out may not happen right away so a lot of checks may not show up before they come in.I predict that state insurance funds are the next victim.
And one more fact, right now I know a ton of people who are thrilled to death that they moved from good quality mutual funds into them. How odd that they're not opposed to paying an extra percent to protect them from their 30% losses.
I am dying (which I guess is the best way to own a VA) to see Art spin how great VA when it turns out the insurance companies didn't probably hedge "the guarantee you can't lose money in VA feature."
It seems me that with absurdly low rates for T-Bills and the 40% market decline, and record volatility. it would be virtually impossible for an insurance company to offer a product that promise to capture "75% of the upside of the market", but will guarantee that you get your money back in 10 years. Brewer started a thread on how to replicate a VA using options, and CDs. Any insurance company that wrote a VA several years ago during times low volatility and high CD rates is hosed trying to duplicate this now.
I predict that state insurance funds are the next victim.
Ask those same people how they feel about it when the market is up
Ask those same people how they feel about it when the market is up
FD, are y'all selling these or something? Just checking.
Didn't you just say a few posts ago that your upside was limited?So, if the market's up, you're going to be up also. Possibly more, just depends on the mutual funds you selected.
How are you feeling currently about your funds?
I realize that you all have the need to fit in with "the cool guys", but just like in high school, they really don't care about you at all. Think for yourselves. Have an open mind.
Not as thrilled, but can you tell me with certainty when the market will recover, so I can buy stocks at the right time?
No matter what happens, the clients will still get back their remaining funds, so worst off, they'll be in the same boat anyone else is with their mutual funds currently.
Didn't you just say a few posts ago that your upside was limited?
If that is not the case, my apologies.
Again, since you ask, I feel great. My income stream continues to increase, I can buy more stock at a lower price for an even larger income stream in the near future, and I don't have to pay anyone 2% or more in fees (is that one time, or on an annual basis)?
I do have an open mind, what I have seen of VAs is definately not for me. They may be good for someone else, but they are a really bad deal for this investor.
Not true, someone earlier in this thread laid out exactly what happened to them. They ended up getting only a fraction of the worth and that was after a legal mess I wouldn't want to deal with.
As the holder of an annuity from the defunct Executive Life Assurance Co. HATRED does not begin to express my attitude. But I will moderate myself and refer you to dozens of posts by 2B.
So Art, are you calling CuppaJoe a liar? Just wondering....