Perry at the top of GOP polls. Why?

#52
#52
droski said:
he a nutty old guy. i can't imagine a worse president. guy has used every public opportunity to talk about gold (including questions to bernake during the congressional hearing) and how it's the only real asset blah blah blah instead of focusing on actual important issues. sane people don't irrationally focus on one thing.
Click to expand...

Where do you get that he focuses on one thing? Most republicans don't disagree with him on gold nearly as much as they disagree with him on foreign policy. I'll admit, he's a broken record, but it's not on one issue:

The Fed
Gold
Freedom
Constitution
Non-interventionism
Spending
etc.
 
#53
#53
I'll just say a member of this board didn't understand the difference between a fixed and variable annuity a couple years back and throws his weight around here heavily.

Carry on.
Posted via VolNation Mobile
 
#54
#54
Vols520 said:
I'll just say a member of this board didn't understand the difference between a fixed and variable annuity a couple years back and throws his weight around here heavily.

Carry on.
Posted via VolNation Mobile
Click to expand...

you keep saying that and you have yet to have provided a single piece of evidence to support it. you are just butt hurt i told you you were getting ripped off and it was a crappy investment.
 
#55
#55
droski said:
you keep saying that and you have yet to have provided a single piece of evidence to support it. you are just butt hurt i told you you were getting ripped off and it was a crappy investment.
Click to expand...

I don't care to look. I'm also 28. Of course I don't own one.

Far too young.
Posted via VolNation Mobile
 
#60
#60
#61
#61
you seem to be all too aware as to what the terms were. so either you were buying one for your parents or you are a financial advisor too stupid to realize he is ripping off his clients. which is it?
 
#62
#62
droski said:
you seem to be all too aware as to what the terms were. so either you were buying one for your parents or you are a financial advisor too stupid to realize he is ripping off his clients. which is it?
Click to expand...

I'm actually neither. Your arguments show you think they are expensive, and why would u purchase a product in a tax deferred product in a qualified account?

Good questions, but clearly shows you don't understand how annuities work.

You also stated how can u have guaranteed return and upside potential. Implying you don't know what u are thing about in this case.

I have seen enough Monte Carlo scenarios to understand the sequence of returns.

Recent polls also shows clients are actually more comfortable buying commission base products verses ria based business.

I think u understand the accumulation of wealth, but you dont have a clue on the distribution of it.
Posted via VolNation Mobile
 
#63
#63
droski said:
you seem to be all too aware as to what the terms were. so either you were buying one for your parents or you are a financial advisor too stupid to realize he is ripping off his clients. which is it?
Click to expand...

:popcorn:
 
#65
#65
Serious question would anybody on this board pay 2.6% for a product that allowed u to compound at 6% guaranteed in your death benefit, have upside market potential to lock in market gains above the 6% and take up to 6% distributions or rmd withdrawals without reducing death benefit?

So if u invest 1 million and want to take 6% right away. You can take your 60k and ensure your spouse or kids will be guaranteed to to have 1 mill (or more)when u die.
Posted via VolNation Mobile
 
#66
#66
Vols520 said:
I'm actually neither. Your arguments show you think they are expensive, and why would u purchase a product in a tax deferred product in a qualified account?

Good questions, but clearly shows you don't understand how annuities work.

You also stated how can u have guaranteed return and upside potential. Implying you don't know what u are thing about in this case.

I have seen enough Monte Carlo scenarios to understand the sequence of returns.

Recent polls also shows clients are actually more comfortable buying commission base products verses ria based business.

I think u understand the accumulation of wealth, but you dont have a clue on the distribution of it.
Posted via VolNation Mobile
Click to expand...

how does this clearly show i don't know how annuities work? are you not aware the accumulation period is tax deferred? why would you put a tax deferred vehicle in an account that is already tax deferred. there's a reason why many firms don't even allow thier FAs to buy these things in IRAs and other retirement accounts.

you can have guaranteed returns, but you quoted a product that not only had guaranteed returns with variable annuities, but yours paid a FIXED dividend and a FULL death benefit. generally not attributes of variable annuities.

monte carlo scenarios are horse**** marking ploys,.

no idea what your last sentence means.
 
#67
#67
Vols520 said:
Serious question would anybody on this board pay 2.6% for a product that allowed u to compound at 6% guaranteed in your death benefit, have upside market potential to lock in market gains above the 6% and take up to 6% distributions or rmd withdrawals without reducing death benefit?

So if u invest 1 million and want to take 6% right away. You can take your 60k and ensure your spouse or kids will be guaranteed to to have 1 mill (or more)when u die.
Posted via VolNation Mobile
Click to expand...

2.6% upfront to the broker plus 1% a year on top of that. and once again you seem to know an awful lot about this for someone who doesn't own it. 6% is pretty sucky. you'd be far better off investing the money yourself and not paying the comissions.
 
#68
#68
Name one major firm that doesn't allow a variable annuity to be in an Ira. You dont buy them for deferall. You get them for guarantees. It's not 2.6 up front. Comp isn't paid from clients accounts.

So you are like 0-3.

When u start taking income, sequence of returns matters.

droski said:
how does this clearly show i don't know how annuities work? are you not aware the accumulation period is tax deferred? why would you put a tax deferred vehicle in an account that is already tax deferred. there's a reason why many firms don't even allow thier FAs to buy these things in IRAs and other retirement accounts.

you can have guaranteed returns, but you quoted a product that not only had guaranteed returns with variable annuities, but yours paid a FIXED dividend and a FULL death benefit. generally not attributes of variable annuities.

monte carlo scenarios are horse**** marking ploys,.

no idea what your last sentence means.
Click to expand...
Posted via VolNation Mobile
 
#69
#69
droski said:
2.6% upfront to the broker plus 1% a year on top of that. and once again you seem to know an awful lot about this for someone who doesn't own it. 6% is pretty sucky. you'd be far better off investing the money yourself and not paying the comissions.
Click to expand...

The average institution investor over the past 30 years has returned like 9 percent or so. The individual investor is at like 3. So 6 isn't too bad worst case.
Posted via VolNation Mobile
 
#70
#70
And I think you know how to accumulate wealth, but don't seem to have a clue on what to do when people need to start accessing income.
Posted via VolNation Mobile
 
#71
#71
Vols520 said:
Name one major firm that doesn't allow a variable annuity to be in an Ira. You dont buy them for deferall. You get them for guarantees. It's not 2.6 up front. Comp isn't paid from clients accounts.

So you are like 0-3.

When u start taking income, sequence of returns matters.


Posted via VolNation Mobile
Click to expand...

every major firm (morgan stanley, merrill) require approval by management to put one in an account.

are you seriously arguing there are no upfront sales charges for annuities?

and just because the account doesn't show a loss that doesn't mean you didn't pay the sales load.
 
#72
#72
droski said:
every major firm (morgan stanley, merrill) require approval by management to put one in an account.

are you seriously arguing there are no upfront sales charges for annuities?

and just because the account doesn't show a loss that doesn't mean you didn't pay the sales load.
Click to expand...


Those firms sell millions and millions a year.

Some have front end loads. Some don't.

There are good ones and bad ones. Lower cost options etc.
Posted via VolNation Mobile
 
#73
#73
Vols520 said:
The average institution investor over the past 30 years has returned like 9 percent or so. The individual investor is at like 3. So 6 isn't too bad worst case.
Posted via VolNation Mobile
Click to expand...

i've never seen a study that individuals underperform by 6%. certainly not those that ride out the highs and lows.
 
#74
#74
Vols520 said:
Those firms sell millions and millions a year.

Some have front end loads. Some don't.

There are good ones and bad ones. Lower cost options etc.
Posted via VolNation Mobile
Click to expand...

90% go into private accounts, not retirement accounts. (edit i realized i said require approval to put one in an account, i meant retirement account)

those that don't have front end loads have yearly sales charges or back end loads. generally you are better off paying the front end ones.

yes you are better off at fidelity than merrill, but either way the average person is far better off not doing it.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top