Lounging By The Beach - Part 4

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jj2

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Did you eat your banana today?
 

JustaGuy

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One of my annuities has a guaranteed rate of 4.5% (taken out several years ago) and has done really well. and the other was a fixed annuity taken out 25 years ago, and it has done well also, I wanted a safe investment because I had children, and I did not want to play around with their college funds. Neither has any insurance involved, just straight annuities.

Technically, an annuity is an insurance product. How else do they guarantee 4.5% annual return? The issuer is insuring your chances of loss. An annuity is only as good as the company guaranteeing it, of course. Recall the AIG debacle, the biggest insurance company in the world. Sigh.

But I don't know that much about annuities. Your DH should know more; it could be one of the product types he sells. :?:
 

Sgt. Pepper

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One of my annuities has a guaranteed rate of 4.5% (taken out several years ago) and has done really well. and the other was a fixed annuity taken out 25 years ago, and it has done well also, I wanted a safe investment because I had children, and I did not want to play around with their college funds. Neither has any insurance involved, just straight annuities.

I'll bite...a little. I divested completely from the market a year ago in the U.S. Singapore was very attractive...all I'll say. I started purchasing gold 30 years ago not as an investment (only a fool would do that), but as leverage against inflation... it has treated me very well and I'm glad a listened to an old wise man who saw what was coming.
 

100%VG

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I'll bite...a little. I divested completely from the market a year ago in the U.S. Singapore was very attractive...all I'll say. I started purchasing gold 30 years ago not as an investment (only a fool would do that), but as leverage against inflation... it has treated me very well and I'm glad a listened to an old wise man who saw what was coming.

Wow... 30 years ago. Silver was hot for a while. IDK anything about it, really, so IDK what's good now.
 

JustaGuy

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I'll bite...a little. I divested completely from the market a year ago in the U.S. Singapore was very attractive...all I'll say. I started purchasing gold 30 years ago not as an investment (only a fool would do that), but as leverage against inflation... it has treated me very well and I'm glad a listened to an old wise man who saw what was coming.

You're not biting your lips anymore! :ohmy: :laugh:
 
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