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Investing/Strategies / Retirement Investing
|Subject: Re: Equity Indexed Annuities||Date: 7/29/2005 7:49 PM|
|Author: buzman||Number: 47072 of 76418|
Like I said, it is a rip-off product sold to the unsophisticated by salesmen who make fat commissions
I would disagree not about the salesmen they are slimebags.
Some of the people who buy EIAs are unsophisticated. But most are just greedy and they fall for the line,"All the upside of stock market and none of the risk."
WC Fields said that you can't cheat an honest man.
EIAs are an abomination, but sophisticated, intelligent, albeit greedy people buy them all the time.
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