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| Subject: What do you think of this plan? | Date: 8/25/2009 2:26 PM | |
| Author: mheusser | Number: 227 of 290 | |
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Folks: I am risk-averse and I don't trust paper (eg stocks). I believe the market forces such as day-traders, brokerage houses, even senior management of some companies have a conflict of interest with Joe long-term retirement investor(*). Yet I recognize that the stock market has had a decent historical return. I just re-jiggered by retirement plans to put a large % of my tax-advantaged money in an annuity that is insured, acts like a CD, and is guaranteed to return 3% annually; it is currently returning 4.2. Here's my strategy: Of current Savings, % in: Taxed-Advantaged Annuities: 57% Precious Metals Funds: 5% Savings: 10% Tax-Advantages ("401K") Mutual Funds: 21% Morally-Responsible Mutual Funds: 6% The percentage of current income I plan to add to these funds: Taxed-Advantaged Annuities: 3% Precious Metals Funds: 4.4% Savings: 1% Tax-Advantages ("401K") Mutual Funds: 7% income+3% match Morally-Responsible Mutual Funds: 0% Plus I am paying off my house faster by doubling my equity payment. We have no debt besides the house. What do you think of this plan? And is there a different forum I should be posting these things in? regards, --heusser (*) -Don't believe me? I had money in the Strong funds before and during the Canary Partners scandal. Those people /stole/ from me. |
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