UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: arrete Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 817012  
Subject: Re: Immediate Annuity vs reg port? Date: 2/1/2000 1:58 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I had occasion to consider the annuity question a few years back when my grandmother died and left my brothers and me a nice portfolio (divided 3 ways). My step-grandfather, who was quite savvy and had quadrupeled her investments, thought that my younger brother should have his converted to an annuity because he was financially niave and had no reirement funds.

I decided that he could learn about stocks, and he has! He has done a lot of studying on financial matters. He has added some new stocks (technology) and sold a couple of losers, but most importantly, now feels that he has learned enough so he can indulge himself by investing very modest amounts in his passion - railroads. Everyone should have a stock that they are passionate about - it makes investing that much more fun - and sometime scary. Just make sure you are using "fun money" when you do it - not the mortgage money.

Oh, yes. You still have to sell the losers.:(

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Saul's Investing Discussions

Gilead Sciences CC Thoughts
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.