Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next
Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19553  
Subject: Re: annuities Date: 4/14/1999 9:14 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
peppermintpatty wrote,

there are many people who have no interest or desire to do the research
necessary to purchase stocks (just like I have no interest in changing the oil
in my car - I know how, but I prefer to pay someone else to do that chore);
they prefer to hire someone to manage the money. Sure, they could improve
their yield by doing it themselves, but everyone sets priorities!

I agree with your view on oil changes, but an oil change is less than $20. If someone had a $1 million portfolio and invested it in annuities, the 2% annual expense ratio would be $20,000 per year. That's the price of a big, painful "lube job."

One can easily limit the fees and commissions on a $1 million Foolish Four portfolio to less than $100 per year.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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:
Supernova Explorer 1

The Follies of Market Timing
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.