UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76406  
Subject: Re: AXA Equitable Asset Mgt Investment Date: 6/6/2005 9:07 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Your broker is not telling you the whole story, and is not acting in your best interests.

For instance, he failed to tell you about the following fees:

- You do not get any of the dividends from the market. AXA gets them. So that's a 2%-3% fee each year.
- Your monthly gain is capped but your losses are not. The amount of the gain varies from annuity to annuity. Say your cap is 3%/month. So if the market goes up 30% one month, up 30% the next month, and then down 6% the next month, you're right where you started -- AXA keeps the other 54%.
- If there is major inflation, that 6% guarantee suddenly becomes worthless. If your cap is 3%/month, you can only earn 36%/year tops -- whereas the market should be tracking inflation.

Stay away! Find a different broker!
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
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:
Macro Economics

The Story Behind the Story
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.