No. of 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!
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