annuities - GoFuckYourself.com

quiet · 08-12-2002, 01:40 AM

has anyone bought them in serious volume? just one more option i'm considering, as they seem to be very secure (as 'retirement' income). just looking for more information (i've found jack shit on the web, and my current bank doesn't push them). thanks...

[Labret] · 08-12-2002, 01:51 AM

Like you need annuities? You could retire of your damn interest on a standard checking account.

When will it stop quiet? How much is "enough"?

quiet · 08-12-2002, 02:37 AM

Quote:

Originally posted by [Labret]
Like you need annuities? You could retire of your damn interest on a standard checking account.

When will it stop quiet? How much is "enough"? :)

yeah you're right :) but if the money is just sitting around it might as well make even more. and still be hassle free and NOT something i have to worry about - that is paramount. i'm looking for reasonable returns with *very* low risk, and *very* little 'work'. arrgh. but basically, 10 months more is 'enough'...

RedShoe · 08-12-2002, 03:01 AM

http://fabian.com/ He knows all about investing for retirement. He has opened my eyes. Let him open yours.

Speaking of the future, where do you guys see yourselves in 5 years?

If I'm going to make it, I need to organize my own personal sites better. (The TripleXCash sites are fuckin' rock solid, and organized to a T... I definitely need to follow that example) In fact it wasn't until I started there, that I realized how disorganized my setup was. It works for me, but it could be a lot better.

So far I'm on track with the goals I've set for myself. However, I'm sure I could always do better.

Where will you be in 5 years? (I assume [Labret] will be in jail for killing an introuder) Sorry bro, just keeping the legend alive. LOL

hahmike · 08-12-2002, 03:10 AM

makes sense. milk that shit for all it's worth.

quiet · 08-12-2002, 03:31 AM

Quote:

Originally posted by RedShoe
http://fabian.com/ He knows all about investing for retirement. He has opened my eyes. Let him open yours.

as soon as i read 'mutual funds' i cringed. i own about 100K in mf's and they have done nothing but lose money. big surprise.

almost all of my net retained is currently sitting in a high interest savings account (2.75% rate). i'm looking to move it to something with a higher return, but a similar level of security and simplicity.

pipp · 08-12-2002, 04:09 AM

Quote:

Originally posted by quiet
almost all of my net retained is currently sitting in a high interest savings account (2.75% rate). i'm looking to move it to something with a higher return, but a similar level of security and simplicity.

2.75% rate damn !!! You could get 6,7% rate in norway and that's low deposits <10k (usd) with anything over 150k USD you should get around 7.5% p.a in a descent bank over here.

sweandy · 08-12-2002, 04:12 AM

Yep seems like low rates i have almost more on my checking account ;)

You can get atleast 4-5% here without any special amount of money.

quiet · 08-12-2002, 04:19 AM

where exactly? i am in Canada, and the highest interest savings account that i am aware of (with complete control over my money) is 2.75%. i am talking about a 7 figure principle.

PersianKitty · 08-12-2002, 04:23 AM

A year ago here you could get 7% too on market rate accounts..now it's 2%.

Annuities are long term investments. Most of them , even those tied to the market seem to do well in the long run. If you're looking short turn, it's not the way to go.

I tend to spread out quite a bit, but have been fairly happy with a variable annuity I set up with ING http://www.ing-usa.com/, about 4 years ago. If you want something stable and safe, stick with hard assets and real estate based fund..if you want better return over time..the market has always come back..and over time the overall market-tied fund usually does pretty well. You have to look at performance over time and your length of expectations.

pipp · 08-12-2002, 04:26 AM

Quote:

Originally posted by quiet
where exactly? i am in Canada, and the highest interest savings account that i am aware of (with complete control over my money) is 2.75%. i am talking about a 7 figure amount.

I'm gething 6.75% on my money in the bank here. And I have no obligations, and the intrest is added after every month. Not once every year as most banks. This is in norway, you should move here

but you have to pay 28% capital tax if your gonna bring money off that amouth in tho the country

But with a 7 figure number you should be gething 7.5% without any obligations or anything. And it's as safe as it get's it's the bank lol

quiet · 08-12-2002, 04:36 AM

Quote:

Originally posted by PersianKitty
A year ago here you could get 7% too on market rate accounts..now it's 2%.

Annuities are long term investments. Most of them , even those tied to the market seem to do well in the long run. If you're looking short turn, it's not the way to go.

I tend to spread out quite a bit, but have been fairly happy with a variable annuity I set up with ING http://www.ing-usa.com/, about 4 years ago.

ideally, this is what i want: i'd like to hand over X million dollars - then get 7-8+% guaranteed annual return (or higher if possible - of course). If i could secure such a return, i would lock it in for a very long time. i am not interested in making large amounts of money on the capital ie: i am not interested in risk.

what i am interested in, is a good rate of return, with very low risk (or 'no' risk) for X million dollars. also, very little work/stress. I will be keeping a sizable amount of money liquid, and so will not have any need to access the majority of my cash, if i could lock in such percentages.

Pornwolf · 08-12-2002, 04:39 AM

Quote:

Originally posted by pipp

2.75% rate damn !!! You could get 6,7% rate in norway and that's low deposits <10k (usd) with anything over 150k USD you should get around 7.5% p.a in a descent bank over here.

I was just about to say the same thing. Do some checking on foreign banks interest rates. You will always find way more appealing rates, especially in those countries that seem to attract money launderers and tax dodgers.

deluxe · 08-12-2002, 05:03 AM

I'm getting 4.3% on my very standard dutch bankacount...

2.75 is really low

AWW - Kevin · 08-12-2002, 05:25 AM

Quote:

Originally posted by quiet
where exactly? i am in Canada, and the highest interest savings account that i am aware of (with complete control over my money) is 2.75%. i am talking about a 7 figure principle.

shit ...with that much money do what we do
buy comercial properties !
^9% return and 10%+ capital gain on average

20% a year is nice

B40 · 08-12-2002, 08:50 AM

Annuities are good but they don't have high rates of returns however the risk is low.

I'd invest in some solid IT's or real estate.

08-12-2002, 01:40 AM	#1
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	annuities has anyone bought them in serious volume? just one more option i'm considering, as they seem to be very secure (as 'retirement' income). just looking for more information (i've found jack shit on the web, and my current bank doesn't push them). thanks...

08-12-2002, 03:01 AM	#4
RedShoe 赤い靴 call me 202-456-1111 Industry Role: Join Date: Feb 2001 Location: The Valley Posts: 14,831	http://fabian.com/ He knows all about investing for retirement. He has opened my eyes. Let him open yours. Speaking of the future, where do you guys see yourselves in 5 years? If I'm going to make it, I need to organize my own personal sites better. (The TripleXCash sites are fuckin' rock solid, and organized to a T... I definitely need to follow that example) In fact it wasn't until I started there, that I realized how disorganized my setup was. It works for me, but it could be a lot better. So far I'm on track with the goals I've set for myself. However, I'm sure I could always do better. Where will you be in 5 years? (I assume [Labret] will be in jail for killing an introuder) Sorry bro, just keeping the legend alive. LOL __________________ SPECIALTY COSTUMES • PROPS • FX Superheroes • Monsters • Robots PM for details For any manufacturing needs. Adult or otherwise. aka BonsHigh on Insta Bonsai weed plants

08-12-2002, 04:19 AM	#9
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	where exactly? i am in Canada, and the highest interest savings account that i am aware of (with complete control over my money) is 2.75%. i am talking about a 7 figure principle. Last edited by quiet; 08-12-2002 at 04:23 AM..

08-12-2002, 04:23 AM	#10
PersianKitty Meow Media Inc. Industry Role: Join Date: Jul 2001 Location: In the valley of the sun, cactus, tacos, tequila, and nod Posts: 7,785	A year ago here you could get 7% too on market rate accounts..now it's 2%. Annuities are long term investments. Most of them , even those tied to the market seem to do well in the long run. If you're looking short turn, it's not the way to go. I tend to spread out quite a bit, but have been fairly happy with a variable annuity I set up with ING http://www.ing-usa.com/, about 4 years ago. If you want something stable and safe, stick with hard assets and real estate based fund..if you want better return over time..the market has always come back..and over time the overall market-tied fund usually does pretty well. You have to look at performance over time and your length of expectations. Last edited by PersianKitty; 08-12-2002 at 04:27 AM..

08-12-2002, 05:03 AM	#14
deluxe Confirmed User Join Date: Feb 2001 Location: The Netherlands Posts: 1,434	I'm getting 4.3% on my very standard dutch bankacount... 2.75 is really low __________________ NO LOGO

08-12-2002, 01:51 AM	#2
[Labret] Registered User Industry Role: Join Date: May 2001 Location: Са́нкт-Петербу́рг Posts: 10,945	Like you need annuities? You could retire of your damn interest on a standard checking account. When will it stop quiet? How much is "enough"?

08-12-2002, 03:10 AM	#5
hahmike So Fucking Banned Join Date: May 2002 Posts: 2,488	makes sense. milk that shit for all it's worth.

08-12-2002, 04:12 AM	#8
sweandy Confirmed User Join Date: Jan 2002 Location: Europe Posts: 422	Yep seems like low rates i have almost more on my checking account ;) You can get atleast 4-5% here without any special amount of money.

08-12-2002, 08:50 AM	#16
B40 Confirmed User Join Date: Jul 2001 Posts: 7,020	Annuities are good but they don't have high rates of returns however the risk is low. I'd invest in some solid IT's or real estate. __________________