I agree with this statement and after losing CONSIDERABLY while waiting on the market to "come back" month after month for almost a year we finally switched 50% of my money to a "Variable" GUARANTEED Annuity that pays 6% for life and 6% is always adjusted once a year so that "if" portfolio balance goes up the 6% "Yield" is adjusted to higher balance Guaranteed
NEVER to drop below HIGHEST Market Value on any given anniversay date on your YIELD even though portfolio balance may drop 6% rates are locked each anniversary year and..... you are still invested in Market either aggressively or consersatively. However your money is locked for 7 years to which if you pull it out 1st year it will cost 7% ....if you pull it out 2nd year 6% .... 3rd year 5% ...4 year 4% ....3 year 3% etc. After 7 years you will not pay any penality for taking out and your 6% can grow as your portfolio grows (adjusted for balance every year) and will never go down in yield even if balance drops. We have ours thru MetLife...#1 Rated Company
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Originally Posted by Irish Rover
I don't think I would pull out of the market right now. Personally, my portfolio has been bouncing back so I'm straying put. If I did make a move it would probably be into bonds.  Good luck. |