Quote:
Originally Posted by champion6
You have my attention!!!
Can you be more specific? Who offers this investment? What is the name of the fund or funds?
I don't understand your statement about a guarantee, but I will investigate that when you explain what you bought.
Thanks.
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There are no index funds that make that claim. There are index annuities such as alliance that do give you 10% up front with guarantee of 0 loss and work off the indexes monthly or annualy and reset each month or year howerer you set it up. I preferr monthly. Example if the market goes up 2% in june you make 2 % if it drops 3% in july you lose nothing. That is if you are on a month to month annuity. I have 2 m2m and 1 annual. They work well but your money is tied up for 17 years. You can withdraw up to 10% yearly without penality. I just reinvest the dividends for now. I have made over 35K in the past 2 years on just those with no risk. Speak to a professional about them before you invest so that you get the entire picture. Now to answer the question if I was investing 250k I would open 3 50k annuities and 100k in High Dividend stocks such as ATT etc. Do not take this as finincial advise but this is only my opinion on what I would do withe the 250k question. Do your reasearch! You have to live with your decisions. GOOD LUCK!