Quote:
Originally Posted by Bobcuse
Thank you for these facts! This is exactly why I have been reluctant to keep my portfolio invested in the markets. High dividend % may be a result of lower stock prices so getting 5% return while the stock values drop is meaningless. If this market continues to be volatile when most believe it has peaked for the foreseeable future (12-18 mos) then I am reluctant to invest at this time. Annuities are tempting (I am 72) but I just can't get comfortable with that idea. I'm looking for a 5 year CD at a nice 3-4% return. That gets me zero risk and income to meet my needs. What is the best product available today with the low risk provided my CD's?
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You are all missing the point of the OP and my initial response. When you buy an annuity it's like buying a stock that instantly goes to zero, but continues to pay a 5% income until you die. When you by MO and/or and other combination of the stocks I listed you get the 5% plus anything above zero value is a plus as compared to an annuity. Plus when you die the interest goes to your heirs and any residual value above zero. I rest my case that MO is better than an annuity.