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annuities: THE POOR LOGIC THAT HAUNTS INVESTMENTS IN ANNUITIES. - 01/23/12 11:50 PM
One of the most asinine bits of false logic that stock brokers and many investment advisers have told clients for years is that the sales commissions on all life insurance annuities are outrageous.
That’s the primary reason given to convince investors to pick stocks, bonds, mutual funds and the like rather than annuities.
But the problem with that logic is an obvious one.
Most people who purchase life insurance annuities do so to guarantee their capital for the life of the policy, guarantee the rate of return, and guarantee that they will not outlive the corpus and income stream of … (4 comments)
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annuities: Investments vs. Speculations - 01/13/12 09:31 AM
Investors and savers often misunderstand what are properly categorized as speculations rather than legitimate investments.
To be a legitimate investment, the financial vehicle must provide a regular and reasonable cash return to the investor – a reasonable payment for the use of the investor’s money or property.
The investment in many of the vehicles classified as "speculatives" is driven by fear of the future of conventional investments and perceived fear of the county's future.
And the value of those speculatives increase and decrease proportinate to the general populations fear.
There are also investments that are speculations for other reasons. Growth stocks, … (2 comments)
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annuities: SOME FINANCIAL PLANNERS FREQUENTLY FAIL THEIR ELDERLY CLIENTS - 01/09/12 10:37 PM
A couple of years ago I visited with a well-known financial planner who has practiced in the Dallas-Ft. Worth area for a very long time.
He asked if he could give me his sales pitch for a new financial product he was selling to clients.
When he finished, I buried him with logical questions. He was unable to correctly answer most of them.
It led me to take a chance and ask him a bold question.
“How much could you raise today if you sold everything you own but your home?”
"Do I have to answer? he asked.
… (3 comments)
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annuities: DADDY'S 7 RULES FOR SECURING YOUR FINANCIAL FUTURE - PART 5 - 01/02/10 07:53 AM
In the Preface of this 7-part series of blogs, I explained that my daddy was always a salaried employee, yet by following seven rules he went from being recently out of college to a millionaire-plus twenty-five years later. My mom never worked, and they fully-funded the education of their two sons. He passed away in 1980.
I suggested that with the 2010 New Year ready to begin, this would be the perfect time for each of us to initiate Daddy's 7 Rules for Securing Your Financial Future.
Here, stated again, are the rules:
Save at least 10% of your gross income Know … (4 comments)
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annuities: DADDY'S RULES FOR SECURING HIS FAMILY'S FUTURE - 12/28/09 07:05 AM
PART 1 - THE PREFACE AND PRINCIPALS
This coming Friday, we all have the opportunity to correct our financial indiscretions and begin methodically securing our financial futures. Friday is the beginning of the New Year of 2010.
My daddy, William W. Cherry, passed away unexpectedly twenty-nine years ago; in fact on December 19th. He would have been 72-years old the following February 7th.
I'm telling you that because it will put this into prospective: 1) my daddy was always a salaried employee, 2) he became a millionaire, and 3) starting from scratch, he accomplished his financial goal by following these rather uncomplicated rules:
Save at least … (6 comments)
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annuities: SUNDAY IN THE PARK WITH DALLAS REALTOR BILL CHERRY, 15th Edition - 01/27/08 11:30 AM
Dr. Ted Colson spent his entire teaching career at the University of North Texas in Denton. At about 82, he is the last alive of those who taught me, and of course, you knowing me like you do, you know that he and I remain in regular contact.
I come early to the park each Sunday so that I can gather my thoughts in a peaceful countenance before you get here. It's the lesson that Dr. Colson taught me so many years ago. The idea was to pull in karma before class so that my mind was ready to accept what would be in … (3 comments)
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BILL CHERRY
Dallas,
TX
More about me…
BILL CHERRY, Real Estate Broker
Address: Dallas, Tx
Office Phone: (214) 503-8563
Email Me
This is a place where the ins and outs of real estate and home ownership are discussed.
All in the light of my 46 Years as a licensed Texas Real Estate Broker.
I've represented several thousand clients. That experience can be yours, too, and it doesn't cost a dime more.
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