Secondly, nobody calls Dewey, Cheatum and Howe any longer because they do not exist. They are now called Dewey, Screwum and Howe. Michael Cheatum left the firm a couple years ago and was replaced by Deborah Screwum (formerly of the Lovelace firm in Dallas).
Too funny.....
I just spritzed my monitor with a mouthful of coffee when I read that!
RE: salpro22
Don't have time right now but I'll answer your questions when I get back to this thread. _________________ Gary Spicuzza, *SAFE
Copyright 1956.
No rights reserved.
*Self Appointed Financial Expert
How do you mean the clients money isn't invested anywhere? What specifically represents "safe" and "sound?" Are you saying the company doesn't take my money and combine that into their pool to invest?
No, I'm NOT saying that.
What I am saying is that a client's money IS NOT invested directly into Stocks or Mutual Funds that expose the principal to DIRECT market risk by the day traders playing stocks like a flea market swap meet.
See graphic below I found somewhere on the net. The worst thing that would result would be 0% interest credits for that policy year in a FIXEDIndexed Annuity if the market was flat or went down.
And for some mathematical trivia, a 25% LOSS in one year will require a 47% gain the following year to just break even with a SAFE investment that's just limping along at 5% per year.
A "picture" is worth a thousand words.
_________________ Gary Spicuzza, *SAFE
Copyright 1956.
No rights reserved.
*Self Appointed Financial Expert
