[quote=Primo]

  Might want to pick up a newspaper occasionally.  I will give you a source.  S&P[/quote]  

[quote=doberman][quote=Lakers]

  Not sure where subprime securities were ever rated AAA-Might have to cough up your source on that one.   Truth is, no one who's held a  fixed annuity to maturity has ever lost a dime. Seems like annuities are like politics- you either lovem or hatem.[/quote]   As to the first statement: With all due respect, anyone who makes a statement like this should have their license revoked. You are a danger to your clients' financial well-being.   As to the second statement: In the late '80's, my father lost the entire value of his whole life policy when a well-regarded national insurance company went under. The name of the company escapes me, but the scandal was nationwide. So, don't preach the sanctity of insurance companies to me. The logic you employ concerning annuities (never failed, thus can't fail) only reinforces my opinion that you are a danger to your clients. No doubt you employ the same logic toward securities and bonds.    You are in for one big disappointment my friend. Your clients will be wiped-out, your license will be revoked, and you'll be tied-up in arbitration for years. [/quote]     Well said.    I'm assuming you are licensed, and the investing public deserve better than that.  Lakers   Funny when your own comment applies to you.

[quote=doberman][quote=Lakers]

  Not sure where subprime securities were ever rated AAA-Might have to cough up your source on that one.   Truth is, no one who's held a  fixed annuity to maturity has ever lost a dime. Seems like annuities are like politics- you either lovem or hatem.[/quote]   As to the first statement: With all due respect, anyone who makes a statement like this should have their license revoked. You are a danger to your clients' financial well-being.   As to the second statement: In the late '80's, my father lost the entire value of his whole life policy when a well-regarded national insurance company went under. The name of the company escapes me, but the scandal was nationwide. So, don't preach the sanctity of insurance companies to me. The logic you employ concerning annuities (never failed, thus can't fail) only reinforces my opinion that you are a danger to your clients. No doubt you employ the same logic toward securities and bonds.    You are in for one big disappointment my friend. Your clients will be wiped-out, your license will be revoked, and you'll be tied-up in arbitration for years. [/quote]

I'm glad your dad's policy went tits up, though I think you're lying about it. Try using Google and see if you can "capture" you the name of the company.

[quote=Frank Marino]

I'm glad your dad's policy went tits up, though I think you're lying about it. Try using Google and see if you can "capture" you the name of the company.
[/quote]   Correction: It wasn't a whole life policy that went belly-up, it was a Guaranteed Investment Contract (GIC) issued by the insurance company. And the name of the insurance company was Executive Life, once the largest insurance company in California. They held billions in junk bonds in their portfolio. How 'bout you google that, dumb *ss?    Guess what's in the portfolios of many of the big name insurance companies, nowadays? (Hint: These investments were once rated AAA.)   Some people have no tolerance for the truth.

Not sure where subprime securities were ever rated AAA-Might have to cough up your source on that one.

    More from this brain surgeon?