Myself: I invest in a diversfied manner..
Ie; mostly funds, sone annuities (always high yeild), some stocks.
Mother:
My mom is almost totally cd's or annuities.
While I agree a portion should be annuity or bonds, I think doing 100% is stupid...
Any opinions.
My goal in this question is that I want to get her off my back in terms of 'why invest the way I am doing?'
To me the socalled safe way is not cost effective in that I consistantly get 3-6 times in % rate over what she gets.
It appears that all of this isnt enough, and I figure no amt of discussion is go change it.
I relize fdic is not involved on annuities or cd's in all cases.
Ie; just because its a bank doesnt mean the investment is covered by FDIC. (FDIC covers deposits not invesments).
Mother is 89 so I have no problem with her methods, but she has been doing annuity or cd' for 45 years.
Any ideas? - figured I would throw this question out there.
2006-11-27
10:03:14
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5 answers
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asked by
pcreamer2000
5