. . . after reading many posts of yours confirming how difficult--well-nigh impossible--it is to predict future stock prices, and how spectacularly wrong much investment advice turns out to be, I do have to wonder why you sometimes seem to look down on index investing or other 'safe' investing tools like annuities. Based on some very quick internet research, from 2000 through 2024, the S&P 500 has gone up an average of 7.85% per year, while inflation has averaged around 2.6% per year. So why not just go with an index fund instead of hoping that you or your chosen investment advisor actually is better than the proverbial dart board? Or perhaps even safer, if you don't need access to funds for a substantial time period (say a roll-over when changing jobs well before retirement), why not put those dollars in an annuity that guarantees 5-6% returns compounded annually so long as you don't withdraw them until well down the road?
Apologies if you covered this elsewhere, and I missed it.
No worries. As I have written many times, indexing should be one’s default. I support it. And, as I have also written many times, income annuities are the most under-utilized financial product in the arsenal. I don’t object to fixed-rate annuities, though I generally prefer liquid fixed income products.
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Another winning entry! But . . .
. . . after reading many posts of yours confirming how difficult--well-nigh impossible--it is to predict future stock prices, and how spectacularly wrong much investment advice turns out to be, I do have to wonder why you sometimes seem to look down on index investing or other 'safe' investing tools like annuities. Based on some very quick internet research, from 2000 through 2024, the S&P 500 has gone up an average of 7.85% per year, while inflation has averaged around 2.6% per year. So why not just go with an index fund instead of hoping that you or your chosen investment advisor actually is better than the proverbial dart board? Or perhaps even safer, if you don't need access to funds for a substantial time period (say a roll-over when changing jobs well before retirement), why not put those dollars in an annuity that guarantees 5-6% returns compounded annually so long as you don't withdraw them until well down the road?
Apologies if you covered this elsewhere, and I missed it.
No worries. As I have written many times, indexing should be one’s default. I support it. And, as I have also written many times, income annuities are the most under-utilized financial product in the arsenal. I don’t object to fixed-rate annuities, though I generally prefer liquid fixed income products.