Originally posted by AtW
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DOOM: Annuity rates
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First Law of Contracting: Only the strong survive -
Originally posted by _V_ View PostYou buy them for the yield generally. If you want to make money on capital appreciation, buy AMD shares.
Don’t forget HL fees
In any case 3% is rather pathetic when capital is a riskComment
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Fidelity MoneyBuilder Income (Class W) Income Fund Price & Information
Distribution yield : 2.93%
Income paid: Monthly
Type of payment: Interest
Return 27/11/18 to 27/11/19 10.08%
Return 27/11/19 to 27/11/20 5.86%First Law of Contracting: Only the strong surviveComment
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Originally posted by AtW View PostAnd how do they guarantee yield?
Don’t forget HL fees
In any case 3% is rather pathetic when capital is a riskFirst Law of Contracting: Only the strong surviveComment
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What does class W mean?
These bonds look like a bigger scam than annuities - at least with those they can just repay you back your own money and then keep some, less chance they’ll scam whole capitalComment
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Originally posted by AtW View PostWhat does class W mean?
These bonds look like a bigger scam than annuities - at least with those they can just repay you back your own money and then keep some, less chance they’ll scam whole capitalFirst Law of Contracting: Only the strong surviveComment
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Originally posted by _V_ View PostSounds like you have it all sorted. AMD to the moon, then sell up and buy an annuity.Comment
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Originally posted by _V_ View PostI cannot see why anyone would convert a large sum of money into an annuity rather than buy property and high yield bonds and shares and live off the rent + dividends + interest?
At least that way when you pop off you can leave the wealth to family / Battersea dogs home.
bonds and shares are all time high and may go pop
bank interest is pitiful 0.5 %
i checked on a website and it seems annuity provides 3.5% return which is not badComment
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Originally posted by Andy2 View Postwhy would a pensioner buy property and deal with the hassle of problem tenants
bonds and shares are all time high and may go pop
bank interest is pitiful 0.5 %
i checked on a website and it seems annuity provides 3.5% return which is not bad
For me, I would be happy to manage property at 55 years old and bond and stock portfolio and let me family inherit the wealth I've accumulated. I reckon I can get nearer 5% return overall and possibly some capital gains too.
You might buy the annuity and die 2 years later and your family get nothing.First Law of Contracting: Only the strong surviveComment
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Originally posted by _V_ View PostIf an annuity works for you, then fine, hand over the hundreds of thousands of £££ and sit back and get 3.5% return until you die.
For me, I would be happy to manage property at 55 years old and bond and stock portfolio and let me family inherit the wealth I've accumulated. I reckon I can get nearer 5% return overall and possibly some capital gains too.
You might buy the annuity and die 2 years later and your family get nothing.I am what I drink, and I'm a bitter manComment
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