Over the past decade or so, the fallacy that home equity should be “harvested” by means of mortgage refinancing or home equity loans and converted into equity in some other investment has been foisted upon Americans as a legitimate financial strategy.
The most common presentation of these schemes suggests that home equity should be redirected into what some advisors call ”investment grade life insurance.” Other schemes [...]

Filed under: Ethics and Morals, Money, Personal Economy, Your "Bank", annuities, average, behemoth, financial, financial strategy, gold mutual funds, home equity loans, home foreclosures, inflation, investing, investments, life insurance, Money, mortgage, mortgage refinancing, mortgages, rate of return, risk, s, speculation, wealth | 2 Comments

Mystery…No. 5 Volume Is More Important Than Rate
Every major product in the financial services business - every type of mutual fund, annuity, variable insurance product, bank CD, treasury bill, note and bond - proudly trumpets its rates. If 2% is good then 5% is better. If 6% compounded is wonderful then 8% compounded is [...]

Filed under: Money, Personal Economy, Retirement, annuities, annuity, debt, economy, financial, financial services business, investing, investments, managing your money, Money, rate of return, s, tax deductibility, Taxes, wealth | 2 Comments