Investing

Investing is the activity of forecasting the yield over the life of an asset. Using Benjamin Graham’s definition, "an investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."

Ten Questions to Ask When a Financial Advisor Says: "You Know I'm Not a Big Fan of Annuities"

Many financial advisors seem conditioned to wear...

The Ongoing Case Against Active Management

A recent report from JPMorgan Chase adds fuel to the fire of Bogle-heads and others who support the case against active management of mutual funds.

In other words, in contrast to "passively managed" investment vehicles such as index funds and ETFs, funds that employ highly paid fund managers to "actively manage" securities selection and portfolio management are creating no value through that active management.

In fact, actively managed funds appear to be destroying value for investors on a relative basis.

Forums: 
Glossary: 

New Deferred Income Annuity from NY Life

News on a recent deferred income annuity product release from New York Life:

Forums: 

Strategic Partners Select

Annuity Product Types: 
Company Offering: 
Surrender Fees: 
7%
6%
5%
4%
3%
2%
1%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
4%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
3%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
58
Maximum Number of Concurrent Investment Options: 
58
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
8%

Strategic Partners FlexElite

Annuity Product Types: 
Company Offering: 
Surrender Fees: 
7%
7%
7%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
5%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Administrative Fee: 
$50
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
3%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
58
Maximum Number of Concurrent Investment Options: 
58
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
8%

Pages