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Old 09-28-2013, 02:48 PM   #57
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How about actual returns rather than average returns. Here is a example: $100,000 gains 50% to $150,000 after one year then a 50% loss the next year leaves us with $75,000. The broker says the average return is zero +50% then -50%. The actual return is -25%. You need to know how the average works because it is the big lie from the brokers and financial folks. You need to calculate actual numbers not averages. If I was young I'd do Index Universal life where I can go up but never down and create tax free income later by borrowing back my cash from the policy. It beats the market all the time because I don't have to go back uphill after a loss. The IRS allows it if set up in the proper manner. JOHN 2013 Aspire (DEQ).
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Old 09-28-2013, 03:39 PM   #58
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Quote:
Originally Posted by Flora View Post
How about actual returns rather than average returns. Here is a example: $100,000 gains 50% to $150,000 after one year then a 50% loss the next year leaves us with $75,000. The broker says the average return is zero +50% then -50%. The actual return is -25%. You need to know how the average works because it is the big lie from the brokers and financial folks. You need to calculate actual numbers not averages. If I was young I'd do Index Universal life where I can go up but never down and create tax free income later by borrowing back my cash from the policy. It beats the market all the time because I don't have to go back uphill after a loss. The IRS allows it if set up in the proper manner. JOHN 2013 Aspire (DEQ).
If you're dealing with a broker who averages annual returns you should fire him. Try this: $100,000 in 5 years becomes 185,000. THAT is an average annual return of 13% I think I know how averages work - but you're right. Brokers will try to work you over which is why I don't use them.

Oh well - this is all getting silly. None of us got where we are by stupid things - at least not a lot of them. There are many roads that you can take to get you to where you want to go.

I was just trying to talk about my journey - not suggesting that anyone else's is wrong. And I also acknowledged a few wrong turns here and there.
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