I had a choice when I retired between taking a monthly payout or a lump sum, most of my coworkers took the lump sum, I took the monthly payout. I had already saved a substantial pile of cash and had no desire to try and figure out how to convert an even bigger pile of cash to a monthly payment. Maybe I was right or maybe I was wrong, but the one thing I don't have to do is ever worry about the stock market again.If there is any doubt that Congress puts lobbyists and the insurance industry's interests before those of the people, read this by VFL David Moon:
http://www.mooncap.com/wp-content/uploads/2020/02/A-Look-at-Variable-Annuities.pdf
I had a choice when I retired between taking a monthly payout or a lump sum, most of my coworkers took the lump sum, I took the monthly payout. I had already saved a substantial pile of cash and had no desire to try and figure out how to convert an even bigger pile of cash to a monthly payment. Maybe I was right or maybe I was wrong, but the one thing I don't have to do is ever worry about the stock market again.
Didn't Madoff do something similar? Feel free to invest in this juggernaut if you want though, my guess is this guy will appear in "American Greed" in the near future.This Hedge Fund Manager beat Buffett by 200x...
I had never heard of the Medallion Fund (makes sense, given its exclusivity). The annual returns of 39% over 30 years are mind blowing.
This investment has beaten Warren Buffett by 200X over the past 30 years — but good luck grabbing a piece of it
Lol... figured this would get a response from you, being one of the more vocal blind Buffet followers.Didn't Madoff do something similar? Feel free to invest in this juggernaut if you want though, my guess is this guy will appear in "American Greed" in the near future.
Hey, if you can get in and make that kind of money more power to you! I just have a lifetime of skepticism and seeing fraud to think that if something is too good to be true, it probably is.Lol... figured this would get a response from you, being one of the more vocal blind Buffet followers.
This is a legitimate Hedge Fund, one that has been operating for over 30 years. Madoff ran a Ponzi scheme.
But by all means, shriek and recoil over that which you do not understand...
You can’t get into it. It’s for employees only.Hey, if you can get in and make that kind of money more power to you! I just have a lifetime of skepticism and seeing fraud to think that if something is too good to be true, it probably is.
What exactly is your point in touting this "fund" anyway? You're not in it, you can't get in it and no one here can either. All you're saying is there is a future potential "Madoff" fund on the horizon. I hope you prove me wrong but I doubt it because over the next few years these guys will get exposed when their high frequency trading falters.You can’t get into it. It’s for employees only.
But you would know that if you had actually read it instead of going straight into shriek and recoil mode.
More lolz. Now you’re just throwing darts in the dark. Absolutely no clue what you’re talking about.What exactly is your point in touting this "fund" anyway? You're not in it, you can't get in it and no one here can either. All you're saying is there is a future potential "Madoff" fund on the horizon. I hope you prove me wrong but I doubt it because over the next few years these guys will get exposed when their high frequency trading falters.
The fact that you post 'wut' to this proposal shows how completely ignorant you are about investing and saving. When do you expect to be able to 'retire'. Just curious. I could have retired 5 years ago. I'm still having a blast.
However, since 47 some odd percent of Americans don't pay any taxes anyway, it is somewhat meaningless, I'll give you that.