So what are you buying these days?

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Feb 20, 2009 8:14 pm

For me it's mostly various shades of corp. and muni bonds, some VA's, a little managed futures, and soon-to-be fixed annuities which I've never done in almost 9 years. The missing chunk is stand-alone equity anything - the bread and butter of most asset allocation models.

 
What are y'unz doing (Go Steelers!)?
Feb 20, 2009 11:17 pm

Managed Futures..... Private REITs..... my own quantitative stock picking I put together...

Feb 20, 2009 11:56 pm

high quality corporate bonds, individual GO muni bonds, fixed annuities.  most equity stuff that entails higher risk i am putting into VA's with an income rider and using the DCA approach.  it makes the client feel more comfortable and is a way to get people back into the market for the long run

Feb 21, 2009 8:23 am

Im not buying Im selling ... options and shorts, doing very well.

Feb 21, 2009 8:35 am

That's been what's working for sure. In terms of equity funds, I've been pleased with how Ivy Asset Strategy has gotten back on track. Probably a lot of it is gold's comeback, part shorting the market I would assume.

Feb 21, 2009 10:11 am

I use IVY AS a lot. Look at their mix right now. It has changed quite a bit the past 6 months. Much more traditional than in the past.

Feb 21, 2009 10:34 am

In Canada.....looking at and buying Utilities ( we are under different situations that the U.S. ) for security and dividends , a Distillery Stock ( for security , dividends and in this market ...everyone will continue to drink ) and some other Notes from Blue Chip Companies.

 
Feb 21, 2009 10:59 am

Indexed Annuities. All you have to do is tape a note on the back of a dog to sell them.

Feb 21, 2009 1:15 pm

Why is that, because a dog has the required amount of licenses to sell one?

Feb 21, 2009 1:18 pm
Gordon Gekko:

Why is that, because a dog has the required amount of licenses to sell one?

 
 
Because people are too tired of falling for the bullsh*t that the Gordon Gekkos of world are pushing on them.
Feb 21, 2009 2:47 pm
Crooked Salesman:
Gordon Gekko:

Why is that, because a dog has the required amount of licenses to sell one?





Because people are too tired of falling for the bullsh*t that the Gordon Gekkos of world are pushing on them.





And falling for the bullsh*t of crooked salesman is what, awesome?!



I bet people thought their money was safe with Bernie Madoff too.

Feb 21, 2009 2:53 pm
Gaddock:

Im not buying Im selling ... options and shorts, doing very well.



Gym shorts, golf shorts, or bermuda?

Feb 21, 2009 2:59 pm
Moraen:
Crooked Salesman:
Gordon Gekko:

Why is that, because a dog has the required amount of licenses to sell one?

 

 

Because people are too tired of falling for the bullsh*t that the Gordon Gekkos of world are pushing on them.



And falling for the bullsh*t of crooked salesman is what, awesome?!

I bet people thought their money was safe with Bernie Madoff too.

 
Just think of all those poor people moving their money out of the stock market and putting it in guaranteed annuities. What a tragedy!
Feb 21, 2009 3:46 pm

Define guaranteed. There is no such thing as a guarantee.



Imagine all of those people who actually use strategies as opposed to products.

Feb 21, 2009 6:33 pm
Moraen:

Define guaranteed. There is no such thing as a guarantee.

Imagine all of those people who actually use strategies as opposed to products.

 
It's a thing that can't be offered by the stock market. It's something that I can legally say.
Feb 23, 2009 5:30 pm

Im thinking that fixed annuities are starting to look good for those close to or over 59 1/2. Pretty much a long term tax deffered CD.

Feb 25, 2009 12:16 pm

Gad..youre right.

 
Started looking at them last fall.  Glad I did in a couple of cases, for sure.
Look at Met, Jackson--call the annuity desk.  theres a woman in Charlotte that keeps up w/these thing like crazy. Very helpful.
Feb 25, 2009 12:47 pm
Gaddock:

Im thinking that fixed annuities are starting to look good for those close to or over 59 1/2. Pretty much a long term tax deffered CD.

 
The rates are so low though.  You can get pretty close to the fixed rates in some index annuities.  Or you could take the chance with index-linked interest. 
 
I just don't see the benefit of doing a fixed annuity over an index annuity, even if most of it was in the fixed bucket of that.
Feb 25, 2009 1:49 pm

Timber REITS always make me happy in down times.

Feb 25, 2009 1:51 pm

The biggest difference is the fixed rate of return.  You can tell clients and prospects that (1) not only is your principal guaranteed, (2) so is the interest rate.  Sure, EIAs may well do better than FAs, but there's that element of uncertainty that many CD buyers do not want.  American National and Allstate will pay 4.25% for 5 years, which beast the pants off CDs.  AmNat pays 4.9% for six years.  Not bad for some certainty in these times...

 
For myself, I'm considering an investment in the double-V fund...vodka and Vicodin...ahhh...good times...