VA Performance
I just crunched some numbers on the annuity that I’ve been using for almost 6 years.
Annuity +72%
Dow +47%
S&P + 54%
The annuity number is NET of ALL fees. Not bad, eh?
I love data mining. Bet you bought the annuity in Sept or Oct 2000? That would be the only time your returns work. Might want to add dividends next time when comparing, might be viewed as more accurate.
I would be flattered, VA. Primo is the expert in data mining.
My clients have done well too, and I know I won't get complaints at tax time when everyone else is paying taxes on their investments even though their accounts are way down. Love it!Beating the market net of fees is great, although have you taken the subaccounts and run a hypo using the mutual funds they are based off of and compared returns? Might open your eyes a bit. Of course, your comparison is only valid if all you invested inside the annuity was in domestic large cap. Bet you had some Intl in there. Oh well, wouldn’t want an accurate comparison or the truth to get in the way of your accomplishments. Good job!
[quote=Primo]Beating the market net of fees is great, although have you taken the subaccounts and run a hypo using the mutual funds they are based off of and compared returns? Might open your eyes a bit. Of course, your comparison is only valid if all you invested inside the annuity was in domestic large cap. Bet you had some Intl in there. Oh well, wouldn’t want an accurate comparison or the truth to get in the way of your accomplishments. Good job![/quote]
I find that actual numbers are a pretty good representation of what actually happened.
So no to the hypo, it’s not important to you that your index returns are lower than actual, and let’s also ignore EAFE is up double the domestic indexes. Hmmmm. As long as your annuity beats something, its gotta be good!
[quote=Primo]So no to the hypo, it’s not important to you that your index returns are lower than actual, and let’s also ignore EAFE is up double the domestic indexes. Hmmmm. As long as your annuity beats something, its gotta be good![/quote]
The numbers speak for themselves and quite loudly to prospects. That’s all that matters, son.
Ooooo, a VA discussion…my favorite!
I love my VA contracts. Performance is very solid thus far, but if only I had a way to show the intangible returns and compare that... You look at someone who has held a VA for 6 years and done 72%. How many might have sold out at some point because they wanted the next "hot" thing (ie Real Estate)? I like it VA Salesman. You should be a VA salesman. Off to a Pru lunch to learn about the HD 7 product and that new private equity/hedge fund/UIT sub-account in their VA.I think you're misunderstanding me. I think its great that you made clients money during a bull market and they are happy!!! That is so rare!!! Outstanding job!!! I mean if the clients are happy who really cares if 72% could have been 92% or 112% if you hadn't tacked on those M&E fees. I'm sure they are sleeping well at night. As long as we are bragging, my base portfolio from 10/01/2002 to 06/30/2008 is up 115% net of fees, up 99% net of taxes (and fees) IF you are in the top tax bracket, and has 30% in fixed income. Of course this has nothing to do with the bull market.[quote=Primo]So no to the hypo, it’s not important to you that your index returns are lower than actual, and let’s also ignore EAFE is up double the domestic indexes. Hmmmm. As long as your annuity beats something, its gotta be good![/quote]
The numbers speak for themselves and quite loudly to prospects. That’s all that matters, son.
[quote=Lakers]I would be flattered, VA. Primo is the expert in data mining.
My clients have done well too, and I know I won't get complaints at tax time when everyone else is paying taxes on their investments even though their accounts are way down. Love it![/quote] Hey Lakers, still not sure about AAA subprime MBS? I was concerned something had happened to you as you just disappeared.I think you're misunderstanding me. I think its great that you made clients money during a bull market and they are happy!!! That is so rare!!! Outstanding job!!! I mean if the clients are happy who really cares if 72% could have been 92% or 112% if you hadn't tacked on those M&E fees. I'm sure they are sleeping well at night. As long as we are bragging, my base portfolio from 10/01/2002 to 06/30/2008 is up 115% net of fees, up 99% net of taxes (and fees) IF you are in the top tax bracket, and has 30% in fixed income. Of course this has nothing to do with the bull market.[/quote][quote=VA Salesman] [quote=Primo]So no to the hypo, it’s not important to you that your index returns are lower than actual, and let’s also ignore EAFE is up double the domestic indexes. Hmmmm. As long as your annuity beats something, its gotta be good![/quote]
The numbers speak for themselves and quite loudly to prospects. That’s all that matters, son.
I think you have overestimated my level of interest in what you think.
Not bad, eh?
Then why did you ask, daughter?[quote=Primo][quote=Lakers]I would be flattered, VA. Primo is the expert in data mining.
My clients have done well too, and I know I won't get complaints at tax time when everyone else is paying taxes on their investments even though their accounts are way down. Love it![/quote] Hey Lakers, still not sure about AAA subprime MBS? I was concerned something had happened to you as you just disappeared.[/quote] I'm not surprised you are concerned as I doubt you have anything better to do. BTW, your right to be heard doesn't necessarily mean your right to be taken seriously.[quote=Lakers][quote=Primo][quote=Lakers]I would be flattered, VA. Primo is the expert in data mining.
My clients have done well too, and I know I won't get complaints at tax time when everyone else is paying taxes on their investments even though their accounts are way down. Love it![/quote] Hey Lakers, still not sure about AAA subprime MBS? I was concerned something had happened to you as you just disappeared.[/quote] I'm not surprised you are concerned as I doubt you have anything better to do. BTW, your right to be heard doesn't necessarily mean your right to be taken seriously.[/quote] ...says the mental midget who wasn't sure AAA subprime mortgages existed and requested not only a source, but a specific CUSIP. Are you still angry that I posted the requested info and made you look stupid?I may be stupid, but I’m good looking and I can always get smarter. YOU on the other hand are fat and ugly,and are condemned to stay that way forever.
In fact, you're so fat, you have to iron your pants in the driveway. You're so fat you have your own zip code. You're so fat the back of your neck looks like a package of hot dogs. When you dance you make the band skip. When you were diagnosed with flesh eating disease, your doctor gave you 13 years to live. You put mayo on aspirin. Your ass has its own congressman. Your cereal bowl came with a lifeguard. When you go to the zoo elephants throw you peanuts Your high school graduation picture was an aerial photograph Your drivers license picture says"continued on other side" You have smaller fat people orbiting you I'll have to take a train and two busses just to get on your good side Your nickname is DAAAAYAMMM! You could sell shade Your blood type is RAGU You get runs in your jeans When you go to a restaurant you don't get a menu, you get an estimate You have to put your belt on with a boomerang Your belly button doesn't have lint, it has sweaters When you were walking down the street I swerved to miss you and ran out of gas When you get your shoes shined, you have to take his word for it I could continue, but I'm leaving for vacation now.[quote=Primo][quote=Lakers][quote=Primo][quote=Lakers]I would be flattered, VA. Primo is the expert in data mining.
My clients have done well too, and I know I won't get complaints at tax time when everyone else is paying taxes on their investments even though their accounts are way down. Love it![/quote] Hey Lakers, still not sure about AAA subprime MBS? I was concerned something had happened to you as you just disappeared.[/quote] I'm not surprised you are concerned as I doubt you have anything better to do. BTW, your right to be heard doesn't necessarily mean your right to be taken seriously.[/quote] ...says the mental midget who wasn't sure AAA subprime mortgages existed and requested not only a source, but a specific CUSIP. Are you still angry that I posted the requested info and made you look stupid?[/quote]I'm sorry that your clients aren't doing so well that you have to lash out at those of us who are taking good care of our clients.
[quote=Lakers]I may be stupid, but I’m good looking and I can always get smarter. YOU on the other hand are fat and ugly,and are condemned to stay that way forever.
In fact, you're so fat, you have to iron your pants in the driveway. You're so fat you have your own zip code. You're so fat the back of your neck looks like a package of hot dogs. When you dance you make the band skip. When you were diagnosed with flesh eating disease, your doctor gave you 13 years to live. You put mayo on aspirin. Your ass has its own congressman. Your cereal bowl came with a lifeguard. When you go to the zoo elephants throw you peanuts Your high school graduation picture was an aerial photograph Your drivers license picture says"continued on other side" You have smaller fat people orbiting you I'll have to take a train and two busses just to get on your good side Your nickname is DAAAAYAMMM! You could sell shade Your blood type is RAGU You get runs in your jeans When you go to a restaurant you don't get a menu, you get an estimate You have to put your belt on with a boomerang Your belly button doesn't have lint, it has sweaters When you were walking down the street I swerved to miss you and ran out of gas When you get your shoes shined, you have to take his word for it I could continue, but I'm leaving for vacation now.[/quote] Maybe if you put this amount of effort into understanding one of the PRIMARY reasons we're in a bear market, you wouldn't have to claim to be good looking on a forum where no one can see your face.[quote=VA Salesman] [quote=Primo][quote=Lakers][quote=Primo][quote=Lakers]I would be flattered, VA. Primo is the expert in data mining.
My clients have done well too, and I know I won't get complaints at tax time when everyone else is paying taxes on their investments even though their accounts are way down. Love it![/quote] Hey Lakers, still not sure about AAA subprime MBS? I was concerned something had happened to you as you just disappeared.[/quote] I'm not surprised you are concerned as I doubt you have anything better to do. BTW, your right to be heard doesn't necessarily mean your right to be taken seriously.[/quote] ...says the mental midget who wasn't sure AAA subprime mortgages existed and requested not only a source, but a specific CUSIP. Are you still angry that I posted the requested info and made you look stupid?[/quote]I'm sorry that your clients aren't doing so well that you have to lash out at those of us who are taking good care of our clients.
[/quote] You are correct, the numbers do speak for themselves. You made your client less money using an expensive vehicle that offered gaurantees that to this point have been wasted money. Good thing we went into a bear market, you might actually need the gaurantees now. Me, I will take the higher returns, avoid the double taxation on death for non-qual money, limited investment choices, surrender charges, unnecessary fees and enjoy a laugh at your expense.
Me, I will take the higher returns, avoid the double taxation on death for qual money
Please tell me about this double taxation that you will be avoiding.Mistake in post, non-qual money.
[quote=Primo]
Mistake in post, non-qual money.
[/quote] Can someone explain the double-taxation for VAs?[quote=JimYoung][quote=Primo]
Mistake in post, non-qual money.
[/quote] Can someone explain the double-taxation for VAs?[/quote]It can't be explained because it doesn't occur. Primo is poorly informed, as he gets most of his information from his own imagination.
JIm, NQ VA's don't get a step up in basis. This means that they get hit with estate taxes and income taxes.
Ex. Joe bought $100,000 worth of XYZ stock. The stock is now worth $10,000,000. At death, this stock will add $10,000,000 to his estate. However, at death, the inheritor will get a step-up in basis to $10,000,000. Therefore, if he sells the stock, he'll get $10,000,000 tax free. If this was a VA instead, the VA would add $10,000,000 to his estate, but at death the beneficiary would keep the original cost basis of $100,000. If he sells the VA, he'll pay income tax on the $9,900,000 gain.Only one problem with your post anon, the VA wouldn’t get to $10mm, so the tax gain would be less, double taxed still, but less. I guess current tax law= poorly informed.
Show me exact funds and exact years. The only way that would be possible is if we started off in an extreme bull market and ended in one in which your VA picked out good funds. Otherwise the rider fees would completely eat up the account value in a bear market because the fees increase as your account value gets lower.I just crunched some numbers on the annuity that I’ve been using for almost 6 years.
Annuity +72%
Dow +47%
S&P + 54%
The annuity number is NET of ALL fees. Not bad, eh?
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