In this episode, The Annuity Man discusses:
- Having money in the stock market (even if you don’t have or need an annuity).
- Why you should be in the stock market, either managing yourself or having someone manage it for you.
- Understanding if you need an annuity and how to allocate and proportion your money.
- Diversification of risk and assets. The stock market and annuities can work together, but they cannot be compared.
Key Takeaways:
- 80% of all stock market trades are not done by a real-life, breathing human.
- If you want market growth, stick with the stock market. Annuities are for the guarantees, not growth.
- Never buy annuities for what they might do. You can’t look at back-tested numbers, you can only look at what it will do, not what it might do.
- Never compare the stock market to annuities. Never compare investments to contracts. One is a shouldering of the risk and one is the transferring of the risk.
"It comes down to two things: how much risk are you willing to shoulder and how much risk are you wanting to transfer? Everybody is different." — Stan The Annuity Man
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Website: TheAnnuityMan.com
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YouTube: Stan The Annuity Man
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