by GarySpicuzza » Sun Nov 16, 2008 10:30 am
AvivaUSA
Boring is exciting!
Why?
Well which would you prefer, your retirement savings to have lost 40% over the past 6 weeks or your retirement savings to be SAFE and sound with all principal and past gains intact?
I'm Gary Spicuzza and I approved this message with full knowledge it is a shameless plug. Since none of my clients have lost one dime of their money they have entrusted with me, I have nothing to be ashamed about.
system edited-link deactivated
Boring is exciting!
Why?
Well which would you prefer, your retirement savings to have lost 40% over the past 6 weeks or your retirement savings to be SAFE and sound with all principal and past gains intact?
I'm Gary Spicuzza and I approved this message with full knowledge it is a shameless plug. Since none of my clients have lost one dime of their money they have entrusted with me, I have nothing to be ashamed about.
system edited-link deactivated
Posted: Tue Dec 23, 2008 12:35 pm Post Subject:
With the implosion of Wall St. lead by the likes of Bernard Madoff and others comes the inevitable EXPLOSION in the FIXED ANNUITY markets.
The SEC under the stewardship of the Honorable Chris Cox who for the past 5 years has been obsessing over Fixed Indexed Annuities and SEC rule 151A has allowed the largest fraud in history to be perpetrated on Wall St.
Bernard Madoff, THE hedge fund of hedge funds of all Ponzi schemes and a $50,000,000,000 billion dollar rip off. To put this into some type of perspective the USA auto industry just got a $17,000,000,000 billion dollar bailout from the USA Gubment. That's 1/3 of the amount of money Bernard Madoff stole from his clients.
Hedge funds are EXCITING!
Fixed Annuities are boring.
Hedge fund statements showing a 12%-18% or more return are EXCITING.
Fixed Annuity statements showing a 3% GUARANTEE is boring.
Hedge funds showing a 25%-40% LOSS is EXCITING.
Fixed Annuities showing 0% losses are equally exciting but with diametrically opposed emotion.
Wall St. is a fraud.
It's a sexy derivative of an arbitrage of a fraction of a share of a packaged security of which there is no security.
Wake up America!
Posted: Tue Dec 23, 2008 02:23 pm Post Subject:
what? what? what was that? oh wait ok, i'm awake now, oh it's gary...good morning gary....i'm with ya' brother...got it all locked up solid without loss, which (IMO as well) is a GAIN. (especially now)
Posted: Tue Dec 23, 2008 06:52 pm Post Subject:
what? what? what was that?
I said.....
"It's a sexy derivative of an arbitrage of a fraction of a share of a packaged security of which there is no security."
Here's Madoff's hedge fund formula:
Heads I win, tails you lose!
Posted: Tue Dec 23, 2008 10:37 pm Post Subject: insurance
HOLY (won't say it)! :roll: Looks all 'Greek' to me..LOL :wink:
Posted: Wed Dec 24, 2008 06:12 am Post Subject:
You're not alone SD, Gary takes enough care that his posts look Greek to most of us. :wink:
Now, let me capsule the whole issue in layman's terms…according to Gary, greed is the mother of all evil. Hence, the seemingly interesting return of the hedge funds got wiped out with the downfall of Wall Street, whereas, the unattractive steady return of the fixed annuity plan has successfully protected its investor's money.
Gary, I think you should explain the things in more laymen's terms since mathematics escapes the merits of many like me :(
Posted: Wed Dec 24, 2008 05:50 pm Post Subject:
Hey, I've got pics of Madoff's sexy derivative:
Posted: Thu Jan 01, 2009 02:31 am Post Subject: AVIVA
That was pretty shameless.
Posted: Thu Jan 01, 2009 12:13 pm Post Subject:
:P I know.
That pic of the Sexxxy Derivative is compelling! :wink: :P
Posted: Wed Jan 07, 2009 10:10 am Post Subject:
jeorge wrote:
Hence, the seemingly interesting return of the hedge funds got wiped out with the downfall of Wall Street, whereas, the unattractive steady return of the fixed annuity plan has successfully protected its investor's money.
Exactly, brevity is the wit of genius.
Well stated Jeorge!
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