M59
Gold Member
- Joined
- Oct 27, 2014
- Messages
- 481
- Location
- Fairview NC
- Tractor
- Kubota M59 TLB/ Mahindra Max 24 TLB/ KX-080-5
turbo36,
You are right to question Snobdds generic statement. Every person has their unique financial position, however there are some rules of thumb, which I abide by, in the big picture investment universe. Absent all other invest able options, the S&P is a good go to for investment without having to think too hard. I personally will avoid Annuities, Whole Life Insurance, and Reverse Mortgages like they are the black plague. These three items were designed to largely benefit ( handsomely enrich ) the issuer.
Depending on one's risk acceptance level and/ or asset level, the range of invest-able options is wide open.
You are right to question Snobdds generic statement. Every person has their unique financial position, however there are some rules of thumb, which I abide by, in the big picture investment universe. Absent all other invest able options, the S&P is a good go to for investment without having to think too hard. I personally will avoid Annuities, Whole Life Insurance, and Reverse Mortgages like they are the black plague. These three items were designed to largely benefit ( handsomely enrich ) the issuer.
Depending on one's risk acceptance level and/ or asset level, the range of invest-able options is wide open.