+ A friend recently pointed me to an item from 1999 at The Daily Howler that sets the record straight about the Al Gore and the claim that he invented the internet.
It is true that Gore could have phrased the comment a bit differently. But this shows what “journalists” can do with a partial or out of context quote.
BTW, the url address for this page ends in “shtml”. WTF does shtml stand for? I assume not the obvious.
+ I do not like annuities – and advise anyone who asks against them. However brokers and other salesmen (remember that a broker is a salesman first) love them because they pay high commissions.
Paul B Farrell over at MARKET WATCH wrote an excellent article on the subject a while back- “Clip Job - Still Bashing Annuities After All These Years, With Good Reason”.
Paul reports that, “In fact annuities have countless, hidden flaws that all too often remain undisclosed until it's too late: excessive commissions, lower returns, payout delays, surrender fees and long lock-ins.” He points out that, “Sales commissions are lucrative for annuity sales agents, some as high as 14%. As a result, the industry attracts aggressive hustlers with questionable ethics preying on vulnerable customers, especially the elderly, a pattern that gives the rest of the industry a bad name.”
He provides an excellent alternative to purchasing an annuity - “Solution: Buy the insurance and the securities separately. Otherwise you're just making your broker richer and yourself broker."
+ Here is an interesting new site I came across in my “wanderings” on the web – Infoplease.com. It is a source of “all the knowledge you need”. It is an online almanac, atlas, dictionary, encyclopedia and thesaurus, etc.
One special feature is an almanac for the year you were born. Click here to read about the year I entered the world.
+ Jim of BLUEPRINT FOR FINANCIAL PROSPERITY discusses “Do It Yourself Identity Theft Protection”.
TTYL
It is true that Gore could have phrased the comment a bit differently. But this shows what “journalists” can do with a partial or out of context quote.
BTW, the url address for this page ends in “shtml”. WTF does shtml stand for? I assume not the obvious.
+ I do not like annuities – and advise anyone who asks against them. However brokers and other salesmen (remember that a broker is a salesman first) love them because they pay high commissions.
Paul B Farrell over at MARKET WATCH wrote an excellent article on the subject a while back- “Clip Job - Still Bashing Annuities After All These Years, With Good Reason”.
Paul reports that, “In fact annuities have countless, hidden flaws that all too often remain undisclosed until it's too late: excessive commissions, lower returns, payout delays, surrender fees and long lock-ins.” He points out that, “Sales commissions are lucrative for annuity sales agents, some as high as 14%. As a result, the industry attracts aggressive hustlers with questionable ethics preying on vulnerable customers, especially the elderly, a pattern that gives the rest of the industry a bad name.”
He provides an excellent alternative to purchasing an annuity - “Solution: Buy the insurance and the securities separately. Otherwise you're just making your broker richer and yourself broker."
+ Here is an interesting new site I came across in my “wanderings” on the web – Infoplease.com. It is a source of “all the knowledge you need”. It is an online almanac, atlas, dictionary, encyclopedia and thesaurus, etc.
One special feature is an almanac for the year you were born. Click here to read about the year I entered the world.
+ Jim of BLUEPRINT FOR FINANCIAL PROSPERITY discusses “Do It Yourself Identity Theft Protection”.
TTYL
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