Charles Schwab??

[TuVu]

I manage a family trust through a brokerage, because while I have learned a lot here and elsewhere, I am still relatively unsophisticated financially. The broker has been a big help. As of yesterday, all of the highest CD interest rates were from WaMu. Twelve-month CD for $100K was 4%. I asked him why WaMu was higher than everybody else and he told me bluntly (this is why he’ll be my broker for life, just like I have a hairdresser for life), “WaMu is in trouble and needs the cash.”

[Anonymous]

Doublewide,

I don’t think you are ready yet, but an alternative to CD’s that you may want to start watching or learning about is Private Money Mortgages. Don’t do 2nd TD’s; stay in 1st TD’s. With much of the air out of the bubble, a well secured (65% Loan/Value) 1st Mortgage (TD) can yield 8 -10%. If you believe the market will drop 35% from here, even a 65% LTV will not be safe enough.

TD’s are not insured and are not liquid when times are tough, but absent a terrfic downdraft in values, they typically yield 3-4 times CD rates and are reasonably safe when made properly.

Institutional financing has gone from stupidly loose to stupidly tight. That is providing a fantastic market for private money lenders. We can now get reasonable to terrific LTV’s as well as great yields and often great credit.

[Anonymous]

Doublewide,

I don’t think you are ready yet, but an alternative to CD’s that you may want to start watching or learning about is Private Money Mortgages. Don’t do 2nd TD’s; stay in 1st TD’s. With much of the air out of the bubble, a well secured (65% Loan/Value) 1st Mortgage (TD) can yield 8 -10%. If you believe the market will drop 35% from here, even a 65% LTV will not be safe enough.

TD’s are not insured and are not liquid when times are tough, but absent a terrfic downdraft in values, they typically yield 3-4 times CD rates and are reasonably safe when made properly.

Institutional financing has gone from stupidly loose to stupidly tight. That is providing a fantastic market for private money lenders. We can now get reasonable to terrific LTV’s as well as great yields and often great credit.

[Anonymous]

Doublewide,

I don’t think you are ready yet, but an alternative to CD’s that you may want to start watching or learning about is Private Money Mortgages. Don’t do 2nd TD’s; stay in 1st TD’s. With much of the air out of the bubble, a well secured (65% Loan/Value) 1st Mortgage (TD) can yield 8 -10%. If you believe the market will drop 35% from here, even a 65% LTV will not be safe enough.

TD’s are not insured and are not liquid when times are tough, but absent a terrfic downdraft in values, they typically yield 3-4 times CD rates and are reasonably safe when made properly.

Institutional financing has gone from stupidly loose to stupidly tight. That is providing a fantastic market for private money lenders. We can now get reasonable to terrific LTV’s as well as great yields and often great credit.

[Anonymous]

Doublewide,

I don’t think you are ready yet, but an alternative to CD’s that you may want to start watching or learning about is Private Money Mortgages. Don’t do 2nd TD’s; stay in 1st TD’s. With much of the air out of the bubble, a well secured (65% Loan/Value) 1st Mortgage (TD) can yield 8 -10%. If you believe the market will drop 35% from here, even a 65% LTV will not be safe enough.

TD’s are not insured and are not liquid when times are tough, but absent a terrfic downdraft in values, they typically yield 3-4 times CD rates and are reasonably safe when made properly.

Institutional financing has gone from stupidly loose to stupidly tight. That is providing a fantastic market for private money lenders. We can now get reasonable to terrific LTV’s as well as great yields and often great credit.

[Anonymous]

Doublewide,

I don’t think you are ready yet, but an alternative to CD’s that you may want to start watching or learning about is Private Money Mortgages. Don’t do 2nd TD’s; stay in 1st TD’s. With much of the air out of the bubble, a well secured (65% Loan/Value) 1st Mortgage (TD) can yield 8 -10%. If you believe the market will drop 35% from here, even a 65% LTV will not be safe enough.

TD’s are not insured and are not liquid when times are tough, but absent a terrfic downdraft in values, they typically yield 3-4 times CD rates and are reasonably safe when made properly.

Institutional financing has gone from stupidly loose to stupidly tight. That is providing a fantastic market for private money lenders. We can now get reasonable to terrific LTV’s as well as great yields and often great credit.

[j]

An old boss always told clients to ask a potential financial planner if annuities were a good investment. If the financial planner said yes it was a sure sign to run. Annuities are horrible for an investor, but great for the broker. Brokers get a large commission and win vacations. Annuities are basically the Alt-A of investments.

[j]

An old boss always told clients to ask a potential financial planner if annuities were a good investment. If the financial planner said yes it was a sure sign to run. Annuities are horrible for an investor, but great for the broker. Brokers get a large commission and win vacations. Annuities are basically the Alt-A of investments.

[j]

An old boss always told clients to ask a potential financial planner if annuities were a good investment. If the financial planner said yes it was a sure sign to run. Annuities are horrible for an investor, but great for the broker. Brokers get a large commission and win vacations. Annuities are basically the Alt-A of investments.

[j]

An old boss always told clients to ask a potential financial planner if annuities were a good investment. If the financial planner said yes it was a sure sign to run. Annuities are horrible for an investor, but great for the broker. Brokers get a large commission and win vacations. Annuities are basically the Alt-A of investments.

[j]

An old boss always told clients to ask a potential financial planner if annuities were a good investment. If the financial planner said yes it was a sure sign to run. Annuities are horrible for an investor, but great for the broker. Brokers get a large commission and win vacations. Annuities are basically the Alt-A of investments.

[Raybyrnes]

J
I think you are wrong on this. Annuities are unfortunately marrketed to everyone but ideal for a few.
I would think if someone asked about annuities there is a check list of questions to explore before making any type of recommendation.

When you immediately exclude products it show a very limited understanding of the uses of the products. This means that your client can sometimes miss out.

If I didn’t understand a product a more accurate response might be that due to the amount of moving parts and the complicated nature of the product I don’t recommend them to my clients.

[Raybyrnes]

J
I think you are wrong on this. Annuities are unfortunately marrketed to everyone but ideal for a few.
I would think if someone asked about annuities there is a check list of questions to explore before making any type of recommendation.

When you immediately exclude products it show a very limited understanding of the uses of the products. This means that your client can sometimes miss out.

If I didn’t understand a product a more accurate response might be that due to the amount of moving parts and the complicated nature of the product I don’t recommend them to my clients.

[Raybyrnes]

J
I think you are wrong on this. Annuities are unfortunately marrketed to everyone but ideal for a few.
I would think if someone asked about annuities there is a check list of questions to explore before making any type of recommendation.

When you immediately exclude products it show a very limited understanding of the uses of the products. This means that your client can sometimes miss out.

If I didn’t understand a product a more accurate response might be that due to the amount of moving parts and the complicated nature of the product I don’t recommend them to my clients.

[Raybyrnes]

J
I think you are wrong on this. Annuities are unfortunately marrketed to everyone but ideal for a few.
I would think if someone asked about annuities there is a check list of questions to explore before making any type of recommendation.

When you immediately exclude products it show a very limited understanding of the uses of the products. This means that your client can sometimes miss out.

If I didn’t understand a product a more accurate response might be that due to the amount of moving parts and the complicated nature of the product I don’t recommend them to my clients.

[Author]

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