Index annuity, index security funds

are these legit and worthwhile? i had some dude chat me up about them the other afternoon.

 

Annuity = suck ass 99% of the time.

Index funds are what I believe most people shoud be invested in. Track the market with very little management overhead costs, as the vast majority of people that try to beat the market lose, especially with management costs factored in. Anywho, there are a lot of varieties in funds - you might find an index fund with 1.5% costs, another with .2%. Be careful.

 

thanks, he was talking about index security specifically. they only follw the upswing of the markets, but their growth is on the slow side. i'm thinking there is no free lunch. i tried to google but struck out.

 

stay away.

 

kinda what i figured