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Financial Planning - Financial planning in general. (Moderated)
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Posted by on May 29, 2008, 4:45 pm
Is there an annuity available which invests mainly or entirely in
energy (oil,natural gas,alternative energy,ect)?
Any helpful feedback appreciated,
Matt
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Posted by kastnna on May 29, 2008, 6:54 pm
On May 29, 3:45 pm, mwmiller...@gmail.com wrote:
> Is there an annuity available which invests mainly or entirely in
> energy (oil,natural gas,alternative energy,ect)?
There are probably a multitude of variable annuities that allow the
investor to invest solely in an energy fund. I cannot cite a specific
one off-hand, but international, real estate, emerging markets,
healthcare, biotech, and dozens of other sectors have their own sub-
accounts so it is foolish to think energy wouldn't also.
To pick a nit, insurance companies, which sell annuities, invest in
bond markets, not equities.
> Any helpful feedback appreciated,
Why an annuity specifically and why do you want to avoid
diversification? Answer these and I suspect you'll get flooded with
feedback.
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
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Posted by on May 30, 2008, 10:48 am
> To pick a nit, insurance companies, which sell annuities, invest in
> bond markets, not equities.
I think that generalization is wrong. There is no legal requirement
that insurance companies invest only in bonds. Berkshire Hathaway, run
by Warren Buffett, has invested heavily in equities.
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
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Posted by kastnna on May 30, 2008, 2:11 pm
On May 30, 9:48 am, beliav...@aol.com wrote:
>
> > To pick a nit, insurance companies, which sell annuities, invest in
> > bond markets, not equities.
>
> I think that generalization is wrong. There is no legal requirement
> that insurance companies invest only in bonds. Berkshire Hathaway, run
> by Warren Buffett, has invested heavily in equities.
I didn't say there is a legal requirement, it's just a generalization
and a generally true one at that. Berkshire Hathaway's insurance
subsidiary reports that 76.68% of its assets are in bonds and cash
while only 22.5% are in securities. I wouldn't consider that "heavily
invested". Perhaps you are mistaking the insurance company's assets
held in legal reserve and the total assets of the conglomerate. I was
referring to the former.
Using the vitalsuite database for insurance companies, a quick look
revealed that MetLife, John Hancock, Lincoln National/Jefferson Pilot,
ING, and Merrill Lynch all hold less than 7% of assets in securities
with most holding close to 2%. [I chose these companies becuase they
are large, well known, and I deal with them regularly so they quickly
came to mind]
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
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