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Posted by Will Trice on August 14, 2007, 8:43 pm
Elle wrote:
> It's true, Will, human nature is such that people do not
> like to be reminded in any form of their ethical
> responsibilities.
I'm not sure that what you say is true, Elle. Particularly in this
case. All kastnna said was "FWIW I am pro-VA, not anti." But the tone
of his posts were anti-VA for this situation. Why should that require
disclosure? Particularly since he did not attempt to sell an
alternative, nor attempt to "generate buzz" about some other product.
When *you* suggest mutual funds, you do not disclose your ownership (or
lack therof) of those funds, yet that may have ethical ramifications.
In the example you gave, the engineer's remarks could have been
construed as "generating buzz", hence the disclosure. Kastnna did
neither of these things.
-Will
Disclosure: I have ethics.
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Posted by Elizabeth Richardson on August 13, 2007, 8:27 pm
> Deception or obfuscation is never well-received. E.g. people
> finding out /after the fact/ that your line of work involves
> the sale,
Where have you been, Elle? kastna has stated many times, in many replies,
that he is in the financial planning industry, that he sells a variety of
products to clients, that he has computer models that help him manage their
portfolios, etc. etc. (or as you would say, blah, blah, blah). He has
neither obfuscated nor deceived.
And by the way, from another thread, it's kit and kaboodle, not kitten
kaboodle. See: http://www.worldwidewords.org/qa/qa-who2.htm
Elizabeth Richardson
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Posted by Elle on August 14, 2007, 6:36 am
message
>
> message
>> Deception or obfuscation is never well-received. E.g.
>> people
>> finding out /after the fact/ that your line of work
>> involves
>> the sale,
>
> kastna has stated many times, in many replies,
> that he is in the financial planning industry,
Huh, isn't that interesting. Funny, but the author of the NY
Times Op-Ed article is a frequently published and well known
author, too. His interests in the product he mentioned are
amply accessbile on the net. Yet he disclosed yet again his
possible conflict of interest in this article. Imagine that.
The NY Times sure knows how to waste ink, I guess.
Thanks for the post-o correction. Maybe you'd like to become
the group's official Post-o Cop? That would be a great
service.
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Posted by Tad Borek on August 14, 2007, 2:13 pm
Elle wrote:
> Thanks for the post-o correction. Maybe you'd like to become
> the group's official Post-o Cop? That would be a great
> service.
I believe this is called "irony."
-Tad
Disclosure: I am not a professional editor, but I did score a 60+ on my
Test of Standard Written English in 1983.
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Posted by Douglas Johnson on August 12, 2007, 11:22 am
Percy.Labrada@Gmail.com wrote:
>Yes I have maximized all other vehicles available to me. This money
>is what is left over from that. It is important to note that I am NOT
>a "buy and hold" invetsor. Every so often, I make changes to the
>portfolio which would trigger capital gains taxes. That is why a VA
>works for me. I agree that for buy and holders it may not make that
>much sense to go with a VA.
You should do the math very carefully. With long term capital gains at 15%, a
variable annuity would have to be very cheap to make sense. If you are making
changes more frequently than an year, you might want to think through your
investment strategy. I've never thought about a VA as a trading vehicle.
Don't let the tax tail wag the investment dog.
-- Doug
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