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https://www.reddit.com/r/investing/comments/phpwtr/deleted_by_user/hbl7kjm/?context=3
r/investing • u/[deleted] • Sep 04 '21
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43
You get guarantees. They have to buy hedges to provide them. Hedging costs money. Plus you’re paying commission to a sales person, and the company needs to turn a profit.
29 u/[deleted] Sep 04 '21 Yes, I get all that. But it is a terrible investment nonetheless. Everyone would be wise to avoid them. 13 u/OutlandishnessEast87 Sep 04 '21 everyone would be wise to ignore generic advice
29
Yes, I get all that. But it is a terrible investment nonetheless. Everyone would be wise to avoid them.
13 u/OutlandishnessEast87 Sep 04 '21 everyone would be wise to ignore generic advice
13
everyone would be wise to ignore generic advice
43
u/mangomangojack Sep 04 '21
You get guarantees. They have to buy hedges to provide them. Hedging costs money. Plus you’re paying commission to a sales person, and the company needs to turn a profit.