stocks into annuities, direct transfer, no capital gains. I still hold stocks but less than 40 percent overall. I peel money off the dividends from the annuities in a monthly schedule but leave some of the dividends to reinvest. When interest rates were high, annuities were offering 7 percent rate of return compounded monthly for a 6 year term.
Since trump took office I have lost less than $20k, but shit, that's still a lot. Last term of his, I lost so so much but biden gave it back and then some, and some more.
Watch out here, crude oil prices are dropping, if they continue it will no longer be profitable for US oil to pump, meaning less oil and higher prices at the pump.
Asian markets closed early due to high volatility and stock sell outs, they hit that magic negative 7 percent number as we might also hit tomorrow.
IMHO congress needs to step in and stop the Insanity, but will they?
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