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Taking Stock: Avoid those equity-indexed annuities

Malcolm Berko: Unless Wall Street has found a way to change the laws of nature, there are no equity-indexed annuities or variable annuities that can perform better than the market. And there is no such animal as an equity-indexed annuity or variable annuity that is guaranteed not to lose money.
By Malcolm Berko Published: April 28, 2013

There are quite a few good dividend/growth stocks that make a lot of sense to own; however, I can't make specific recommendations without knowing your financial background, your risk tolerances, your income needs and other important personal information. So I recommend that you employ a knowledgeable, experienced, wise and caring money manager whom you can trust. He can help you define and manage your goals and eliminate most of the guesswork from your investment choices. And a professional with those qualifications would probably recommend a portfolio of dividend growth investments in the following sectors: business development companies yielding 5 to 9 percent, pipeline master limited partnership issues yielding 5.5 to 8.5 percent, telephone and electric utilities yielding between 4.5 and 5.5 percent, conservative gas and oil drilling issues with 5 to 8 percent yields, some big drug companies yielding between 4 and 6 percent and selected real estate investment trusts with 4 to 6 percent yields. Depending on the amount of money to be managed, these professionals charge annual fees of between 0.75 and 1.5 percent, including transaction costs.

Please address your financial questions to Malcolm Berko, P.O. Box 8303, Largo, FL 33775, or email him at


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