Page 85 - The Informed Fed--Hearn (edited 10.29.20)

2) Brokerage or managed assets such as mutual funds, bond funds,
stocks, ETFs etc. This is where your greatest growth potential is
found. Notice I said “potential”. I didn’t say “guarantee”. As
long as you understand the fees and risks associated with these
types of investments, then it is a viable option. Just remember
that you are shouldering the risk, not the broker, not the fund
manager, not the brokerage firm. YOU!
3) Insurance company. The insurance company is going to offer
you an annuity. If you want guarantees with no market risk, then
you will want to stay with a fixed or fixed indexed annuity. These
annuities have certain caps and limitations as to the upside one
can earn, but for the risk-averse investor, it is an option to
consider.

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