Q: From the response to Paul's Sep.21 question: "There are some principal-guaranteed products offered by several brokerages also available."
The problem with Principal Protected Notes (PPNs) as so well pointed out by Hank Cunningham in his excellent book "In Your Best Interest" is they are a "product designed solely with fees in mind and not the well-being of the individual investor."
He goes on to illustrate how you can create your own low cost PPN "using a strip or regular bond" plus an "ETF or commodity of your choice."
I hope this helps the discussion of a very problematic area for all on fixed incomes, J.
The problem with Principal Protected Notes (PPNs) as so well pointed out by Hank Cunningham in his excellent book "In Your Best Interest" is they are a "product designed solely with fees in mind and not the well-being of the individual investor."
He goes on to illustrate how you can create your own low cost PPN "using a strip or regular bond" plus an "ETF or commodity of your choice."
I hope this helps the discussion of a very problematic area for all on fixed incomes, J.