Posts: 2
Joined: 18 Jan 2017
Location: New England
Eternity Funds - Legit?
Does eternityfunds.com fall under the "too good to be true" rule? I've been searching the internet and cannot find any reviews or forums on Eternity Funds. Has anyone seen anything on them?
Wed Jan 18, 2017 8:12 pm
Lazer New Poster
Cash: $ 0.45
Posts: 2
Joined: 18 Jan 2017
Location: New England
You give them a deposit and their guarantee a 10% annual return. You'll never ever get your capitol back so it's like buying a lifetime annuity. The capitol goes to a Swiss account. This is a "Private Foundation", not sure what that means other than it's not a bank or financial institution. I'm wondering if it's a scam.
Wed Jan 18, 2017 8:24 pm
oldguy Senior Member
Cash: $ 751.65
Posts: 3655
Joined: 21 May 2006
Location: arizona
quote: and secured another boss/personal reference for the future LOL.
Not too good to be true, and it's not that good. No compound interest (which is the magic of becoming wealthy)
A. Say that you spend $100,000 to buy the life annuity. Each year they send you $10,000 (10%), your $100k is gone.
B. Conversely, if you kept your $100,000 and invested in a generic SP500 Index (longterm average return or 11%/yr) it would compound to $806,200 in 20 yrs.
if you invested your $10k/yr payout (from Plan A) in the same generic SP500 Index at 11%/yr, it would be worth $712,000 in 20 years. (Almost $100,000 less than your fund).
Wed Jan 18, 2017 9:33 pm
Kuznec Member
Cash: $ 2.20
Posts: 11
Joined: 07 Jul 2017
It's scammers forget about them.
Thu Aug 17, 2017 4:56 pm
ranjith422 Senior Member
Cash: $ 71.10
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Joined: 07 Mar 2018
Location: New York City
