Money Angles: A Primer on Market Pitfalls

With rates as low as 2%, investors are scrambling. Some advice: Watch out.

Citibank has been taking full-page ads for what it calls its Stock Index Insured Account. "With this unique account," runs the ad, "your IRA or Keogh deposit actually earns two times the average percentage increase in the Standard & Poor's 500 Index over a five year term. Yet it's 100% safe."

Double the S&P with no risk?

"I've only been in this business 25 years," confessed the president of a large brokerage firm, "but I can't for the life of me figure out how Citi can be offering people double the S&P."

Of course, there's a catch. No way could Citibank...

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