Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

Is northwestern mutual a good investment for your money? ?

I am wanting to invest my money and my friend works for northwestern mutual. Is it a good investment to go with my friend through them? 

Update:

Should say I’m 23. In college for a graduate degree and work full time. 

6 Answers

Relevance
  • Steve
    Lv 6
    2 months ago

    Keep anything to do with friends and your investing life separate. Youll be much better off for it.

  • kswck2
    Lv 7
    2 months ago

    No. NEVER take the advise of a 'friend' that happens to work at a particular company. Do your own research. 

  • 2 months ago

    No. Life insurance is for covering your liabilities and taking care of dependents. You are better off investing the money yourself rather than pay insurance premiums.  

  • Anonymous
    2 months ago

    No. You get smaller returns than you would with an index fund. And it can add up a LOT over 30-35 years.

    You should invest in an S&P 500 index fund.

    Life insurance is a different animal and you should buy term if and when you need it. For less.

  • How do you think about the answers? You can sign in to vote the answer.
  • 2 months ago

    i would ask your friend about it

  • Judy
    Lv 7
    2 months ago

    Insurance is not a good investment unless you die real young, then it's good for your survivors.

Still have questions? Get your answers by asking now.