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December 30, 2008 - Ben Feldman
The financial meltdown has caused investors to become frozen in their investment mentality. It is not surprising. But freezing in place and to wish for a quick turnaround are poor ideas in the face of uncertainty. There are things you can do but first you have to ask yourself if you have the stomach to hold on no matter what turmoil occurs. Also, you must realize your age is a key element in deciding what you do. The younger you are, the more time favors you. You may rationalize your investment losses as a dip now with a recovery soon. But when is soon? Also, if you were heavily invested in the market you may be the type of person who likes the risk, the gamble. If so, then you do not like the boredom of security and safety. You want the adrenalin of chance more than the knowledge there is a safe haven for your money. If that is you, stay in the market. For the safety conscious putting your funds in a safe place where you can realize decent returns, plus a guarantee you WON'T lose your money, is for you. The only safe place I know is the fixed indexed annuity. It has guaranteed rates. Plus, you participate in the market.But the market participation does not carry guarantees. Also, there is a fixed rate in the annuity plus a bonus rate. You can also have an income for life. In addition, there are no fees or expenses. This is the place now for the secure minded.
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