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On the Finances Blog

Bankruptcy: The Power of the Clean Slate

It doesn’t take many clicks online to find writing and advice on how to shape up your finances, even First30Days has a great financial advice section found here. There are...

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Our Having More Money Experts

Douglas Andrew

Douglas Andrew

Owner and President of Paramount Financial Services, Inc.

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Barbara Corcoran

Barbara Corcoran

Founder of The Corcoran Group and real estate contributor...

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Lee Brower

Lee Brower

Wealth trainer, consultant and author

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News

The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

Without a Net

If you are heavily invested in the stock market as a means of planning your financial future, you probably sweat a bit every time the market fluctuates. That’s a common reaction, and many investors are finding themselves sitting down with financial advisors in order to make sure they are secure.

As a result of the uncertainty that is pervasive these days, some advisers are offering stocks with “safety nets.” These are investments that essentially put more money in the pocket of the adviser and offer a very low return for you. If you hear the words "equity-indexed annuity" or "living benefit guarantee," head for the hills. That just means that your adviser is trying to offer you an insurance policy on your investment—and there is no real way to insure the stock market!

When the market goes down, just remember the advice of the experts—having more money doesn’t happen overnight! Find a smart adviser that can help you adjust your goals in a rational way, so that you’ll be ready for the future no matter what it looks like! [Money]



 

Posted: 4/3/08