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Chris Hansen from Dateline NBC devoted an entire hour on April 13, 2008 to the topic of equity-indexed annuities and the unscrupulous tactics sometimes used to sell them to seniors.
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If I told you about a popular investment product that was yielding 40% less than it did last year, you'd probably think it was one of the great financial meltdowns of 2008. But, what if I also told you that investors seemed indifferent to this product's decreased yield and were actually accelerating their rate of investment? Quite a paradox, no?
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I'm short on notes today, but heavy on great information in the audio of the show. I first provide my detailed perspective on the performance of the market in the first quarter of 2008. I then talk at length about staying focused on why you invested in the financial markets in the first place.
Brian Preston, CPA, CFP®, PFSCertified Financial Planner, Wealth Manager, Media Personality, and Blogger/Podcaster
In my day job, I'm a partner in a fee-only wealth management and financial planning firm, Preston & Cleveland. After hours, I pursue my passion: financial education through blogging and podcasting.
Going "beyond common sense", my blog and podcast bring you the tools and information you need to restore order to your personal financial chaos.
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You only have to do a very few things right in your life so long as you don’t do too many things wrong.
— Warren Buffett
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