This Crazy Stock Market - How To Protect Yourself...
Monday, the day before Christmas, the market went up ober 1,000 points. But between last Friday and so far today, all of gains were taken away by market declines. In fact, inj the last 1 month, the market is down 14% as of this writing wiping out most if not all of last years gains as well.
What to do? How to protect yourself? I do have a crystal ball and would never attempt to tell anyone when they should jump in or out of the market. After all, missing a few key days of gains could all but eliminate your profits for the year. Conversely, missing a few losing days like last Friday and today could have preserved many of your gains. SO, WHAT IS THE SOLUTION?
There is no perfect answer but for those who need to preserve their wealth I highly recommend an Index Annuity. Not for all of your wealth, but I recommend that you consider jumping in with as little as $25 - $100,000. Why?
First of all, some annuities will offer an immediate bonus of up to 10% which will help to recover some if not all of your recent losses. Second, your account balance will always be the higher of the amount you deposited and/or the highest value you achieved during the life of the contract. You can enjoy market gains while never having to worry that your account balance will decrease year to year!
The funds you deposit are held and managed by internationally well know banks and financial institutions. Your funds are never co-mingled and subject to the creditors of the insurance company.
Funds grow tax defered and are never subject to creditors in either state courts or in Federal bankruptcy courts. Your money is always available although subject to substantial penalties for early withdrawal.
For more information with no obligation please emails me at [email protected] or call me on my cell phone at 954.214.1045. I look forward to speaking with you soon!
Mike Weinberg