Any financial choice has only three potentials: it will either improve your financial situation, harm it, or have no effect at all. If a financial choice improves one’s financial situation, then it would probably be a very popular choice. Equity indexed annuities are taking in billions.
The fact is, conservative savers are fleeing for safety because:
- Talk of U.S./global recession is widespread
- Banks continue experiencing massive losses
- Inflation is the highest since early 1980’s
- Rising unemployment becoming a big problem
- The sub-prime/housing problems will not go away
- Stock market is wildly volatile & nerve-wracking
Safety, principal guarantee & peace of mind are very much in demand. There’s only one safe money place to get upside potential with zero downside risk — index-linked annuities.