General Discussion
In reply to the discussion: I've lost 30% [View all]PoindexterOglethorpe
(25,839 posts)Two out of three years the Dow goes up. Investing and hanging in there is the best plan.
My advisor is wonderful. He is politically far more conservative than I am, but we tend to avoid such conversations. He explains his investing strategies in appropriate detail. He makes sure we speak at least four times a year, and sometimes more often. He doesn't want me to be left behind, not understanding what is going on with the investments.
I am very happy with what he's done for me. One thing is that about a decade ago he got me into two annuities. I know that annuities are generally trashed here on DU, but trust me, they can be wonderful. As mine have been. About two years ago I started taking payouts from them. The payouts are guaranteed money. One annuity has actually upped its payout twice in the past two years, because the basis has increased, hence the increased payout. Not a lot of money, but still nice.
The other investments through him are such that while on the up side I may not go as high, the down side is much lower than the Dow itself. Which is very reassuring. The end result is that I have a stable income, and stable investments. I am very fortunate to have this man as my investment advisor.