Mar 11, 2009
A Time To Invest?
Early today, I met with agents of a bank to discuss their financial products, from dividends enhanced life insurance, education and pension plan. We also discussed a little of their Pre Need product since this industry is fighting for survival. Though, I find most of their products enticing, my objective is to get the best proposal for the retirement plan of the company.
It made me think though, whether this is the best time buy a plan, and invest.
I’m not sure of people’s sentiment. Whether people will continue to hold on to their money until things get better, or because times are hard, people will desire a little security, thus, invest the little money they got.
The economy needs more money in the system to stay alive, but there is so much negativism in the atmosphere. Add to the fact the recent scandal that rocked the legacy group. This will make you think twice before you entrust your hard earned money to others.
In my opinion, it is better to invest your money in plans that guarantee dividends, rather than keep it in the bank. As long as, you background check and did your homework.
What about you, will you invest or wait a little while?
