Curing Investment Fever
If you are a stock market investor, seasoned or otherwise, one of the most important lessons you should learn is how to keep your investment "winnings." Too many times, a large gain in the stock market will convince an investor that she is an investment guru--until she suddenly loses her earnings in a bad investment the following month.
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Do not let a big profit get to you. Some experts say that winning a large amount of money in a stock market investment can be just as mentally devastating as losing the same amount. Why? Because big winners will often catch "investment fever," and, so excited by their big wins, they will look again and again for the same earnings potential, and will ultimately lose all their earnings to the disease in the form of bad investment decisions.
Most importantly, do not think that just because you suddenly find yourself with a large amount of cash with which to purchase new investments, you should deviate from your past, successful investment strategy. Keep yourself under control, take a break from trading if you have to, and keep on a straight course.
We wanted to establish a bit of extra income. There was a good recommendation about ImmediateAnnuities.com on CNN. We also liked that we could see excellent reviews about them on Google. They were very thorough from our first inquiry to when we decided to buy our annuity from Mass Mutual. They always answered our questions promptly and followed up with the insurance company, too. We have been receiving our monthly payments since last November and couldn’t be happier. What more can we say?