Want Some Clarity on Money?

My latest presentation was entitled:

"Want Some Clarity on Money? Recession, plus Market Volatility and a Credit Crunch=Uncertainty." 

One of my points about investing is how the fees involved with mutual funds can have a devastating effect on your portfolio over a lifetime.

Phil Town in his latest book 'Payback Time' writes:

"Fact: Mutual fund managers get rich at your expense-stealing as much as 60% or more of your returns over your lifetime through fees. Fact: The average individual will need more than $3 million to be financially independent in retirement in twenty years, and won’t get there with mutual funds. Not even close. Fact: 96% of fund managers can’t equal the historical market average return of 8% per annum. When the market goes down, they go down with it, no matter how “low-risk” their funds are supposed to be."(4)

I really try to read a book a week, and Mr. Town’s investment books are the best I have ever read.

Do yourself a favor, and get a copy of one of his books today.

Do you want some clarity on money? If mutual funds are not a good investment choice and a 12-month CD is currently paying 1.5%, what should you do with your money?

Go to my website, www.TheDegeorgeAgency.com, and let’s get a conversation started.