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Old January 11, 2013, 10:22 AM   #43
Senior Member
Join Date: October 9, 1998
Location: Ohio USA
Posts: 7,882
because people ARE nervous about supply. BUT, we've been through this before... and it has always been temporary.
As I watched my variable annuity shrink by $1000.00 a day last year, and was helpless to do anything about it....I was reminded daily with a very annoying message...

"Past performance is not an indicator of future success"...

BTW - a relative bearing on this thread....
I cashed in that annuity online and had the option of either faxing my signature on the document or mailing it. I decided mailing it would be ok since I wasn't in any real hurry for the money.
W/no warning at all, the next day the annuity tanked and lost $1,000.00 and it contined to lose $1,000.00 a day for each of the next three days it took for my mailed signature to get there and be processed.

So.....yeah, I'm pretty hesitant about shooting up what I've got. Any funds to replace it have vanished.
Hal is offline  
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