No. of Recommendations: 0
I had occasion to consider the annuity question a few years back when my grandmother died and left my brothers and me a nice portfolio (divided 3 ways). My step-grandfather, who was quite savvy and had quadrupeled her investments, thought that my younger brother should have his converted to an annuity because he was financially niave and had no reirement funds.

I decided that he could learn about stocks, and he has! He has done a lot of studying on financial matters. He has added some new stocks (technology) and sold a couple of losers, but most importantly, now feels that he has learned enough so he can indulge himself by investing very modest amounts in his passion - railroads. Everyone should have a stock that they are passionate about - it makes investing that much more fun - and sometime scary. Just make sure you are using "fun money" when you do it - not the mortgage money.

Oh, yes. You still have to sell the losers.:(

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