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Author: FoolForGod Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Sell Out Annuities, Buy Stocks? Date: 12/23/1999 11:26 PM
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I'm 38 years old and I have roughly $23,000 in an annuity that I haven't contributed to for several years. It just keeps growing at about 12-15% per year. About a year and a half ago, I began investing with $4000 from the sale of a house and put in another $800 or so. Now that account is over $8500.

My Question: Should I take the money out of the annuity and put it to better use out here in the "foolish" world? What are the pros and cons?
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Author: washu Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 16857 of 76418
Subject: Re: Sell Out Annuities, Buy Stocks? Date: 12/25/1999 1:57 AM
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<< I'm 38 years old and I have roughly $23,000 in an annuity that I haven't contributed to for several years. It just keeps growing at about 12-15% per year. About a year and a half ago, I began investing with $4000 from the sale of a house and put in another $800 or so. Now that account is over $8500. >>

Well, check out some Fool portfolio numbers:
http://www.fool.com/strategies.htm

However, do NOT invest in stocks until you've done your research. Here's the Fool's School:
http://www.fool.com/school.htm


Washu! ^O^

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Author: middlearth Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 16882 of 76418
Subject: Re: Sell Out Annuities, Buy Stocks? Date: 12/26/1999 11:49 AM
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The question of whether or not you should break the annuity can REALLY be best answered by you alone! Basically, it may depend on a few factors such as your overall investment strategy; i.e. whether you like the "pyramid" or you can stomach the "fast lane." You must also consider your age and time horizon- age at which you hope to retire. As a Foolish investor, the principle of a "safety net" is always worth considering- do you have one, besides this annuity? So, evaluate ALL the aspects of your life and circumstances before making a decision. And try to avoid the "all-or-none" approach. I hope this has been helpful.
Eddie

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