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The Dog Days of Retirement

My wife and I own two dogs: a $75 reject from the Humane Society named Gater and a $3,500 full-blooded black Russian Terrier named Stella. Two totally different dogs with two totally different personalities and temperaments.


Gater is laid back and wouldn’t hurt a fly. We have no clue about his stock or where he came from. Heck, we don’t even know his age. But who know and who cares? Gater is a great dog.


Stella, on the other hand, is a 90-pound show dog bred to be a guard dog. To say she’s beautiful and full of personality would be an understatement. But unlike Gater, whose temperament is very predictable, Stella’s is not.


Stella 12 Gater and Stella


I feature Stella on my weekly TV show, so everyone seems to want to meet her when they come to house; no one seems too interested in plain ole’ Gater. Yet, Stella is not for the faint of heart. Based on her high maintenance, cost, and unpredictable nature, dog experts warn not to get a dog like Stella unless you know a lot about raising dogs.


So which dog is the best to have around? Well, that depends.


It depends on what you’re looking for…a laid back, not so beautiful, very predictable $75 dog like Gater, or a very expensive, beautiful, yet sometimes volatile dog like Stella.


Believe it or now, choosing the right financial product(s) for you is similar to choosing the right type of dog. That’s because financial products, like dogs, come in all sorts of varieties, breeds, and personalities. Some investments are laid back and slow growing, but over time, very predictable (like Gater.) “Gater-Products” include fixed annuities, hybrid annuities, government bonds, and bank products.


On the other hand, if you’re in the mood for a more challenging, potentially high-flying product, like stocks, REITS, mutual funds, gold (you know, things that are unpredictable,) then maybe a “Stella-Product” is more your cup of tea.