News Analysis; RX Deals South of the Border; Dolans On -- The Street; News Anchors: Changing of the Guard, CNNfn - Part 2.

(From CNNfn News)

Byline: Ken Dolan, Daria Dolan, Jay Conroy, Casey Wian

UNIDENTIFIED FEMALE: I try to watch it as often as possible.

KEN DOLAN: Good. UNIDENTIFIED FEMALE: I just want to tell you that I`m opposed to our investing our own money because I don`t think enough of us . . . KEN DOLAN: In Social Security?

UNIDENTIFIED FEMALE: In Social Security. Because I don`t think enough of us know enough about investing.

KEN DOLAN: I agree.

UNIDENTIFIED FEMALE: And I want to say, on a personal level, that my family lost our entire savings in the last bust, which was like $100,000, and it was for retirement. And we lost everything when all these companies . . . KEN DOLAN: The tech stocks and the dot coms and stuff.

UNIDENTIFIED FEMALE: Exactly. And so if you get a Morgan Stanley or this one or that one or the other one, you know, giving you advice on stocks that they own and are promoting and whatever, and then those stocks go bust but they`ve made their money and you`re left holding the bag.

DARIA DOLAN: Exactly. KEN DOLAN: So you`d rather have a guarantee, Andrea. Knowing what you have, as little as the return may be, you`d rather have that than maybe doing better. All right. Not risky.

DARIA DOLAN: Which is why we allow Wall Street to dictate the wrong philosophy regarding investment of retirement funds in my opinion. People should be putting the safe income producing, fixed income assets in their retirement plans. For the main reason that if you buy quality, it`s going to, no matter how small the drop in the bucket, increase that retirement that you`ve got invested. The stock portions of people`s portfolios should be with discretionary, in other word, money you can afford to lose, outside of the retirement plan. Try and go for the gold with that discretionary capital. But at least if you lose it, you can take a tax deduction on the losses, which you can`t do when you lose your retirement income in tax deferred accounts.

KEN DOLAN: Thank you, Daria.

Thank you, Andrea.

And thank you, Lauren, in Chicago for joining us.

Hi, Lauren. UNIDENTIFIED FEMALE: Hi.

KEN DOLAN: How are you?

UNIDENTIFIED FEMALE: Good. How are you?

KEN DOLAN: I love your colorful hat and your scarf.

UNIDENTIFIED FEMALE: Thank you. I love it too.

KEN DOLAN: What`s up? What`s your question, Lauren?

UNIDENTIFIED FEMALE: OK. I have a question about refinancing my car. I have a really high interest rate and I love my car. So is there anything I can do? Or can I get my payments any lower? Because I have high interest.

KEN DOLAN: Roughly what is it, do you know, Lauren, in terms of . . . UNIDENTIFIED FEMALE: It`s 9.9.

KEN DOLAN: Yes, I think you can do better than that.

DARIA DOLAN: Well, but we have a slight problem. KEN DOLAN: How`s your credit?

CALLER: My credit`s really good now. It wasn`t good before but it`s a lot better. KEN DOLAN: All right. OK. DARIA DOLAN: There`s always a problem, though, in trying to refinance a car loan because, don`t forget, a car, unlike a house, is a depreciating asset no matter how great a car it is and how much you love it. Now that`s not to say you shouldn`t try to refinance it. But it depends on the length of the loan initially. How long was it when you first took it out?

UNIDENTIFIED FEMALE: Well, let`s see. It`s been three and a half years now.

DARIA DOLAN: And it, what, a five-year loan?

UNIDENTIFIED FEMALE: Five year loan, yes. KEN DOLAN: On a 60 month, OK.

DARIA DOLAN: You run the risk of finding out that you`re now upside down on the loan. In other word, the car`s worth less than the amount you still owe.

UNIDENTIFIED FEMALE: Oh, I don`t like that.

DARIA DOLAN: It`s worth checking it out first and then I would do some Internet searches on loans. You know, e-loan.com and it`s not commercial but places like that where they do all sorts of loans to see if you can do better.

KEN DOLAN: Yes. You know what you can do, Lauren, you go back to the company that`s financed it, see if they will, in fact, do a refinance with you. If …