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Mixed Reactions to the Downturn.(Credit Counselor)(Survey)

Mortgage Servicing News

| December 01, 2008 | Dymi, Amila | COPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Amila Dymi

Questions about the current recession and the best ways to manage money in tough times are proliferating as fast as recommendations given by professionals.

Some are fast to applaud even sporadic better news. Others refuse to acknowledge the good news given the overall nightmare of bad news.

I have heard quite a few mortgage veterans say these are unfortunate times that are not short of once in a life time opportunities for those who know when and how to take on investment risk, or play their cards right.

Judging from survey findings the old saying we all learned in elementary school "Knowledge is power!" holds true especially among investors.

An online "pulse" survey conducted by Certified Financial Planner Board of Standards Inc. shows 78% of the U.S. investors served by certified financial planners "are standing firm" with their existing financial planning strategies.

"In contrast to the many Americans who have reacted to recent market fluctuations with fear and sometimes drastic changes in their financial strategies, individuals who are working with CFP professionals are responding to the same situation with confident and measured approaches," said CFP board CEO, Kevin R. Keller.

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Source: HighBeam Research, Mixed Reactions to the Downturn.(Credit Counselor)(Survey)

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