Can an Unsecured Personal Loan Help You Out in this Economy?

Wall Street's involvement

While unsecured personal loans have been around for a while, there are other options investment firms are trying to bring to the economy. Wall Street has plans to save the market, invigorate the economy and quell peoples' fears of investing. But are they realistically able to reach the novice investor or help his financial situation? A lot of their solutions play on people's need for security and impulsive nature, rather than truly create ways for everyday people to pay off their soaring bills.

Wall Street and the common man

Chief Investment officer of GenSpring Offices, Andrew Mehalko said, "When people are fearful, Wall Street comes out with products that try to make them feel good by promising safety." He states that this year 'principal-protected notes' are expected to be hot-selling investments. The big promise is that they protect your initial investment and may produce an increase in value. Taking a closer look at these notes however, brings to light their true nature. Sure they will return your investment, but they also have hefty fees that can cut into a large part of the ROI you may have gained. Remember the old rule of thumb when investing: low-risk, means low returns. Though the promised security of principle-protected notes can be attractive, they probably won't give you the investment value you are looking for. If your purpose was for them to grow your money so you can pay off more bills, you may be sadly disappointed. ... click her e to read the rest of the article titled "Can an Unsecured Personal Loan Help You Out in this Economy?"