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Investing/Strategies / Retirement Investing
|Subject: Re: Hi gang... wow!!!||Date: 9/18/2013 8:52 AM|
|Author: Dwdonhoff||Number: 73018 of 77135|
Executive Life annuity policy owners had their annuity payments decreased recently: http://www.post-gazette.com/stories/business/news/broken-pro......
Yep... let's call that "death by lightening strike." It's bad.
Then there's death & dismembership by automobile... (i.e. naked investing.)
It's an issue of frequency. Exec Life is the only example of a fixed life company failing that you or anyone else has found (maybe some other failure as escaped the internet... but that's even less likely.)
Exec life gave 1,500 people, 15% of its policy holders, a 53% drawdown.
How many people took a 40%-53% principal hit by investing naked (regardless S&P or any other markets)?
And how *often* do naked investors get hammered this way?
As I said.... the two strategies are not even in the same universe regarding risk.
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