Hi AJ, I continue to think your risk management process is ignoring a significant risk of entrusting all of your assets in a contractual obligation with a single entity, with only a state guaranteed insurance fund that will pay out up to $100k (in many cases) if the entity fails. Sure, it's an improbable event - probably just as improbable for any individual as their daughter contracting a rare disease that is curable only in Australia.Not even close... not even in the same universe.People are forced to liquidate their retirement investments while underwater *EVERY* *SINGLE* *SIGNIFICANT* *MARKET* *DRAWDOWN*. Without exception! 100% frequency!When was the last time anyone lost any (let alone all, in a 'ruin event') due to a fixed life company going titsup?What has been the frequency?That's what I thought.... not even the same universe of risk.Dave DonhoffLeverage Planner
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra