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Dear MF,
I guess this is the right place to post this.
The 31 July issue of The Economist has an article on a pensions strategy developed (?) by Philips.
Ageing members of the scheme can have 92% of any portion in cash and derivatives, 8% goes to buy six month call options, on expiry take profit if there is any or lose the 8% (the 92% meanwhile has gained x%). Apparently Dresdner RCM (who designed it) are offering this in Germany and Scottish Life in UK.
Does this sound like a nice Foolish weapon or what? And does anyone know of a North American product that does the same? I am Canadian resident, but invest in Dow FF, but at 58+ am looking for foolish diversification all the time.
I guess we in-process-of-becoming fools could apply the same strategy as individuals, the question being Which Call Options, each six months?
Any comments, or information?
PereUbu, Calgary
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