Over just a few decades, the Behemoths’ clever public relations firms and their ill-informed minions managed to move almost every dollar that belongs to you and every other American into either debt or equity over which you have no control. There’s just no room for savings in this scheme of things so the Behemoths sell you term insurance to keep you from putting your money in whole life insurance and local savings accounts where you control it.
This post recounts an email exchange with a credentialed financial advisor. The content has not been modified but the name has been changed and the credentials eliminated to avoid implying that there is any relation between one advisors opinion and the position that might be taken by the credentialing body.
Stephen,
Thanks for your comments.
Although they do not [...]
Where do mutual insurance companies keep their money? Bonds are a staple of mutual insurance company investments. Opponents of whole life insurance from mutual companies say returns on bonds simply don’t compete with the equity [aka stock] market.
BUNK - AGAIN!
Below is an amazing chart extracted from John Maulden’s Weekly Letter that should make every “buy [...]
“They call me Mister Tibbs.” In the Heat of the Night, 1967
Jack and Theresa relied on the same financial advisor for over ten years. When Jack got a new job in a new city on the other side of the country that relationship became untenable so the couple went looking for a new advisor. After [...]