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« Why Experts are so Wrong | Main | Reader Profile: JR »

May 02, 2012


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Back in 2000 I would invest money in GMAC Demand Notes which gave you around 2% better than just about anything. These were not FDIC insured. The thought was if GM was in trouble then the world was in trouble. Well the world was in trouble in 2006 and so was GMAC. That is when I pulled all assets out of GMAC. That is when I went back to FDIC or NCUA insured account. It is all a matter of your risk tolerance which is low in comparison to back then.

Insurance companies hedge risk when approving or denying new clients. Therefore should they not bear the risk/reward of paying claims to clients regardless of their activities, aside from those that break the law or break the answer one gives on those Life Insurance questionnaire forms?

Thanks for the include FMF! See you in colorado!

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