
Let me pose this question, do you insure your home? Your Cars? Your valuable possessions?
Of course, you do. Why? You pass that obligation to a risk bearer, an insurance company, because you do not want to be exposed to risk or loss. It is human nature to wish to protect our possessions if something devastating occurs.
Now let me ask a critical follow-up question, do you insure your investments? Your retirement accounts? The sad fact is that many people do not take the same precautions for their essential money.
If your investments are in risk-based assets like stocks, bonds, mutual funds, and variable annuities, you may be exposing these investments to market risk. I am...