Can’t Wait to See the Lawsuits with Bitcoin

When this Bitcoin thing finally comes down, there will be lawsuits all over the place.

I wonder if any of them will be criminal. Maybe. Maybe not.

If you can’t see why this thing isn’t going to work long term, I don’t know what to say to you at this point.

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Another Way Indexed Insurance Could Bomb

“Heads you win, tails you win” is one of the favorite sayings of the insurance salesman.

I’ve seen a lot of insurance products promoted this way, as is the case with indexed insurance, the popular product of today’s era. It is a complex insurance product, packaged in way that makes the policy owner believe they can’t lose. If the stock market goes up, they make money. If the stock market goes down, they stay even.

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Indexed Insurance – This Probably Won’t End Well

Indexed life insurance and annuities are hugely popular. I suspect they will sorely disappoint their policyholders over the long term.  The reason? Well, this is what always happens with these waves of popularity in life insurance.

Background

To understand why indexed insurance will likely be a lemon, you have to understand some history about other insurance products.

Variable Insurance (Late 1990s and Early 2000s)

During this era, variable insurance became popular. That is, insurance where your cash value can ...

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Bitcoin Won’t Work. I’m Really Serious About This.

I’m going to publicly forecast that Bitcoin isn’t going to work.

Apparently the market price of a Bitcoin has reached the $600 mark. Is Bitcoin just like other money or commodities, or not?

There are two important factors 

1 ) Will a military accept Bitcoins as payment?

No. (Although if a military ever did, that might change things)

2) Does it have any useful physical properties?

No. It isn’t shiny, it isn’t ...

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Interest Rates Are Not Sure to Rise

It really, truly, is not a sure bet that interest rates will rise in the near future, although most people you ask would beg to differ.

Interest rates are up a bit this year. Does that mean they will keep going up?

I remember in 2002 when interest rates hit record lows. The general narrative at that time was, if we knew one thing, it was that rates ...

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Bond Yields are Low. So do you want the Truth?

There are two basic approaches. There is the honest approach, and there is the predatory approach. You can pick which one you want.

We are all acquainted with the fact that bond yields are low right now, and this can be frustrating. Low yields means less income from the bond portion of your portfolio.

So what do you do? 

I was treated to a presentation recently from William Bernstein. Another advisor in the ...

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