I’m worth more dead than alive. I don’t mean that to be morbid, and no, don’t worry, I have no fear for my life. I’m just practical.
I have a wife and three kids who would be financially devastated were I to get hit by a bus.
Assuming I don’t die, the premiums I pay are “wasted” money. But I’m good with that because the consequences of not having insurance outweigh the cost of paying for it.
Likewise, my home is insured … and that ain’t cheap either. I pay a couple thousand dollars per year in homeowners insurance. I also have auto insurance, disability insurance, health insurance … the list goes on.
But this brings up a relevant question: Given the importance of my investment portfolio to my financial future … should I also have portfolio insurance?
My answer might surprise you, but it’s “no.” Let me explain…
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