With investor anxiety running high, advisors may be wise to take a fresh look at a time-tested asset that is completely uncorrelated to equities or fixed income: whole life insurance.
The rejection over the risk of fraud and manipulation in the spot Bitcoin market is “capricious” and “discriminatory,” Grayscale wrote in a court brief.
Individuals ages 21 to 42 with at least $3 million in assets have only a quarter of their portfolio in equities, compared with more than half for those who are older.