About this episode
Most of my listeners know I have been a financial planner since 1972, and my clients ask me, “what is the safest investment I can get into?” The answer may surprise you. Of course I have a diversified portfolio. But where do I keep my cash? Even though I’m a registered investment advisor, I keep my cash in the reserves of whole life insurance. I’ve heard whole life insurance discredited by many financial entertainers who really don’t know much about the real world. I’ve kept my money where no one has lost a dime since the founding in 1851. It’s been paying me about 5%. In the event of my death I will leave a lot of money to the people I love. Whole life insurance may not be for everyone. For someone like me who likes to invest money in the stock market, I like to know I have enough cash and that it’s SAFE.
#Political/Conservative/Judeo/Christian/Constitutional
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