Just when you thought it was safe to buy into the banking sector. Not really if you have followed any of my rantings, we are staying away from this sector.
Bad news a plenty here folks. Another bank goes insolvent. This makes so far this year as many as all of last year.
Batten down the hatches. This goes for life insurance as well. Although states have what is called a re-insurance fund where any carrier that wants to place business in that state is required to take on the burdens so to speak of carriers that go insolvent.
While I feel safe with carriers given the track records, it does not mean that there wont be some times to wonder.
Why this on an options blog? Because many of the insurance companies are stock companies and as such you can trade the stock. So lets say for example that my retirement is in XYZ insurance, you can now hedge against this. Buy some puts.
Tell your friends
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