Received the annual policy statement from XXX Insurance Co that the previous projected maturity value has been revised to current projected maturity value reducing by -5.8%. It was revised last year and further revised this year. Really suck! And you only know the final outcome after years of trusting them. This is for my children Uni Fund maturing in this Oct 2009.
I am not quite sure how you people plan your children Uni fund?
Read? Endowment plan as investment - really suck!!!
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May be worth having a look at this asset class now – from Howard Marks memo
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Howard Marks is a veteran investor and co-chairman of Oaktree Capital
Management. He published his memo about his observations and thoughts on
the mark...
2 hours ago
