A. Yes, it's possible to sell your life insurance policy, it's called "Life Settlement". But the key is to find an interested buyer, who are usually interested in your policy if it's profitable for the buyer, for example, your policy has a large death benefit amount, and your health condition has deteriorated considerably, but you couldn't afford your policy's premium anymore.
Q. Can I sell my life insurance policy?
A. Yes, it's possible to sell your life insurance policy, it's called "Life Settlement". But the key is to find an interested buyer, who are usually interested in your policy if it's profitable for the buyer, for example, your policy has a large death benefit amount, and your health condition has deteriorated considerably, but you couldn't afford your policy's premium anymore.
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Q. I don't want to use credit card, but I miss some cash back opportunities. Is there a solution?
A. For people who are not comfortable using credit cards but missed the cash back opportunities with credit cards and the chance to build solid credit histories, Debitize is a good tool - You will use credit cards, but Debitize links your credit cards with your checking account. Each time after a transaction, Debitize moves the same amount out of your checking account, just like you used a debit card. In this way, you will never spend more money than you have. Q. What happens to my IRA money after my death?
A. While this might seems like a simple question, but depending on who are the beneficiary of your IRA account - is it a Trust or not? Is it your spouse or not? There could be different consequences, and could impact the timing of RMD and other actions, see a great decision tree below. Q. What will be a good investment when interest rate rises?
A. If you are an income investor, when interest rate rises, you should look for investments with interest payment adjusts upward. A good example is Fidelity Floating Rate High Income (FFRHX). It invests in variable-rate bank loans made to companies, and has a yield about 4%. Q. If small cap stocks tend to outperform large cap stocks over the long term, why not more people buying small cap stocks and consequently removing such performance premium from small cap stocks?
A. This is one of many investment anomalies that could be best explained by Behavior Science. Wikipedia has a long list of cognitive biases. Some of the well known and closely related to investment are:
For example, we all know some of the famous big tech names, such as Apple, Amazon, etc. so when we invest, we tend to invest in names we have heard of or have used their products rather than the unknown small cap stocks. If you could overcome such human behavior biases, you could potentially capture some of the "premiums" exhibited by various investment opportunities, such as small cap premium (over large cap), value stock premium (over growth stocks), etc. |
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