Liquidating mutual

16-Aug-2019 00:17

It may not be the latest junk bond-heavy mutual fund, but moments ago another iconic name in the asset management arena, Andy Redleaf's Whitebox Advisors threw in the towel on rigged markets and announced that it, too, has closed its mutual funds ahead of a January 19, 2016 liquidation. Or maybe the new overlords come intead with a light saber. If I had been the founder of Whitebox and had made a shit ton of money for my clients, this is the exact time I would get them all out of the market.According to the funds' overview, "Whitebox Mutual Funds are managed by Whitebox Advisors LLC, (“Whitebox” or the “Adviser”) an SEC-registered investment adviser, founded and led by visionary investment manager Andrew Redleaf." It appears his vision got clouded when the market would no longer levitate every single day. I would liquidate, give them their money back, and tell them why.Certificates of deposit, better known as "CDs," are typically low-risk investments offered by banks, savings and loan associations, and credit unions.

With growing uncertainty about the continuation of Social Security benefits, the potential for increases in taxes, the rising cost of medical and prescription expenses, and the looming threat of long term care expenses, seniors have a lot of areas that directly affect the quality of their retirement over which they have no control.

To add the possible loss of the principal value of their fixed asset base to this ominous list, due to fluctuations in the market, is not only unwise, but is irresponsible.

And any broker or advisor who continues to place these seniors’ assets at risk is the one who should be chastised for endangering the financial security of our elderly population.

Generally speaking, the interest you're paying on the debt is likely to be higher than what you're earning from the mutual funds.

This may not be the case, so you should check your accounts to see what the interest rates are and how they compare to your returns from the funds.

With growing uncertainty about the continuation of Social Security benefits, the potential for increases in taxes, the rising cost of medical and prescription expenses, and the looming threat of long term care expenses, seniors have a lot of areas that directly affect the quality of their retirement over which they have no control.To add the possible loss of the principal value of their fixed asset base to this ominous list, due to fluctuations in the market, is not only unwise, but is irresponsible.And any broker or advisor who continues to place these seniors’ assets at risk is the one who should be chastised for endangering the financial security of our elderly population.Generally speaking, the interest you're paying on the debt is likely to be higher than what you're earning from the mutual funds.This may not be the case, so you should check your accounts to see what the interest rates are and how they compare to your returns from the funds.You'll get a more accurate estimate when you start your transfer online.