112: Death: The Ultimate Financial Hedge

Everywhere I turn, it seems like someone is talking about how the market could crash any day. As I write this, I see that the Dow has taken a beating today because of the Trump "tough on China" rhetoric. Tariffs, rising interest rates, ballooned asset prices—is this baby going to blow or what? I don't know the answer to that. Last week, we had the Chief Economist of Fannie Mae on the show. He didn't know either. Jim Richards and Peter Schiff are confident we are doomed—but when don't they think we are in trouble? The reality is that, at any given time, we have no idea when there will be a correction. The only thing we do know is that what goes up must come down— that's about all. As for when, I can tell you that whether it's the housing market or the stock market, the other will follow. That's the way it works. You see, almost all of the asset markets are correlated. That means, they all follow each other. So, when one starts to tank, the others do as well. That's just the nature of the game. Now, does that mean you should stop investing? I don't think so. I think investing in quality assets will eventually lead to you coming out ahead. On the other hand, if it were possible to stay out of the line of fire—to invest in something truly uncorrelated with any market, would it make sense to do so? I think so. That's why I am an advocate of an asset class that few even know exists outside of Warren Buffett, Bill Gates, and some hedge funds. This asset class is backed why one of the few guarantees in life—death. In this week's episode of Wealth Formula Podcast, you'll learn exactly how you can take part in the ultimate financial hedge. Make sure to tune in! Shownotes: [00:07] Introduction [10:15] Buck introduces Tim Wright [11:35] What is life settlement? [16:39] "Is it legal?" Yes! [19:43] How has life settlement evolved? [26:17] The process of buying life settlement [32:03] Mitigating risks [37:07] Projection of life settlement [42:12] Outro