FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
That is the way the uber-weathy handle their money. They don't buy VAs.
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No, they buy hedge funds, structured notes, TONS of life insurance, REITs, lease buyback programs, etc.
Most of them don't own a lot mutual funds either, they own individual stocks and muni bond ladders,etc.
They don't do many CD's either, they are tax sensitive folks.......