Statistics

[Arthur Rudnick]

I never knew this report existed. I'll read through it, but by glancing at a few pages, I came across this:

During the first contract period, FLTCIP invested 100 percent of its assets in short-duration fixed-income bonds. FLTCIP's new investment strategy involves investing a portion of the program's assets in fixed income bonds of a longer duration, while investing another portion in public equities.

Since when does a LTC insurance company invest their Reserves in the stock market?

 

[CALTCAgent]

go to page 26 of this document. the numbers add up to 100%.

http://www.gao.gov/new.items/d11630.pdf

Thanks!

Maybe there are some nuggets of useful info in there!

 

[djs]

What's wrong with investing in equities?
I'm assuming they have relatively safe investments, like mortgage backed securities... oh wait, maybe not.

I know they used to invest in safe energy stocks, like Enron... ooops, maybe not.

Without a doubt, they use large cap stocks like General Motors, after all, they can't possibly go bankrupt??? Now, I heard a rumor.....

You could use T-Bills, but there is no return on them AND haven't they just been downgraded to almost junk status? Well, maybe not that far....

It's hard to make a buck in any investment right now!!!!

Dan