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Structured Products: Another “Safe Investment†Bites the Dust
At an Oxford Club chapter meeting in Asheville, NC last summer, an attendee asked me what I thought about Wall Street’s much-ballyhooed “structured products.” My answer was brief.
“Not much.”
Today I think even less of them, as investors have lost billions in these so-called “safe investments” – and many are set to lose more.
Let me briefly explain how structured products work, why so many of them haven’t turned out to be the safe haven investors believed they were, and how you can avoid making a similar mistake in the future…
What Are Structured Products?
Structured products are securities that are sold as an…
20Nov2008 | Investment U | Comments Off | Continued
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