Not exact matches
Remember that the investor lost their stock and bond exposure so now they suffer an even greater
loss since roughly 66 % of their portfolio (as assets not dollars) is now gold and real
estate.
Insurance may help protect against some catastrophic
loss, but if the real
estate market tanks you could easily lose 20 % -40 % or much more (especially
since real
estate is typically a leveraged investment).
It warned in a statement that omitting
estate administration, which involved handling a deceased person's money and assets, posed a «huge risk» to consumers
since sums often amounting to hundreds of thousands of pounds were «susceptible to
loss due to fraud or theft» during the process.
We haven't had to pay taxes
since 2012 due to real
estate losses and the real
estate being active, not passive.