Would you risk your money on a hurricane?
August 25, 2011 2:27pm CST
With the hurricane approaching the USA, I was looking for news about it when I discovered "catastrophe bonds". Intrigued, I did a search and read a little about them. They are yet another investment gamble, but these actually benefit insurance companies. I wont try to explain them since I am certainly not well versed on the subject - I've only just discovered them. I'll leave it to you to do your own search and reading. However what came into my mind is this: Everyone wants to make money online, and yet most are prepared to face the possibility of losing money. Catastrophe Bonds offer just this! High interest returns or everything lost! These bonds are not generally available to individual investors but can be purchased through investment fund companies. Wouldn't this be better than risking your money in PTC's and such? All legal, and without scams. I know you will have to read it up first before responding, but what do you think? Is it a better high risk investment? Is it even good for the country?