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Gaining Perspective

Aug 1, 2019

Recently, a client came to Allan Roth with a net worth well over $10 million. He had enough money to support his family’s desired lifestyle for the rest of their lives, but not so much that he could withstand a large loss without cutting back substantially. Yet this client owned more than 130% in risky assets, meaning he had far more debt than fixed income. Much of the debt was in a variable rate margin loan against his brokerage account. Listen to Allan discuss what happened to this client.