re: Tomorrow could be a rough one

quote:

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In the long run I've paid more premium than I have received benefit. But even that isn't as obvious as it would seem. In the long run when I've collected the insurance settlement, it has allowed me to buy at near market lows, or at a minimum, lower lows. It worked perfectly during the great recession, and the bull market that followed.

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Why couldn’t you just save this premium in a money market account and then buy even more stock at the “near market lows”