In the last several days the volume of calls have increased and the common question is "Should I go to cash?"
Insights & Other Important Communication
Have you ever seen the headline "Don't panic. Everything will be okay"? I never have but strangely enough, despite many complicated global problems, everything usually turns out okay. The message of calm and peace just does not draw an audience as large as the message of doom and gloom so our news is seldom optimistic.
Iowa is generally on the leading edge of regulatory issues. Last Friday the State Insurance Division issued two significant Commissioner's Bulletins. Both titled Licensing Requirements and Permitted Activities, bulletin 11-4 is the insurance version and bulletin 11-S-1 is the securities version. These documents detail both permissible and prohibited activities of "Insurance-Only Persons" and "Securities-Only Persons".
It is really interesting when completely separate components of your life intersect. This happened to me when I read a Runner's World magazine article in which Ambry Burfoot referenced a recently published Yale Study "Mind Over Milkshakes". A non-technical summary of the study can be found at the Mother Nature Network website, but I can give you a quick synopsis.