Word: illiquid
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Dates: during 1990-1999
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There are other pitfalls. In many cases, if the viator lives longer than expected, investors can end up having to pay premiums to maintain the policy. And unlike stocks or bonds, these are highly illiquid investments. That means that in the event of an emergency, there's no quick, easy way to get your money back...
...They're investing in illiquid assets thatmature over many years and for anyone'scompensation to be heavily weighted toward thenear term in that sort of circumstance is absolutelunacy," the source said. "It's a license to stealin the hands of those inclined to do that...