This is totally backwards. They are not insurance. They don’t guarantee anything in a downturn. They don’t gain their profits from premiums or from ratio of customers paid out.
Just like other managed funds don’t make promises but market themselves along a certain strategy. They market themselves along a different strategy.
Universa is a fund. They returned 100%+ on every dollar invested. End of story. You can think of them ‘like insurance’ or ‘like a casino’ but it’s ridiculous to pretend they are.
Just like other managed funds don’t make promises but market themselves along a certain strategy. They market themselves along a different strategy.
Universa is a fund. They returned 100%+ on every dollar invested. End of story. You can think of them ‘like insurance’ or ‘like a casino’ but it’s ridiculous to pretend they are.