Brompton Lifeco Split Corp T.LCS

LCS unit nav in realtime= approx: $16.18 after dist

[mouserman]

So bit of a pullback today, but the discount pretty attractive and we can see  the lifecos faring much better than the banks. LCS has only lost 9 cents since last thursday, and amazing it seels off more than FTN FFN or the ones that are really getting slammed.

[Experienced]

Yeah - This all quite strange and if anything it demonstrates a lack of understanding by many on the nature of risk associated with banks compared to life insurance companies. In simple terms, if a bank lends money to a client and that client defaults on their loan and can't pay it back, the bank is out that money.  Plain and simple.  So if the economy goes into a recession and lots