Except with a mortgage you're not running a risk that next year you will suddenly have an extra 50k added to your mortgage.
Actively managed money has a very nice angle going. They can charge money to actively manage your funds, while still getting to keep a share of any profits generated.
Insurance companies have to pay money to get access to the same funds, to do the same gambling.
It is somewhat insane that you can run a business where the choices are:
a) Do admin work to balance an indexed portfolio for price A
b) Gamble with money for price (B + X% of profits)
And somehow people feel its ok that the price of B is higher than the price of A.
Actively managed money has a very nice angle going. They can charge money to actively manage your funds, while still getting to keep a share of any profits generated.
Insurance companies have to pay money to get access to the same funds, to do the same gambling.
It is somewhat insane that you can run a business where the choices are:
a) Do admin work to balance an indexed portfolio for price A b) Gamble with money for price (B + X% of profits)
And somehow people feel its ok that the price of B is higher than the price of A.