Journal Sentinel
Milwaukee WI
Oct. 20, 2012
Aggressive investment strategies backfired for people’s prepaid funds
Investments managed by the Wisconsin Funeral Trust – marketed to consumers as a safe place to invest cash earmarked to cover their funeral expenses – have had a shortfall of millions of dollars every year since 2008, one year after the fund’s investment advisers called for putting money into the stock market and other riskier investments, records obtained by the Milwaukee Journal Sentinel show.
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