Independence Savings Bank (ICBC) Message Board

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Non-Tech : Independence Savings Bank (ICBC)

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To: robert emann who wrote (214)	4/10/1998 6:01:00 PM
From: Steve Stuart	Read Replies (1) of 246

I wouldn't think that it's worth it to speculate on mutual insurance companies going public. To hold an insurance policy costs you a fair amount of money that you would have to recoup in the IPO. At a mutual S&L, the account is free and you earn interest on your principal. The only cost there is opportunity cost vs. investing the principal elsewhere. Also, I would assume that a mutual thrift has a shorter halflife than a mutual insurance company. I agree with you that generic discussions of this sort don't necessarily belong in the ICBC thread. There is a thread for generic mutual thrift conversions (https://www.siliconinvestor.com/subject.aspx?subjectid=19182 ), but it's very empty. Everyone seems to prefer this one. About trying to get CDs through your IRA: my guess is that it would probably work. However the prospectuses usually contain some language about "preference for natural persons living in the vicinity of a branch". So you might get shut out in a badly oversubscribed offering. -Steve Stuart

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