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08-27-2018, 09:33 PM | #2281 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $331900
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Honestly, I think we see a short squeeze soon and a spike to $35-37 this week.
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08-28-2018, 12:32 PM | #2282 | |
To the Game
Join Date: Oct 2003
Casino cash: $7113516
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Quote:
It guarantees that you'll reach the end of the "hockey stick" where those huge compounded returns come into play. Most people never make it there because you either spend or lose your money, which resets your compound curve on your timeline/graph, and can never be recaptured. I've become very passionate about it since I began doing it have seen and felt it working. |
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08-28-2018, 01:07 PM | #2283 |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
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Looks like its based on whole life insurance. Uhh, no thanks. Whole (or permanent) life insurance is pretty expensive as an investment vehicle, with a comparatively lousy rate of return. If you're a higher income earner and have maxed out your 401(k), IRAs, etc., and/or have some unique reason to have whole life, then sure, whatever, but for the vast majority of people, I wouldn't bother with it. Term insurance is substantially cheaper.
All that said, I do have a modest amount of whole life, which I got back in like 2000. Now, about 18 years later, the cash value of the policy equals the amount I have paid in premiums. Now, there was the peace of mind of having life insurance in case something happened to me years ago as well, of course, but still, that's a lousy return where the stock market since 2000 is up about a bazillion percent. I would have been MUCH better if I took like X% of that whole life premium and put it into term insurance, fixed for 20 years, so I would have the same death benefit as with the whole life, and put the rest of it into index mutual funds or something.
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington Last edited by Amnorix; 08-28-2018 at 01:16 PM.. |
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08-28-2018, 04:14 PM | #2284 |
It was not a fair catch
Join Date: Aug 2012
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We do not get to pick how the funds in our retirement account. But it pays better than the IRA. time to make a call
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#investigatecarlcheffers |
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08-28-2018, 04:43 PM | #2285 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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08-28-2018, 05:04 PM | #2286 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $56198
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Feds probably need to get an IP on this.
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[/SIGPIC] |
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08-28-2018, 05:29 PM | #2287 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $10429646
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Only a drug dealer would have that much cash on hand.
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08-28-2018, 05:32 PM | #2288 |
Banned
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08-28-2018, 05:36 PM | #2289 |
Spooky Action
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08-28-2018, 05:52 PM | #2290 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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08-28-2018, 05:54 PM | #2291 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $130477
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08-28-2018, 05:58 PM | #2292 |
Molôn Labé
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Location: North Carolina
Casino cash: $8566872
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08-28-2018, 06:12 PM | #2293 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $331900
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Quote:
Absolutely no reason to do that. Have your money make more money.
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08-28-2018, 06:22 PM | #2294 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
I think he takes his drug profits and reinvests in more drugs. He may know about compounding interest!
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08-28-2018, 07:17 PM | #2295 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1718491
VARSITY
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I probably don't fully understand your options, but if you've got money in an IRA earning 1.5 percent, presumably it's some sort of CD or something. If that's true, don't put any more money into that and pick pretty much any other option rather than sitting on your toilet holding it in cash.
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