Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Buehler445]

Originally Posted by R8RFAN

sorry I hit too close to home with that broke dick comment, I sorry

Dude. Give it a rest.

[DenverChief]

Originally Posted by Amnorix

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.

Really? I pay ~$30.00/quarter for $180,000 policy on myself and another ~$10.00/quarter for an $80,000 policy on my spouse. I over pay into the policy by $30/each ($60/$40 per quarter) with a guaranteed minimum 3% return on my cash value. Every 4 years that is re-evaluated if the rate is higher than 3% that is effective for the next 4 years. If it is lower, then 3% is the minimum. IDK about you but that seems pretty damn cheap for a whole life policy with some pretty good guaranteed return or better. Cash out the policy tax free at retirement or take a loan out at anytime.

I also have a term life policy thru my job for about $12/month.

[eDave]

Originally Posted by lewdog

Sitting in that much cash is pretty dumb.

Absolutely no reason to do that. Have your money make more money.

Eh. Most of us can withdraw that kind of scratch and post a pic. And we won't have to empty our accounts to do it.

[O.city]

Originally Posted by lewdog

Sitting in that much cash is pretty dumb.

Absolutely no reason to do that. Have your money make more money.

I always keep about 10k in cash on hand just in case something crazy happens.

Ie, we had some work done on the house we just bought, offered the guy cash and got a 15%discount.

I know it's not the best bet, but I have my investments as well.

[displacedinMN]

Originally Posted by Rain Man

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.

I wanted to dump it in my public retirement account. They won't let me do that. So now I will talk to my 403b. That has much better yield than the IRA.

[DaFace]

Originally Posted by DenverChief

Really? I pay ~$30.00/quarter for $180,000 policy on myself and another ~$10.00/quarter for an $80,000 policy on my spouse. I over pay into the policy by $30/each ($60/$40 per quarter) with a guaranteed minimum 3% return on my cash value. Every 4 years that is re-evaluated if the rate is higher than 3% that is effective for the next 4 years. If it is lower, then 3% is the minimum. IDK about you but that seems pretty damn cheap for a whole life policy with some pretty good guaranteed return or better. Cash out the policy tax free at retirement or take a loan out at anytime.

I also have a term life policy thru my job for about $12/month.

I guess I'd have to see the details on your policies (which I don't care enough to do), but something about this doesn't seem right. $175k of whole life coverage should be more on the scale of $50/month. Here's a calculator just to play with the numbers.

https://smartasset.com/life-insuranc...surance-quotes

[DenverChief]

Originally Posted by DaFace

I guess I'd have to see the details on your policies (which I don't care enough to do), but something about this doesn't seem right. $175k of whole life coverage should be more on the scale of $50/month. Here's a calculator just to play with the numbers.

https://smartasset.com/life-insuranc...surance-quotes

Check that. It's 120k/80k and the payments are $130/$90 (60 over on each) so 70/30 for just the policy, a quarter.

[lewdog]

R8ers is retired with a few hundred thousand dollars and thinks he’s rich.

Lulz

[R8RFAN]

Originally Posted by lewdog

R8ers is retired with a few hundred thousand dollars and thinks he’s rich.

Lulz

Wrong, I am not retired and have several hundred thousand dollars , few is 3 several is less than 10

[lewdog]

Originally Posted by R8RFAN

Wrong, I am not retired and have several hundred thousand dollars , few is 3 several is less than 10

So you’re still working in your 60’s?

****ing chump.

[R8RFAN]

Originally Posted by lewdog

So you’re still working in your 60’s?

****ing chump.

52 son

[KCUnited]

Originally Posted by R8RFAN

I was just sitting on the toilet counting my stash and thought I would take a pic for all you broke dicks who frequent this site

Lol, I remember turning 25 too.

[DaFace]

Well, I tried.

[lewdog]

Originally Posted by R8RFAN

52 son

Let's get back on track.

Seriously here. I hope you aren't a decade out from retirement and sitting on a mountain of cash.

That rarely works out well against inflation and rising healthcare costs associated with aging.

I might be riding something like 60/40 or 50/50 at that time, but all that cash sitting idly by is much riskier than investing conservatively in the market.

[Unclesam]

I will take everyones money. Thanks