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re: OT - DNC Imploding

Posted on 8/2/16 at 4:31 am to
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64476 posts
Posted on 8/2/16 at 4:31 am to
If your vehicles return 7%, and there is no catch, then why not put up some billboards and a 1-800 number, and fire all the salesmen? The phone would be ringing off the hook. You wouldnt be able to keep up with the orders.

"You have to get the numbers right"
"No guarantee"
"Locked in"

Bank of America could put up the same billboard at just 3% and every branch would be mobbed.
Posted by BeefDawg
Atlanta
Member since Sep 2012
4747 posts
Posted on 8/2/16 at 7:49 am to
You have to be underwritten and healthy to qualify for life insurance. Plus age is a big factor as well as duration and amount of contributions.

And FINRA and the SEC don't let you illustrate estimated average non-guaranteed returns on billboards or media.

These things are not a one size fits all. There are factors that go into them that determine their viability. You can't blanketly advertise something to everyone when only 1 in 4 might qualify and have a 20+ year time horizon.

You seem to be wanting to discredit this and I don't get why. This is simply one small piece of a portfolio puzzle that I use. It's a tool that provides downside protection in a volatile or recessing market.

If you don't get the importance of putting portions of your portfolio in products with downside protection, guarantees, and non-correlated assets when a potential large downswing or correction is looming, then just stew in your own ignorance and don't desparage me because of it.

You and your wife can go toss $1,000/month each into Roth's and get your arse kicked when the market tanks. I'm going to continue advising folks that there are investment vehicles out there that can protect you from volatility and huge losses.
This post was edited on 8/2/16 at 7:52 am
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