Want investment advice/an idea? Look here.

Ok guys, I posted this response on another link, but wanted to make it easier to see. You may not think I am right, or may not like it, but it has worked for MANY of the clients I used to work with, when I was in the business (before I went off to war and got hurt). These are just my PERSONAL ideas/opinions and offer to help whoever asks, so here is what I wrote:



Chad, I am going to be polite since you are young and in the "Insurance Business", but whole life is the WORST possible investment a person can make!! I can prove it via any 20 year term in history you choose, including this one (which will scare business your way, albeit a bad move on their part). I have a brokerage license, so you know where I am coming from also, and would tell anyone on here I could take ANY SUM of money you want to invest and GUARANTEE you would not lose money with my "investment strategy". Anyone interested? Here it is (and for Chad's sake I will add a curve ball at the end to cover life-insurance needs too):

Lets say you have 10 years to retirement, or that's your investment timeframe, and you want to be in the market for growth, but want to make sure you don't lose a DIME of your investment, what do you do? Its simple. Let's say your starting with $100K, for ease of this example but it will work with most any amount, you look at the "10 yr ZERO Coupon bonds". Lets say a 1K bond, which is GUARANTEED by the government, is costing $500 (again for simplicity). You buy $100K in "face value" bonds, which will cost you $50K, to start. Now this means no matter what happens (barring the government going outta business, but lets not go there in this example) you are going to have your $100K at the end of 10 yrs, follow so far right? Now you have $50K to invest in whatever you choose to buy. Being smart, you are going to diversify into somewhere around 50% Stock (Big) Mutual Funds, 10% Sm/Mid Cap Funds, and 30% Bond Funds. In this case, even if the market went to ZERO, at the end of 10 years you still have your 100K in the account and it is guaranteed to be there by the government. ANY MONEY in the "investment" side of things is your "Gains" on your money. This works people, its how I used to invest for "scared" millionaires when I worked at a "trust" company.

Now, you need the insurance too? Ok, take a portion of that "Investable" $50K and buy a "paid-up" term life policy, but remember WHY you buy insurance and just how much you REALLY NEED. Don't listen to some insurance salesman tell you what HE/SHE THINKS you need, figure it up yourself like big people. You buy that and all is well there, then invest the rest as per the previous step I spoke of.

Listen, I don't mean to bash the insurance people, they need to make money too, just make sure you are buying something you: a. Understand. b. REALLY need. c. does not take a couple years to have ANY "real money" value (ie. whole life). Heck, they even have term-life policies out now that will REFUND YOUR MONEY, after a fixed period (like the 10 term policy) if you don't cash it....or DIE for those wondering :) I am willing to help anyone who asks for it for FREE!!! I am a disabled vet with nothing but time to kill, and kids to watch :) So if you want some help, or a second idea, let me know and I will happily give you some insight in exchange for a simple fishing tip or two in exchange. I can always learn more, and want to, about fishing and am just as willing to help you all with something like "Investing" if you need/want it. My number is 502-689-5528 and I work for "tips" :))

Good luck and you can start bashing my post.......now.

Rob