Your path to wealth?

[CUSP82]

Nah I think you fee thing is way overblown.
Now what do you get for those fees? I mean are they really worth giving some advisor/company that much money?
The dope that advises me bugged the crap out of me to buy some stock I barely heard of. It was cheap so I bought 150 shares for if I remember about a buck and change per share. Thought it was a waste. Well with time it seemed to do alright, t even split a couple of times which gave me a lot more shares. Never would have done that without him bugging me.The stock is called Apple. Oh he also made me bu something called Amazon many years ago. Hey I am more than happy that he got his fee!!!!!

[smerkinaturp]

Nah I think you fee thing is way overblown.
Now what do you get for those fees? I mean are they really worth giving some advisor/company that much money?
The dope that advises me bugged the crap out of me to buy some stock I barely heard of. It was cheap so I bought 150 shares for if I remember about a buck and change per share. Thought it was a waste. Well with time it seemed to do alright, t even split a couple of times which gave me a lot more shares. Never would have done that without him bugging me.The stock is called Apple. Oh he also made me bu something called Amazon many years ago. Hey I am more than happy that he got his fee!!!!!

The fee thing is accurate. Insurance compliance is very strict and that chart in his book wouldn't be able to have been published if it wasn't dead nuts on. Those are 401K fees, just a basic fee you play for playing the game. No 401K advisor is picking stocks for you as you can't even do that in a 401K. And most 401K fees are much more than 1%. Mutual funds, Index funds, ETFs are all going to have a management fee just to own it. Somewhere between .25-1.5% and that isn't including the 401K plan fee. If your advisor really lead you to those stocks he is great. Most advisors will point out more misses than hits. You may recall Warren Buffet issued a $1M prize to any actively managed fund that would outperform an S&P 500 Index fund over 10 years. Guess what? No one could claim it. The point is for 99.999% of investors, an S&P 500 index fund is their best bet if they have the balls to never flinch, which most people don't. MPI takes the flinching away, allows for secure leverage and the retirement distributions are tax free. The most important lessen in all of this is $1M in a 401K will safely produce $40K of taxable income annually in retirement. $1M in MPI would provide $120K of tax free income for life. With a huge tax free death benefit.

[BigStick4Pleasure]

I like how my point about being viciously ridiculed got proven nearly immediately concerning IUL's. I must be psychic.

When my current trainer/indoctrinator met with a much, MUCH older and experienced financial advisor in a 3-way call with myself and another member of my household last week, it was a chance to compare the knowledge and advice of someone 5 years in the business with someone 25 years in the business. And the elder was specifically specialized in advising teachers in a local school district, if that matters; she was a semi-retired teacher focused on advising other teachers in how to best invest for retirement, since most teachers don't know the first thing about how CalSTRS or 403b's work, they just mistakenly assume they'll have enough to live off of in retirement that will provide for the same standard of living they had while working. She also works on her own, not associated with any specific firm.

The elder independently brought up IUL's as a great tool to have in your retirement products bag, before the younger indoctrinator who has completely brainwashed my gullible ass even had a chance to bring it up. They were in full agreement as to all their upsides, and then the elder went through some specific illustrations for policies and riders that weren't the younger's go-to favorites, but were nevertheless highly advantageous for us.

We'll be wrapping up the younger's assessment and comparison in a few more days.

What are the chances I get completely hoodwinked by two separate indoctrinators in just a couple of months with my clearly uncritical dullard brain?

I love being a total dumbass cult member who follows whatever bunk is spit in my general direction. Especially because I know I will be a quadrillionaire in about two more years, guaranteed by none other than God itself.

[not2big]

In my opinion, a well balanced portfolio, including a number of products which can be adjusted as you age, is the best way to go.

[BigStick4Pleasure]

In my opinion, a well balanced portfolio, including a number of products which can be adjusted as you age, is the best way to go.

That is sound advice for sure. If any financial advisor says otherwise, they don't have your best interest in mind, whether or not intentional.

Evidence for the above is that all the highly successful people diversify their wealth and retirement plans, and those that don't often are quickly destroyed financially.

[smerkinaturp]

That is sound advice for sure. If any financial advisor says otherwise, they don't have your best interest in mind, whether or not intentional.

Evidence for the above is that all the highly successful people diversify their wealth and retirement plans, and those that don't often are quickly destroyed financially.

MPI is vastly superior to a "balanced portfolio", which you can't even do anymore since interest rates are trash. MPI offers 3 separate features from 3 different investment strategies, taking the best from 3 worlds. It offers the zero floor, security and tax advantages of cash value life insurance. It offers stock market growth the the S&P500 crediting up to 10% cap and it offers secure leverage like real estate (although real estate isn't secure). It is the holy grail of investing.

[CUSP82]

An old wise man once said don't put all your eggs in one basket. I think he was a smart guy.

[not2big]

But what are the fees and what if you don’t need insurance? A $5,000 investment in Microsoft in the 1980s would be worth over $14 million today. Would an MPI investment generate similar gains.?

[smerkinaturp]

But what are the fees and what if you don’t need insurance? A $5,000 investment in Microsoft in the 1980s would be worth over $14 million today. Would an MPI investment generate similar gains.?

I covered the fees earlier. They are extremely minimal compared to a 401K. No, that microsoft investment is like winning the lottery. MPI is a slow steady path to wealth. If you could tell me the next microsoft I'd be all over it. The insurance is the only vehicle that can provide the zero floor and tax free returns. It is a necessary evil for MPI. We buy the least amount of insurance and max fund it.

[CUSP82]

You're still borrowing other peoples money and that money must be paid back and with interest in good times and bad. Not for me.