Jun 19, 2022
8:02:46pm
8:02:46pm
I didn’t mention my cash accounts. But, I don’t need safe money options. The
key is diversification and magnitude.
I have absolutely zero debt. The calculator guys will tell me that is crazy and I could make a ton more. But leverage = risk and I don’t need more money / income. So why risk having more than I will ever need trying to get more than I could ever want.
I have Social Security. Waited until she 70 to maximize the monthly payment. I am in standard Medicare with separate Part D coverage and a Medigap policy. Ditto to the above for my wife.
I have a couple of small pensions. I took a lower monthly payment option that gives my wife 100% when I die.
I do accumulate fairly large amounts of cash from the rentals and vacation rentals and some from the orchard. Home is in the middle of the orchard. Periodically, I move money from cash accounts to the brokerage account and invest it. The stocks I buy are nearly always a Dow Jones Industrial stock or an established Nasdaq leader. I have taken a pass on Crypto, and other than 1 day trade for fun, skipped GameStop, etc.
Anyway - in the overall scheme of things, I am pretty conservative in my unorthodox way.
And while stocks plummeted so far in 2022, real estate mostly compensated for it. I expect a roller coaster ride at least until November and possibly to 2024 and beyond.
But, BYU is in The Big 12 next season and thus - All is Well!
I have absolutely zero debt. The calculator guys will tell me that is crazy and I could make a ton more. But leverage = risk and I don’t need more money / income. So why risk having more than I will ever need trying to get more than I could ever want.
I have Social Security. Waited until she 70 to maximize the monthly payment. I am in standard Medicare with separate Part D coverage and a Medigap policy. Ditto to the above for my wife.
I have a couple of small pensions. I took a lower monthly payment option that gives my wife 100% when I die.
I do accumulate fairly large amounts of cash from the rentals and vacation rentals and some from the orchard. Home is in the middle of the orchard. Periodically, I move money from cash accounts to the brokerage account and invest it. The stocks I buy are nearly always a Dow Jones Industrial stock or an established Nasdaq leader. I have taken a pass on Crypto, and other than 1 day trade for fun, skipped GameStop, etc.
Anyway - in the overall scheme of things, I am pretty conservative in my unorthodox way.
And while stocks plummeted so far in 2022, real estate mostly compensated for it. I expect a roller coaster ride at least until November and possibly to 2024 and beyond.
But, BYU is in The Big 12 next season and thus - All is Well!
- Bio page
- Cougarbib
- Joined
- Jul 28, 2003
- Last login
- Sep 20, 2024
- Total posts
- 40,950 (111 FO)
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6/17/22 5:01pm
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6/17/22 5:01pm
I always hear this but never hear those situations, could you or someone else explain a hypothetical where it works?
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6/17/22 6:46pm
Ask him: "With respect to your advice on this whole life policy, are you a fiduciary?" and post his response here.
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The exact commission paid to the agent on the contract should be a disclosed line item on the contract.
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I'm still interested to learn your response to the several questions on this thread about whether an agent acts as a
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