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Everything posted by Trey3216

  1. Looks like Vlad Putin's folks finally decided to actually start posting.
  2. I apologize, truly, for the missing context. Wasn't trying to mislead anyone. Sorry I didn't clearly define the guardrails. The vast majority of my business is in portfolio management, life insurance is a tool that CAN be integrated into a full strategy for SOME people. It is not for everyone, correct. Which is why I listed it as 1 of several mechanisms. Nowhere was I saying that was the best or only way to go. Anyway, cheers. I'm not on here having a meeting with anyone, which is a completely different thing than merely offering some concepts that have shown to work for a lot of people in my book of business. Have a good day.
  3. I have a real feeling that Trevor Bauer is gonna be on the staff by opening day.
  4. Pittsburg is a pretty damn small town not far from Paris. Pittsburgh has a lot of nice suburbs.
  5. 1) You'll always have it. You could calculatingly spend your assets down because when you die, your family will replenish assets with LI cash. 2) It doesn't factor into assets for children applying to college on FAFSA. 3) You can utilize the cash (via loan) to yourself at anytime with no application. Pretty convenient during high interest rate environs. You could take a car loan right now for 4.8-5% from yourself rather than 8+ from the bank right now. (Had a business client loan his business $250k for equipment purchases from his life policy a few months back at 5%...bank wanted 9%...saved himself tens of thousands of dollars) 4) in the event you were to have some sort of life threatening chronic or terminal illness (cancer, dementia, etc) you can access the death benefit while you're still alive to pay for medical care rather than have to use assets 5) It can't be taken in a lawsuit. OJ has a shit ton of money because much of his estate was in life insurance. ...In reality, once you are retirement age it more or less becomes asset insurance. You protect your assets, your nest egg, via the benefits of the policy. The cash value of the policy is yours to use freely, when there's cash available. It's not for everyone, but it can BE A PIECE OF A WELL ROUNDED STRATEGY. It is not the only strategy, nor is being completely dependant upon the market and hoping for permanently good health and timing your exit from the workforce just right.
  6. And that's fine. There's more than 1 way to skin a cat, and one of the ways I explained has worked for a lot of people for a very long time. To each their own. No sweat off my back.
  7. I mentioned Life insurance as one of several options for non-market cash reserves and he didn't take kindly to it. You pretty much hit my argument on the head, but to each their own.
  8. Little white boards with dry erase markers.... -I will not flop on the field -I will not flop on the field -I will not flop on the field ... Man who writes it the most times in 10 minutes takes 1 minute off his next Cyn-Bin blue.
  9. I'm looking at options 25 and 50% OoTM on it. They're pricy, but could be like betting on Big XII college basketball.
  10. If you think it could move to equal market cap of AMD, then absolutely!!!
  11. Fair enough. But I read and listen/watch enough commentary from the folks that are laying it out there to see if you want to look for it and run that commentary against what the data and the market are telling us and make that 'feeling' a bit more of a hypothesis.
  12. I'm not basing it on a month's worth of CPI numbers. I'm basing it on a feeling that's been building since last summer. And speaking of rents, wait til the real effects of the craziness in the homeowners/dwelling insurance costs start showing up in the rental rates and OER numbers. 50% YoY increases in insurance cost is real $$, real inflation.
  13. I know no one said anything about an 80% bond profile, but that's what a lot of advisors at your major institutions are coached to advise on those entering retirement. It's insane. And I'd be happy to show you the math against real world numbers any time on sequence of returns risk.
  14. I wasn't just saying life insurance, and I wasn't attempting to be dismissive. I was saying that having a cash stash in some form or fashion of 3 years worth of retirement distributions, regardless of their form, will almost certainly never run you out of money regardless of what happens in the market. Perhaps you missed the 2 forward slashes on the keyboard? Now, some folks do say those things. Some folks say otherwise. If you have the life insurance, even if you are wealthy enough to "not need it", you can actually up your income in retirement because the end result (which happens to all of us) will be your family being replenished with money in the form of the death benefit in the life insurance policy. So, building up the biggest pile of investment $$ has its merits, and its perils, as does having too much cash, as does having too much life insurance, as does having too much real estate. Having a strategy is better than just saying "I'm gonna build a mountain and then tone down my risk profile when I retire". I'm sure those folks that retired a few years ago and had moved to an 80% bond profile were really happy about taking distributions when the bond market was down 20%. Like I said, wasn't being dismissive. Was saying that folks can drive themselves crazy with running Monte Carlo sims and maxing this and cutting that. If you stick to a pretty simple strategy of staying invested in the S&P and have 3 years of distributions (at retirement age) of some form of non-market asset, whatever you so choose it to be, you are north of 98% not going to ever run out of money.
  15. Watching both Bloomberg and CNBC right now....
  16. Had that sumbitch in late August right after the kids started back to school. Was at a work conference and had a nice trip to the emergency room for 10 hours because I apparently got so dehydrated that I thought I was having heart issues. No heart issues 2 banana bags High liver enzymes that proved to be a spike from the stomach virus after several blood tests, 2 different liver ultrasounds and a specialty doctor visit that proved to be fruitless, yet costly (thankfully the last 2 told me I was perfectly normal and healthy) That was a bitch
  17. I don't think we're cutting rates at all. I think we'll hold here for the entirety of '24, and maybe halfway into '25.
  18. All of that is well and good, but if you can generate 3 years worth of cash/cash value in life insurance/other non-market readily available and liquid assets as a buffer to your main retirement savings vehicle, then you will almost certainly not run out of money, and you can keep your portfolio invested more heavily in the market. The premise being to use the buffer cash during down market years, allowing your portfolio the chance to grow again without taking distributions from it. You can Monte Carlo yourself to death on rates of return and all the factors, but that is the most powerful factor/vector that exists.
  19. Unless he was talking about the great Troy Dungan...
  20. This.... But I don't buy them anymore other than for a party. For daily use, I pickle my own every summer. Have 2 pint jars in the fridge from my October/November pepper harvest. -Whole Black Pepper Kernels -Minced Garlic -Sea Salt -Vinegar -Jalapenos I "fridge" pickle them, so they'll stay good for about a year.
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