Again with the stupidity?
Listen dummy, pay attention:
If IUL worked the way you claimed with borrowing the cash value, it would be smartest for you to sell your home and put 100% of the profits into the IUL policy. What a baby! I explained in many of my answers to your stupid questions that I don’t need to sell my home! You and the other ignorant laughing on the background, are so stupid I almost peed in my pants! IULs are not given to anybody if there’s no income analysis, didn’t you see what I said about it? Besides that, I have one, not to make myself rich, but for my family protection if I die, my age and health stopped me from getting the best rating/income I could have gotten if I were 26 of age, we put all our expenses plus the cost of insurance, which is giving us 12.5% tax free returns for the last year, I am going to change the strategies when I get to the next end of the year to position myself into a 16%, because as I said, I have full confidence we are going to be so rich from now on! Right dummy?
You’d have hundreds of thousands of dollars sitting there generating the index return while you could borrow that money back and spend it on other things.
That’s exactly how you explain it works for other people buying the policy. Ooh, I see you got the idea, except mister dummy, as I said, IULs are not issued for the sake of opening them by saying "hey! I sold my home, here you are $400K!. No dummy! they are a conservative approach to retirement, it takes 10-20-30 years to provide a tax free income. You are so dummy my stomach hurts, “hundred of thousands of dollars sitting there”? You may, but not necessarily need $100Ks, it is the magic of compound interests you dummy! Get it? It takes time for them to work to get INCOME! Not loans!. Age, income, type of activity you realize in a daily basis and health, and other things are taken in consideration to make you a sure candidate for one. Money laundering is another example why we have to do an income analysis, we won’t accept $200K if the person can’t prove s/he’s life is worth of a life insurance of that amount, or if the money is coming from drugs, illegal activities, etc.
The rest? Just pure mumbling jumbling about what you don’t know. Why bother showing you anything? You will go round around the bush asking stupid questions that essentially were answered many times.
One thing you have been missing, and spare me laughing about “I am getting much higher 12.5—16% even after taxes”. Are you using your money, or the money from “whatever company you are putting your money to invest”? In the case I showed, the guy, yes, you dummy! A guy, not a girl, something I put there to make you look so stupid by not checking what I said, he is using $600 a month to leverage $3,400. Where on earth you can get to use $2,800 to pay any mortgage, from where, unless you are an idiot, you will get what? What’s the rent anywhere? $1500? but that money is still “sitting there” earning 7%–12.5%–16%? $2,800 + $1,500 = $4,300…what a deal!
Then, again, I said once or twice, you dummies, Pay attention:
It is a flexible policy. You may, or not, pay the excess premium of $2,800. No interests to pay, less returns.
You may, or not, loan $2,800, no interests to pay.
6% simple interest on the illustration “by law”, actual interest is 4% won’t beat 7% compound interest. Never! Of course, we won’t know, the idiot I asked to run me a spread sheet is as ignorant as me and needs some classes on Excel.
Tell me Marcus? Why are you investing that money somewhere but not in real estate? You don’t trust real estate? Answer that question, why are you questioning any other form of making a buck but you want anybody to believe you participating in a real estate forum if you don’t trust real estate? Spare me the “all eggs in one basket crap”. Full confidence in something and you are 100% in it, right? That’s what you and you dummy partner were asking of me. Well, be fair then, do the same, will ya.
Maybe, me, by asking that question I am as ignorant as you guys are by asking me why I don’t invest all my money into an IUL but you don’t do it with real estate? Have you stopped to think about it? Have you forgotten is not an investment but a protection?
Maybe, maybe, maybe…you are as stupid as I am.
Ooh, I am using a brand new, 2 days old computer. My ignorance on computers made me forget to transfer my old files to the new one. I will hook up the old one and transfer them as soon as I can. I am in the process of getting me Office 2016 so I can lean to use Excel, you know, so I can look like a fool with other people when they ask me to run any numbers.
But I will be laughing about you guys, big time!
The heat is so high in this kitchen