[NYCLurker]

As an employee benefits manager, I would agree 100% with Nachoman.

Individual universal life policies have limited use these days, and are generally advantageous only to those who NEED life insurance protection AND are trying to maximize income tax savings through certain specialized investment vehicles, e.g. the very highly compensated, maxing out 401K, etc.

All others beware.

[NYCLurker]

As an employee benefits manager, I would agree 100% with Nachoman.

Individual universal life policies have limited use these days, and are generally advantageous only to those who NEED life insurance protection AND are trying to maximize income tax savings through certain specialized investment vehicles, e.g. the very highly compensated, maxing out 401K, etc.

All others beware.

[NYCLurker]

As an employee benefits manager, I would agree 100% with Nachoman.

Individual universal life policies have limited use these days, and are generally advantageous only to those who NEED life insurance protection AND are trying to maximize income tax savings through certain specialized investment vehicles, e.g. the very highly compensated, maxing out 401K, etc.

All others beware.

[NYCLurker]

As an employee benefits manager, I would agree 100% with Nachoman.

Individual universal life policies have limited use these days, and are generally advantageous only to those who NEED life insurance protection AND are trying to maximize income tax savings through certain specialized investment vehicles, e.g. the very highly compensated, maxing out 401K, etc.

All others beware.

[NYCLurker]

As an employee benefits manager, I would agree 100% with Nachoman.

Individual universal life policies have limited use these days, and are generally advantageous only to those who NEED life insurance protection AND are trying to maximize income tax savings through certain specialized investment vehicles, e.g. the very highly compensated, maxing out 401K, etc.

All others beware.

[NYCLurker]

CRC wrote: I..was looking to invest to in Iraqi dinars. I was looking for an investment that I could follow and when the time came I could cut my loses and get out of it if it was going to lose money a friend mine recommended an investment company to me called Stone wood

I’m a 99% lurker here but I can’t resist this one. CRC, you have to be kidding! Iraqi dinars??? Currency investing is for professionals. Most real estate investing is for professionals too. Another poster touched on it, but let me spell it out simply for you:

NEXT TIME, open a Fidelity or Vanguard account like the rest of us! DIVERSIFY your investments according to your risk profile. Maybe put some of your money in a money market fund, put some in an S&P index fund, put some in a bond fund, put a little in emerging growth or an overseas fund. Then sit back and enjoy the 8% a year you’ll get over the long term. And keep adding to your account every payday by throwing in another 10-20% of your gross income.

That’s how the game works for those of us who are getting richer and richer one day at a time. Got it?

If this isn’t sexy enough, and you’d rather play with dinars or scammy real estate deals, I’ve got a big ole bridge nearby that I’ll let you have cheap.

[NYCLurker]

CRC wrote: I..was looking to invest to in Iraqi dinars. I was looking for an investment that I could follow and when the time came I could cut my loses and get out of it if it was going to lose money a friend mine recommended an investment company to me called Stone wood

I’m a 99% lurker here but I can’t resist this one. CRC, you have to be kidding! Iraqi dinars??? Currency investing is for professionals. Most real estate investing is for professionals too. Another poster touched on it, but let me spell it out simply for you:

NEXT TIME, open a Fidelity or Vanguard account like the rest of us! DIVERSIFY your investments according to your risk profile. Maybe put some of your money in a money market fund, put some in an S&P index fund, put some in a bond fund, put a little in emerging growth or an overseas fund. Then sit back and enjoy the 8% a year you’ll get over the long term. And keep adding to your account every payday by throwing in another 10-20% of your gross income.

That’s how the game works for those of us who are getting richer and richer one day at a time. Got it?

If this isn’t sexy enough, and you’d rather play with dinars or scammy real estate deals, I’ve got a big ole bridge nearby that I’ll let you have cheap.

[NYCLurker]

CRC wrote: I..was looking to invest to in Iraqi dinars. I was looking for an investment that I could follow and when the time came I could cut my loses and get out of it if it was going to lose money a friend mine recommended an investment company to me called Stone wood

I’m a 99% lurker here but I can’t resist this one. CRC, you have to be kidding! Iraqi dinars??? Currency investing is for professionals. Most real estate investing is for professionals too. Another poster touched on it, but let me spell it out simply for you:

NEXT TIME, open a Fidelity or Vanguard account like the rest of us! DIVERSIFY your investments according to your risk profile. Maybe put some of your money in a money market fund, put some in an S&P index fund, put some in a bond fund, put a little in emerging growth or an overseas fund. Then sit back and enjoy the 8% a year you’ll get over the long term. And keep adding to your account every payday by throwing in another 10-20% of your gross income.

That’s how the game works for those of us who are getting richer and richer one day at a time. Got it?

If this isn’t sexy enough, and you’d rather play with dinars or scammy real estate deals, I’ve got a big ole bridge nearby that I’ll let you have cheap.

[NYCLurker]

CRC wrote: I..was looking to invest to in Iraqi dinars. I was looking for an investment that I could follow and when the time came I could cut my loses and get out of it if it was going to lose money a friend mine recommended an investment company to me called Stone wood

I’m a 99% lurker here but I can’t resist this one. CRC, you have to be kidding! Iraqi dinars??? Currency investing is for professionals. Most real estate investing is for professionals too. Another poster touched on it, but let me spell it out simply for you:

NEXT TIME, open a Fidelity or Vanguard account like the rest of us! DIVERSIFY your investments according to your risk profile. Maybe put some of your money in a money market fund, put some in an S&P index fund, put some in a bond fund, put a little in emerging growth or an overseas fund. Then sit back and enjoy the 8% a year you’ll get over the long term. And keep adding to your account every payday by throwing in another 10-20% of your gross income.

That’s how the game works for those of us who are getting richer and richer one day at a time. Got it?

If this isn’t sexy enough, and you’d rather play with dinars or scammy real estate deals, I’ve got a big ole bridge nearby that I’ll let you have cheap.

[NYCLurker]

CRC wrote: I..was looking to invest to in Iraqi dinars. I was looking for an investment that I could follow and when the time came I could cut my loses and get out of it if it was going to lose money a friend mine recommended an investment company to me called Stone wood

I’m a 99% lurker here but I can’t resist this one. CRC, you have to be kidding! Iraqi dinars??? Currency investing is for professionals. Most real estate investing is for professionals too. Another poster touched on it, but let me spell it out simply for you:

NEXT TIME, open a Fidelity or Vanguard account like the rest of us! DIVERSIFY your investments according to your risk profile. Maybe put some of your money in a money market fund, put some in an S&P index fund, put some in a bond fund, put a little in emerging growth or an overseas fund. Then sit back and enjoy the 8% a year you’ll get over the long term. And keep adding to your account every payday by throwing in another 10-20% of your gross income.

That’s how the game works for those of us who are getting richer and richer one day at a time. Got it?

If this isn’t sexy enough, and you’d rather play with dinars or scammy real estate deals, I’ve got a big ole bridge nearby that I’ll let you have cheap.

[NYCLurker]

Newblet — ignore all the horrible, inane, foolish, stupid advice you have been given here. There is plenty of real estate wisdom here but it appears the personal financial planning advice is lame (some bordering on dangerous).
MAXIMIZE your 401(k) contribution — which means shoot for the $15,500 IRS pre-tax limit, and THEN pick the investment fund that matches your risk/return profile at this time, and modify your investment strategy as necessary over time.
Period. No discussion necessary.
99.9% of financial planners would echo this advice.
To begin with, the 25% employer match is A 25% RETURN ON YOUR INVESTMENT! There are probably a dozen other reasons I could give you as well.
Regards, NYCLurker (Employee Benefits Director at a large NYC bank, and responsible for employee financial planning education for 20,000 employees nationwide)

[NYCLurker]

Newblet — ignore all the horrible, inane, foolish, stupid advice you have been given here. There is plenty of real estate wisdom here but it appears the personal financial planning advice is lame (some bordering on dangerous).
MAXIMIZE your 401(k) contribution — which means shoot for the $15,500 IRS pre-tax limit, and THEN pick the investment fund that matches your risk/return profile at this time, and modify your investment strategy as necessary over time.
Period. No discussion necessary.
99.9% of financial planners would echo this advice.
To begin with, the 25% employer match is A 25% RETURN ON YOUR INVESTMENT! There are probably a dozen other reasons I could give you as well.
Regards, NYCLurker (Employee Benefits Director at a large NYC bank, and responsible for employee financial planning education for 20,000 employees nationwide)

[NYCLurker]

Newblet — ignore all the horrible, inane, foolish, stupid advice you have been given here. There is plenty of real estate wisdom here but it appears the personal financial planning advice is lame (some bordering on dangerous).
MAXIMIZE your 401(k) contribution — which means shoot for the $15,500 IRS pre-tax limit, and THEN pick the investment fund that matches your risk/return profile at this time, and modify your investment strategy as necessary over time.
Period. No discussion necessary.
99.9% of financial planners would echo this advice.
To begin with, the 25% employer match is A 25% RETURN ON YOUR INVESTMENT! There are probably a dozen other reasons I could give you as well.
Regards, NYCLurker (Employee Benefits Director at a large NYC bank, and responsible for employee financial planning education for 20,000 employees nationwide)

[NYCLurker]

Newblet — ignore all the horrible, inane, foolish, stupid advice you have been given here. There is plenty of real estate wisdom here but it appears the personal financial planning advice is lame (some bordering on dangerous).
MAXIMIZE your 401(k) contribution — which means shoot for the $15,500 IRS pre-tax limit, and THEN pick the investment fund that matches your risk/return profile at this time, and modify your investment strategy as necessary over time.
Period. No discussion necessary.
99.9% of financial planners would echo this advice.
To begin with, the 25% employer match is A 25% RETURN ON YOUR INVESTMENT! There are probably a dozen other reasons I could give you as well.
Regards, NYCLurker (Employee Benefits Director at a large NYC bank, and responsible for employee financial planning education for 20,000 employees nationwide)

[NYCLurker]

Newblet — ignore all the horrible, inane, foolish, stupid advice you have been given here. There is plenty of real estate wisdom here but it appears the personal financial planning advice is lame (some bordering on dangerous).
MAXIMIZE your 401(k) contribution — which means shoot for the $15,500 IRS pre-tax limit, and THEN pick the investment fund that matches your risk/return profile at this time, and modify your investment strategy as necessary over time.
Period. No discussion necessary.
99.9% of financial planners would echo this advice.
To begin with, the 25% employer match is A 25% RETURN ON YOUR INVESTMENT! There are probably a dozen other reasons I could give you as well.
Regards, NYCLurker (Employee Benefits Director at a large NYC bank, and responsible for employee financial planning education for 20,000 employees nationwide)

[Author]

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