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Infinite Banking

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Money Talk > Retirement Planning

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oldguy
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quote:
Just one more point: combining good investments with the financing advantages of the IBC improve results.


It's not difficult to mathematically compare:
A. Owning a Whole Life policy and borrowing on it.
or
B. Owning a term policy and investing the exta premium in an index fund at 11%/yr for 30 yrs. ($500/m is about $1,300,000)

It's clear to me that invester B is far and away ahead of the IBC guy, maybe by as much as an extra million. A catchy name doesn't make it good - the product itself has to be good.
Post Thu Jan 06, 2011 12:41 am
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ibcuser
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Infinite Banking Concept  Reply with quote  

quote:
B. Owning a term policy and investing the exta premium in an index fund at 11%/yr for 30 yrs. ($500/m is about $1,300,000)


This is what I find fascinating; most guys ridicule and discredit the projections of life insurance actuaries, who study risk very carefully and work very conservative. Their incentive is to protect people and keep the respect of clients and company peers.
On the other hand the mutual fund managers, financial money managers, they believe, worship and follow Wall Street projections as infallible. How they approach their analisys? heavy on speculation and creativity.
Their incentive is to make as more money as possible for themselves by luring millions of suckers with their new untested and unknown ideas.
I made a study a few months ago about the crashes of the stock markets since 1929 to 2010
I found that they happened every so often, sometimes as frequently as every couple of years, and I also found that for the stock market to recuperate from a crash it needs an ever more susbstantial gain to come back to where it was before the crash.
For example: If the markets fall 50%, you would think, well they need to gain 50% and we are back in business, right where we left before the fall.
Not quite, the markets need to gain 100% from the place they fall to, and that makes it very difficult to sustain consistent gains like the one you refer of 11% for 30 years in your index fund.
So unless we treat both industries with the same respect, we will not be able to measure the real benefits for the average American.
Post Sat Jan 08, 2011 10:00 pm
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oldguy
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This is what I find fascinating; most guys ridicule and discredit the projections of life insurance actuaries, who study risk very carefully and work very conservative. Their incentive is to protect people and keep the respect of clients and company peers.


IMO your industry is not quite as 'pure of thought' as you indicate. In fact, Congress has been considering legislation to clip the wings of insurance companies that are pushing inappropriate products on seniors.

And selling such things as 'Infinite Banking' is not likely to 'keep the respect of clients & peers', quite the opposite.

LOL - and I doubt that you actually have clients that can't understand 50% down, 100% up. Very Happy
Post Sun Jan 09, 2011 4:07 pm
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ibcuser
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infinite Banking Concept  Reply with quote  

quote:
IMO your industry is not quite as 'pure of thought' as you indicate. In fact, Congress has been considering legislation to clip the wings of insurance companies that are pushing inappropriate products on seniors.

And selling such things as 'Infinite Banking' is not likely to 'keep the respect of clients & peers', quite the opposite.


Oldguy, Congress normally responds to benefit sectors of society like in the case of bail outs and bridges to nowhere. They are not necessarily the best group to dictate what is appropiate.

Most products that hurt seniors are based on Wall Street performance and that negate liquidity. Seniors need security and accessto their money.

Also is very common and easy to tag as bad something that we do not understand.
Post Sun Jan 09, 2011 9:32 pm
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oldguy
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quote:
Oldguy, Congress normally responds to benefit sectors of society like in the case of bail outs and bridges to nowhere. They are not necessarily the best group to dictate what is appropiate.


Very Happy Good point !!
Post Sun Jan 09, 2011 10:37 pm
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josht
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Old guy.

You got an 11 percent return in the market for the last 30 years... and you know that is great for you.

But you are the ONLY person I have ever talked to that got those kind of returns. Most people make money one year and lose money the next.

And the last 10 years have not been like the 20 previous to those.

And I don't really see the markets getting much better, personally.

But that is beside the point. The point is most Americans aren't going to get an 11 percent return on their money. On top of that most Americans are going to have to by a broker fee every year.

And taxes.

And buy insurance.

And then they are going to go and finance their car at the bank.

And make purchases on their credit cards.

Infinite banking is going to combat all these things and put your money now flowing towards yourself. That is what it is all about. And it has no risk.

And you tell me what other investment is going to leave your heirs with 5 times your savings tax free?
Post Fri Jan 21, 2011 6:43 am
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mike95910
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Yep cant do anything out of the US and i have no idea why not
Post Wed Feb 16, 2011 8:40 pm
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josht
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Mike, you probably can, but life insurance companies don't insure non us citizens, for the most part.
Post Fri Apr 01, 2011 9:33 pm
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jumbohome07
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Re: Infinite Banking  Reply with quote  

Hey, Sorry but I do not have any information about thatů
Post Fri Apr 15, 2011 11:12 am
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yandy369
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not interested  Reply with quote  

not interested in that currently Sad
Post Mon Apr 18, 2011 3:37 pm
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misaelwade
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Some of living benefits of infinite banking are life insurance policy is one of the safest vehicles in the financial world.As a policy holder you should be able to participate in the earnings of the company through dividends and earn a guaranteed rate of return on your cash-value.The guaranteed rates of return found or if utilized and structured correctly can be removed tax-free.One of the major disadvantage that typically takes several years for policies to grow to the point that the returns equal the costs of the premium, and for there to be a significant enough value in the policy to warrant borrowing from it.
Post Tue Apr 19, 2011 9:26 am
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limmzhou
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Very Happy
Post Sat Mar 03, 2018 7:32 am
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rvalmeeki
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Infinite Banking is not, but becoming your own banker where you can control all your banking functions. You need to design you banking in a proper way where you can manage cash flow and own properties with out any involvement of outside commercial consultants.

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Post Thu Nov 15, 2018 12:01 pm
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oldguy
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It's kinda fun to read the 8-year-old posts and wonder what became of the hoax-of-the-day folks.
Post Thu Nov 15, 2018 5:35 pm
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