calminvestor

Thank you "Cash".

P.S. I work for myself. I don't work for Vanguard, nor am I taking proceeds from any book. I'm simply recommending books I read in my downtime. For those that think this is not possible because I doubt your intent, please go to Amazon.com and type in "The Smartest Investment Book You'll Ever Read" - then please see if I am affiliated with this. Then you may come back to this site, apologize, and thank me for the previous sincere advice.

what's the spread then on your commission on whole vs. term? please educate all of us.

1. that's fine
2. those that don't understand interest pay it, those that do understand it, earn it
3. i don't think you're a moron, i don't know you. i just think you don't have life experience.

Those convinced against their will are of the same opinion still. I tried.

Interesting that you think I'm hook, line, & sinker for Ramsey.
Guess it would help to tell you that I disagree with his investing philosophy.
I do agree with his "no debt" philosophy, however.
Where does that put me in your book?

You're not a real investor, my friend. I know this because a real investor listens to reason/the gut and the mind and weighs the two against common sense. Where do you stand?

Yes, whole life is always a bad financial decision. It's costly and it's track record really sucks. Sorry if this seems simple, but it really is.

SacredSalami,
It's not a good vs. evil thing. It's which is a better financial decision.

Intelligence points most individuals to term life insurance for this reason:

Term policy - 35yr old = $33/mo
Whole policy - 35 yr old = $70,80,90,...150/mo

Why not pay $33 for term and invest the rest in a real investment like a Roth IRA that has real advantages? Index funds with Vanguard would be a good start with the extra $ you're not using on that crap whole life. Please read "The Smartest Investment Book You'll Ever Read" by Daniel R. Solin. I promise you won't be disappointed.

Apparently I'm not the only one giving good advice (me and all the other "anti-permanent guys"). As you can see, LSUgolf04 is not happy that I am warning you of the horrible investment that permanent life insurance offers. Obviously his income is dependent on this garbage. This has no impact on my advice.
By the way, I'm a Daily Money Manager and yes, I occasionally do work "for free". I teach budgeting and investing for free at my local libraries as a way to give back.
I'm debt free, happily married for 12 years with 3 happy kids to show for it.
What, besides crap whole life, LSUgolf04, do you have to offer? You're good at sales, maybe, but bad with solid financial advice.

No, permanent/whole life is garbage. It combines insurance with investments - bad idea.

The other guy that posted wants you to contact him because he makes tons of $$ from selling that crap. Ask how much he makes to sell a term versus a whole life. There lies your answer.

foshizzle,

the best analysts cannot forecast what the market will do. the best "trading programs" cannot forecast what the market will do.
And no, major Wall Street firms sell you on this crap about trading and market timing. They invest their money in smart investments - they are institutional investors who use funds like DFA funds and yes, Vanguard.
Try these websites - LINK and LINK
I suggest you read instead of guess in the future. You are very behind the curve when it comes to your understanding of investing. Invest your time into reading and learning. You're still believing that same old crap that allowed Wall Street to put their foot on our necks. Better get going.

who gives a damn what your score is? you shouldn't. oh wait, that's not traditional advice, nevermind...