Listen, tomorrow is promised to no one and I could realistically get in a major car accident tomorrow and be maimed or killed. But I'm not gonna stop driving. All I know is my stock portfolio is up over 30% over the 20 years I've been investing and I ain't budging. Could it all blow up? Sure. I could also be killed by a wild Yak.
Listen, tomorrow is promised to no one and I could realistically get in a major car accident tomorrow and be maimed or killed. But I'm not gonna stop driving. All I know is my stock portfolio is up over 30% over the 20 years I've been investing and I ain't budging. Could it all blow up? Sure. I could also be killed by a wild Yak.
I deleted my last post due to having respect for the host of this site and his efforts and capital to give us a place to discuss issues.
Public Forums is really nothing less then the open exchange of ideas, if one has problems with anything others may have should attempt to debate and discuss in a rational and respectfull manner. If not then one should really stay out of the discussion. What obviously someone has a problem with is the idea of "Where is the Market Going?". So I had to ask myself, who would have a problem with that and why? Of course using some reasoning abilities I've come to the same conclusion I have many times in the past, really not worth discussing so I deleted my prior post.
Yet though, I beleive my case is basically made, studies out and results of the general population and market investment has proven to be less then promised. You can argue till the "Cows come Home" but the facts speak for themselves.
Regarding getting started, I'm flooded with emails asking me how to get going in the life biz. I cannot reply and defer them to this board, where they don't get much help.
If someone's gets a life license on Monday what do they do on Tuesday? They're supposed to recommend an EIA, WL or UL to their family with zero experience or training?
These agents want to know how to start. They want to know which companies or agencies to join. They want to know if they want to go indie who offers really good training. They want to know lead sources and how to generate weekly business - 2 to 4 apps per week every week. You're not doing 2 to 4 apps a week every week with friends.
When I first got into the insurance business I decided to practice the K.I.S.S formula (keep it simple salesman) I started with final expense plans which most are real simple only 3-4 pages long. Most of the people I sold to were seniors but I always asked them if they had any children or grandkids living close by. I would then approach them let them know about my final expense plans or term plans or maybe a mortgage protection plan. I initially got my names from marketshareonline.net it is owned by experian so their data is usually pretty accurate and I thought that their price was reasonable. You can purchase a 1000 names for around eighty bucks with phone numbers. I also subscribed to our local legal news it lists everyone getting a marriage license getting divorced getting a mortgage etc. This is how I started I made a few mistakes along the way but I survived and made some money in the process. Hope this helps
EIUL & Doug Andrews MF101- May I suggest the following reading material:
NASD Investors Information Alert: Betting the Ranch. NASD Web site
NASD LIQUFIED Home EQUITy Nov 2004
Fighting Back against those who target the elderly - Humberto Cruz 11/27/2005.
Both of Scott Burns articles: Sept. 3 and 6th, 2005
"Once we were lost" by Shane Johnson City Weekly, Dec 2005.
I would draw your attention to a very well skimed over portion in both his books. He mentions IRC section 163 and IRS section 264a in both his books, he cannot state that 163 trumphs 264a which has been on the books a lot longer. In other words taking home loans to purchase life insurance may very well negate the deductablity of 163.
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