Do your own research

[M.W.]

Dude you want to call out others based on intelligence? You are by own admission a former trucker with hardly any formal education and, apparently, not much accumulated street smartness either. You can't even properly quote someone on an internet forum.

So, based on your life choices and wisdom about moral values and living an ethical and law abiding life style you are exactly where in your life journey? Because I don't quite see how the lifestyle that you promote leads to a satisfactory life lived.

Whenever I see a person, who in the face
of insurmountable evidence refuses
to accept the FACT that they are wrong.

Nor smart enough to use what he's wrong
about to his or her advantage.

It gives me the impression, their animosity
towards beneficial knowledge says more
about who they are, and not what they purport to be

Anyone with a modicum of intelligence already
knows a smart person uses knowledge to their
benefit. A disdain towards such knowledge is
usually an indication of a very unhappy life.

Came off as laughable trying to deny my knowledge of Insurance,
when it is clear he/she knows nothing about insurance if he
does understand how insurance can be used to reduce Estate taxes.

I doubt this person owns anything of measurable wealth above their laptop.

Laptop Estate (tries not to laugh)

You might seek professional counseling to learn
why you have such a disgruntled attitude.
Is it because you're tired of losing money?

Here's a clue, be real, eventually people can see through a FRAUD.

 

[murray t turtle]

You apparently know even less. Anyone who studied insurance policies and finance for just a few hours understands that life insurance policies of all stripes are bad investments unless only used for the original intent, which is to insure against the death of the insured. Anyone who uses credit in normal life is a person of average or below average income/earnings and probably does not have much say in this. Or have you heard of someone who makes plenty and borrows to buy a car or house? I have not. Most are get rich quick schemes that attract certain people of questionable work ethics.

%%
Good rebuke+ good points.
Dave [REALTOR]Ramsey never scolded anyone for debt /on real estates/home anyway.
"Clueless about whole life??LOL'' Sounds like Mr Ramsey simply much prefers the better % gains of term insurance + mutual funds/ETFs
I could see where some that dont have good savings +investing habits could use inferior gains of whole life...........

 

[mikeriley]

Dude you want to call out others based on intelligence? You are by own admission a former trucker with hardly any formal education and, apparently, not much accumulated street smartness either. You can't even properly quote someone on an internet forum.

So, based on your life choices and wisdom about moral values and living an ethical and law abiding life style you are exactly where in your life journey? Because I don't quite see how the lifestyle that you promote leads to a satisfactory life lived.

I will not go as far to make the same clueless assumptions you are making.
I acquired a BS in business from Prairie View University over 30 years ago.
What is it with your dislike of truckers? LOL I ran a BUSINESS as an
over-the-road trucker. I think I hit a cord, when I stated you have no idea
what it means to run a business, nor any knowledge concerning insurance.

By the way M.W. my driving a truck paid for both of my daughters
college.

Can't wait to read your next assumption.

EDIT: I forgot to address the most important thing,
I've been killing it the past 2 years with NQ and GOLD
futures, and helping family and friends do the same.

Humble yourself, and I "might" show you how you can
make real money M.W. (grin)

 

[SunTrader]

Guess when the tax bracket you are in is lower than a street curb you get all high, mighty and righteous. Those are the folks the rest of us really have to watch out for. Or those north of the border have to.

 

[M.W.]

Living a righteous life and being moral and ethical even at personal expense should not be special but the standard most ought to aspire to. Sadly, a lot of folks can't even spell ethics. Either low education or selfish life choices that are always aimed at maximizing self benefit at the expense of everyone else. What a sad way to live life.

Guess when the tax bracket you are in is lower than a street curb you get all high, mighty and righteous. Those are the folks the rest of us really have to watch out for. Or those north of the border have to.

 

[mikeriley]

Living a righteous life and being moral and ethical even at personal expense should not be special but the standard most ought to aspire to. Sadly, a lot of folks can't even spell ethics. Either low education or selfish life choices that are always aimed at maximizing self benefit at the expense of everyone else. What a sad way to live life.

I promise you AFTER I buy the craft in the below picture, I'll change
my ways and adopt your self-righteous perspective concerning other people.

Until then..carry on.

 

[SunTrader]

.... What a sad way to live life.

But you do it so well. And righteous too. Uh huh.

Must be why you do so much research and not trade. Can't bear the thought of taking someone else's money.

 

[newwurldmn]

It’s still a straw man argument. You stated that anyone with a finance understanding would know that life insurance is a bad investment for other than it’s intent.

I should that’s not correct. And now you are talking about morality.

That's ridiculous twisting of the truth. Yes, paying taxes is not a moral high ground but abusing tax loopholes is a moral low ground because you know that it disadvantages everyone else at your own benefit in an unfair and unintended way. And quite frankly it's a huge business risk in doing so as well. Many tax loopholes were previously closed and charges applied retroactively.

You are twisting the truth. Deductions are intended and offered to be applied, loopholes are not. You throw all in the same pot and stir and sell it as one and the same soup. It's not. Completely different issues and implications and intentions.

Lets stop going down this route, you take a different moral stance on using loopholes than I do. Your choice, my choice in life.

 

[newwurldmn]

I will not go as far to make the same clueless assumptions you are making.
I acquired a BS in business from Prairie View University over 30 years ago.
What is it with your dislike of truckers? LOL I ran a BUSINESS as an
over-the-road trucker. I think I hit a cord, when I stated you have no idea
what it means to run a business, nor any knowledge concerning insurance.

By the way M.W. my driving a truck paid for both of my daughters
college.

Can't wait to read your next assumption.

EDIT: I forgot to address the most important thing,
I've been killing it the past 2 years with NQ and GOLD
futures, and helping family and friends do the same.

Humble yourself, and I "might" show you how you can
make real money M.W. (grin)

While denigrating you on producing for the economy and for your family, M.W. is talking about the morality of life insurance wrappers!

traders are the worst people - especially those who engage in financial virtue signaling.

 

[mikeriley]

While denigrating you on producing for the economy and for your family, M.W. is talking about the morality of life insurance wrappers! traders are the worst people - especially those who engage in financial virtue signaling.

Hi newwurldmn,

I appreciate your comments.

And if M.W. reads this, I want him or her to know, I hold
no ill-will towards them. Quite frankly, I've experienced
too much in life, both good and bad to take another
person's opinion personal.

I wish M.W. and every trader/investor on these Forums
all the best and continued success.