SilentWorld

Seems fake 

3 hours ago, mclumber1 said:

 

Is Canada's system paid for with taxes or via your employer?

Taxes. 

4 minutes ago, CastlevaniaNut18 said:

You can't count to 3?

Mandela effect 

There’s been so many popes over the past 15 or so years I can’t even keep track anymore 

49 minutes ago, Jose said:

 

https://www.thebalance.com/stocks-vs-bonds-the-long-term-performance-data-416861

 

Anyway, here's a link talking about bonds. To say that bonds perform better than whole life even after using part of the bond to buy term is again a falsehood. Bonds perform very similarly yo whole life, but without an added death benefit to protect your family. 

No. This is just wrong. 

37 minutes ago, Jose said:

 

Not everyone is a pure  life insurance agent. Some work as financial planners and some work as fee for consultation brokers. The latter still recommend whole life because it's a great part of a diversified portfolio. The reason I push back is because he said the commission came out of the product, which I have yet to see any evidence of. That's just disingenuous.

I provided you a link saying exactly that, so I don’t know why you’re calling it “disingenuous.”

3 hours ago, Jose said:

 

Or the notion that the policy itself pays the agent? These are all lies amd your lack of evidence shows that.



I'm surprised that you're pushing back so much on this (going as far as to call that other dude a liar). I thought it was common knowledge that insurance salesmen get paid on commission and are considered to be one step above used car salesmen (or below depending on who you're asking) . 

Here you go:

Quote

Commissions vary by policy and company, but life insurance agents often receive 80% to 100% of the first year’s policy premium as commission. 

 

“In fact, most of the time companies are in the hole in the first year,” notes Glenn Daily, a fee-only insurance advisor in New York City. Those commissions and other costs are why most permanent life insurance policies, such as whole life insurance, build no cash value in the first year.

In general, whole life insurance is a TERRIBLE idea if there's any possibility you will cancel the policy in the short term (if you cancel in the short term there are significant fees that pretty much eat up the whole value of the policy)... pretty bad if you might cancel the policy in the medium term (if you cancel after 10 years, you'll basically get your principal back)... and borderline ok* if you 100% know you'll keep the policy for 20+ years.

The main benefits of a whole life policy are tax sheltered growth, and the fact that life insurance payouts are not subject to estate tax. So, for very wealthy people, whole life goes from being "borderline ok" to a pretty good idea. 

*Whole life is a bundled product -- life insurance PLUS an investment product. When I say it's borderline ok, what I mean is this: After 20 years, you'll end up with a cash value roughly about the same as if you had taken your premiums SUBTRACTED the premiums of a term 20 life insurance policy and invested the remainder in bonds. So... when I say it's borderline ok, that's ONLY true if you actually want/need life insurance. If you don't need/want it, then you'd be better off investing the cost of the premium elsewhere. My sister bought whole life on her freaking baby! What a stupid idea! Why does a baby need life insurance. 

Sarah Silverman is getting in on the action. 

https://www.cnn.com/2018/07/26/entertainment/sarah-silverman-tweet/

can he do that.

“Both sides”

18 minutes ago, CitizenVectron said:

 

 

Oh it's already on the way! And this time the government probably won't even boost spending!

I’m so excited.

Maybe we could have another 2008.

2 hours ago, RedSoxFan9 said:

 

vEnEzUeLa

I wonder why no one mentions Argentina. 

3 hours ago, SFLUFAN said:

That's when they'll suddenly discover the word "nullification".

Whats nullification?

1 hour ago, Jwheel86 said:

3 of the 4 most successful politicians in the last decade were Obama, Sanders, and Trump. They all have one thing in common: a year or two before they entered their campaigns NOBODY in DC politics thought they had a chance and laughed at anyone who said they did. There is a universal anger in this country on left and right because the relief valve of politics, the moderates, can't function as actual moderates without losing the only reason they got there: the money. Lieberman knew he was fucked in Connecticut without insurance company money backing him. When moderates can't function the electorate will only go more extreme in search for someone to fix it: for the left that was Obama then Sanders, for the right it was Trump. 

 

Obama's failure to go after money in politics is what led to Trump. 

who's the fourth?

Just now, PaladinSolo said:

Blackburn is a nutter, like Roy Moore, might be a deep red state but candidates do matter, especially when shes up against a former Governor that was well liked, hes also not likely to be chanting abolish ICE anytime soon either though, lol.

It seems impossible to imagine a sane GOP candidate. 

1 hour ago, PaladinSolo said:

 

It seems possible the Republicans may lose every single seat up for election in November.

28 minutes ago, marioandsonic said:

Not holding my breath for that one.

Just imagine tho 

Now this is what I like to see 

It’s possible that the dems could have a Reagan-esque level landslide in 2020. 

20 minutes ago, finaljedi said:

Apparently he has a controlling interest in Tesla, so they won't be able to Palmer Luckey him if he gets too rambunctious.

Give it a year or two and it'll be the bankruptcy trustee forcing him out. 

Looks like he deleted his tweets. I wonder when the next tantrum will be. 

14 minutes ago, Scape Zero said:

 

Wait what the fuck? Why is he calling him a pedo? Is there missing context here, or is he just having a break down?

There's no missing context. Thailand is a hot spot for sex tourism and for child sex tourism and there is a stereotype (that's not entirely untrue) about the kind of expats that live there. But there's no reason to say that this guy specifically is a pedo or even a sex tourist. 

He just doesn’t know when to shut up.

4 hours ago, MarSolo said:

I have shit credit so this thread just really depressed me even more. I maxed out two credit cards in a year long drunken binge after a bad breakup, losing my job, and grad school.

How long ago 

I had some bad marks on my credit but like it goes away after 7 years.