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Investing for Retirement (1 Viewer)

SiouxperStack

SiouxperStack

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I recently came across Curtis Ray through a shared video. He promotes MPI accounts and claims the compounding interest from the account can lead to higher retirement payouts than a 401k. He has many followers and tons of videos showing how the math works in your favor but not really explaining how, other than an 8% compounding interest return.
Just wondering if anyone on here has explored MPIs or has investment advice they’d be willing to share.
Here’s an example. https://vm.tiktok.com/ZMJnRKbuq/
 
I’ll just throw out a question: If you had a guaranteed model that paid better than the rest, would you personally share it with the world or just exploit it yourself?

I work in the field. I do not believe there is a ‘secret’ that others are willing to share for YOUR benefit...though many, many out there share for THEIR benefit.

Just my thoughts...
 
DZPoker said:
I’ll just throw out a question: If you had a guaranteed model that paid better than the rest, would you personally share it with the world or just exploit it yourself?

I work in the field. I do not believe there is a ‘secret’ that others are willing to share for YOUR benefit...though many, many out there share for THEIR benefit.

Just my thoughts...
Click to expand...
So.

You're HIDING THE SECRET.....

Gentlemen.... You know what to do..... Get the waterboard!
 
Too good to be true = too good to be true.
401k match = instant return so if your company offers 50% match that is 50% return. Then earn return on that too.
Get rich steady is more likely than get rich quick or variable annuities with loads and surrenders
 
DZPoker said:
Well clearly....have you not seen by bottom-barrel chipping budget??? You too can have no money to spend on nice chips!!!
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Wait. I could have spent money on Nice chips or retirement?

What am I gonna do with all these cards.... Sonofa....
 
I didn’t do a deep dive, but I’d be wary. Especially with that leverage— if you’re levered and lose, you still have to pay the 4% cost of the leverage, which seems to me would come out of your principal. They’re basically selling an insurance product, and I’d want to know what the fees and costs are associated with that. And what amount do they take from you as performance and management fees annually.

There is no such thing as a free lunch here.

I work in the alternative asset management industry, with access to very sophisticated investment strategies, and even so, I’m a big believer in low-cost index ETFs. Vanguard especially.

Edit: I think you’d have more luck with @pltrgyst’s underpants strategy. This guy looks like a used car salesman. Act accordingly.
 
gopherblue said:
and even so, I’m a big believer in low-cost index ETFs. Vanguard especially.

Edit: I think you’d have more luck with @pltrgyst’s underpants strategy.
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Re: Vanguard ETFs: 100% agree.
Re: underpants: has been working for me so far though!!
 
gopherblue said:
I didn’t do a deep dive, but I’d be wary. Especially with that leverage— if you’re levered and lose, you still have to pay the 4% cost of the leverage, which seems to me would come out of your principal. They’re basically selling an insurance product, and I’d want to know what the fees and costs are associated with that. And what amount do they take from you as performance and management fees annually.

There is no such thing as a free lunch here.

I work in the alternative asset management industry, with access to very sophisticated investment strategies, and even so, I’m a big believer in low-cost index ETFs. Vanguard especially.

Edit: I think you’d have more luck with @pltrgyst’s underpants strategy. This guy looks like a used car salesman. Act accordingly.
Click to expand...
Yeah he seems like snake oil salesman. I appreciate your input.
 
Follow Dave Ramsey plan

invest steadily
Match beats Roth beats traditional

I gambled on Apple since ages ago and my personal Roth grew faster than average

but match with mutual funds 5% of your salary will make you a multi millionaire by 70 ive done the math

just the SS scam money they steal you will never get back if you invested from 20 to 70 you would have millions and it would never leave your estate
Wonderful system
 
SiouxperStack said:
Yeah he seems like snake oil salesman. I appreciate your input.
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I mean, he’s on Tiktok. That tells you all you need to know. His “idea” isnt new and I’ve seen variations on it for years. You get killed on the fees and at the end of the day, he’s selling a crap insurance product.

Max out your 401k, especially if there is a company match...that’s free money. Invest it in the lowest fee index funds available in your plan. And if you leave the job, roll it over to a low cost brokerage IRA, and put it in Vanguard ETFs and never touch it. Vanguard ETFs are better than Vanguard mutual funds for two reasons: can be bought and sold anytime the market is open ( not just at the end of day, like a mutual fund), and the Vanguard ETFs typically have the lower fees/expenses of the Vanguard Admiral shares.
 
Please say no, get the f&^% out of my life. Snake oil. Likely borderline fraud. I'd be shocked if this slime ball is acting as a fiduciary - though the rules on that got gutted the last few years.

It is borderline impossible to out perform the matching on a retirement account without taking on huge amounts of risk. Without the matching, the options are a lot closer than one might think. For most of us, the Qualified Dividend / Capital Gain exclusion makes all the difference in the world.

Basically we should all be highly invested in the equity markets and avoiding the bond markets our working life. Even after you retire it likely will be best to be holding a fair amount of risky investments. Life expectancy at age 65 is roughly 20 more years < less if you live in the USA :dead: >

An investment advisor peddling some form of universal life insurance is doing you no favors. If you need life insurance, then buy term and invest the rest.

All too often, podcasts are ways to shove shit into your brain. Novice investors are easy marks for dubious "advisors"

Please spend the money for an independent investment advisor. Making life changing decisions based on stuff not understood is a bad idea. Retirement security is worth paying for a couple of hours of professional advice.

Don't be that sucker -=- DrStrange
 
Investopedia says that unless you have a very high net worth, it’s better to invest in a 401(k) and choose term life insurance instead of investing in MPI or IUL accounts.
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My personal strategy:
1, Don’t hold credit card debt (you should not hold any high interest lines of credit)
2, Fill up your 401k and stick to low fee funds like index trackers.
3, Pay of your mortgage as quick as you can (right now interest rates are at an all time low so there is some flexibility here but this is only relevant now). Personally I’m paying mine off as fast as I can.
4, Depending on your real estate market, consider a rental property or two.
5, If you can, fill up a backdoor Roth IRA
6, If you have money left over and don’t mind some risk, some speculative investments may be fun - e.g. bitcoin, Tesla etc.
 
Darson said:
If you have money left over and don’t mind some risk, some speculative investments may be fun - e.g. bitcoin, Tesla etc.
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Follow part one of the sentence, and then I agree 100% with part two!!!!!
 
I appreciate everyone sharing their opinions. I figured this guy was a con-man but was curious to know if anyone came across MPIs and his “always be compounding” plan.
 
Darson said:
My personal strategy:
1, Don’t hold credit card debt (you should not hold any high interest lines of credit)
2, Fill up your 401k and stick to low fee funds like index trackers.
3, Pay of your mortgage as quick as you can (right now interest rates are at an all time low so there is some flexibility here but this is only relevant now). Personally I’m paying mine off as fast as I can.
4, Depending on your real estate market, consider a rental property or two.
5, If you can, fill up a backdoor Roth IRA
6, If you have money left over and don’t mind some risk, some speculative investments may be fun - e.g. bitcoin, Tesla etc.
Click to expand...
Literally Dave Ramsey 101
This is exactly it
 
HaRDHouSeiNC said:
Literally Dave Ramsey 101
This is exactly it
Click to expand...
Don’t know who he is but did a tiny bit of reading. Sounds like he recommends paying of your lowest borrowings because it encourages better financial behavior. Of course, it makes more financial sense to pay of the high interest stuff first but that requires discipline.

Discipline is essential for long term growth. Steady investing is what gives you steady gains.
 
Yep 100% low fee indexes. Compare them to the “we know how to invest your money” managed funds even before you factor in their fees which compound to quite a nice size of lost potential gains over time.
 
So I started talking to a financial advisor about 18 months ago and not being a 'high worth individual' I'm not making any assumptions that I'm getting the best of the best here, but unless you are maxing out a bunch of accounts that are basically on auto pilot, it seems like the fees these people charge are not worth the return on investment increase they are providing.
 
I have less than zero interest in keeping track of the house of cards that is the stock market and making individual investments. All my money goes in Vanguard targeted year mutual funds and I use my brain power for stuff that I find more interesting.

When I first started investing I thought about buying shares of Steak 'n Shake (because I like the food) - this was before shithead Bilgari owned them and started to destroy them. Did some reading and they were beginning a big expansion. Asked my sister about it - she had just finished her business degree and was working at Moody's and rating stocks related to hospitality. She persuaded me not to buy because their expansion plan wasn't good, too much debt, yada yada. I checked the stock price a year later and it had doubled. I don't ask my sister for investment advice anymore. :LOL: :laugh:
 

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