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Author: Rayvt Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: Hi gang... wow!!! Date: 9/23/2013 1:13 PM
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Recommendations: 31
I bite back, that's true, but I do NOT attack people first.

Sure you do.

Here's a thread back in March: http://boards.fool.com/7702-private-plans-indexed-universal-...

Here's your second post on that thread (your first was a mention that you had just bought an IUL): "What's the matter, Rayvt, did someone who beat you at soccer grow up to be an insurance agent? You sure have a hard-on for insurance companies and the people who sell their products." #71523

Two posts later, #71525 "So go ahead, Rayvt, put your money in the S&P and have a blast."

Amusingly, you touted a link to an article titled "The Next Stock Market Crash: Why Many Pros Think It Has Already Begun"
and the S&P500 has gained 14% since then.

My first mention of you was #71562 where I said:
"CC you are much too emotional about this.
Letting your emotions control your investing is well-known to be detrimental to your investment success. Someone who is driven by their emotions is far better off in some fire-and-forget strategy. So for them perhaps a IUL is the least-bad method."

Wow! What a biting attack! I had no idea that I was so harsh.

And "Yes, I get that IULs have a guaranteed floor and you never ever lose money. For some people, that's the #1 most important thing. I get that. You don't mind that you'll only have half the money when you retire -- just that you never see your account value ever go down. I get that."

Unfortunately, my next sentence was a meanspirited crushing attack:
"See you at Walmart -- I'll be the guy that you hand the cart to."

I neglected to consider that not everybody reads me enough to know that this is one of my favorite sayings that I say about myself when discussing investment risks.

You were then driven to fight back in self defense: #71563
"It appears YOU are the emotional one, Rayvt. What else can be said about someone who INSISTS that EVERYONE follow HIS path to financial success. Oh, that's right...I forgot you're a librul. 'Nuff said.
An IUL is suitable for many people, but you won't admit that. You INSIST that EVERYONE accept what YOU say about them, "

When in fact what I had previously said was:
"Look, this isn't hard. Math doesn't lie. The historical data is readily available. I put up the equity curve charts. I was as fair as I could be. I used the actual S&P500 data, and used the exact floor & cap rules and figures that you and Dave said."


======== New topic ===============
It was this thread where you proposed the parameters for the backtest. The initial & monthly deposits that resulted in a final value that you found impossible. #71594
"~ Self-traded S&P 500 vs. IUL (with 12% cap)
~ January 1975 (age 28) to December 2012 (age 65) [37 years of systematic contributions]
~ Monthly contribution: $1,000
~ $10,000 initial contribution
~ Annual point to point"
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