Admiral Motti: This station is now the ultimate power in the universe! I suggest we use it.
Darth Vader: Don’t be too proud of this technological terror you’ve constructed. The ability to destroy a planet is insignificant next to the power of the Force.
Admiral Motti: Don’t try to frighten us with your sorcerer’s ways, Lord Vader. [Vader walks toward Motti, then slowly raises his hand] Your sad devotion to that ancient religion has not helped you conjure up the stolen data tapes, [begins to sound strained] or given you clairvoyance enough to find the Rebels’ hidden fort— [grasps his throat as if he is being choked]
— Star Wars: Episode IV
*****
Every month I read something in one of the trade journals about some new whiz-bang investing platform… or alternative investment… or some other new (usually untested) financial strategy…
And while many for-real financial planners, registered investment advisors, and true-blue experts (real experts, not ex-spurts), are quite conservative… many are not.
Financial gew-roos and ex-spurts (phony experts, including many of the up and coming financial bloggers) are like Admiral Motti. They don’t “believe” in the power of the dork side.
It’s all about robo-advisors… new whiz bang apps… high-tech whozits… and newfangled tartinkas…
Everything is an algorithm.
A trend.
Something quantifiable in dollars and cents.
Long-term?
What’s that?
Long-term is like… 6 months… MAYBE a year. 2 years is like… eternity.
Whole life insurance is… “old,” “outdated,” a “relic from the past.”
It hasn’t fundamentally changed in over 150 years…
It has no place in today’s world, they say.
Well…
Don’t be too certain of these technological wonders they’ve created.
The ability to earn 8% in the stock market pales in comparison to the power of the dork side. Many of the wealthiest businesses and business owners you’ve ever heard of (and many you haven’t) have used it to build massive fortunes…
John Wanamaker…
James Cash Penney…
McDonald’s…
TD AmeriTrade (which is a brokerage firm selling investments to the general public, ironically)…
And so on…
Anyway, Yours Gluteny got himself an awful idea… a wonderful, awful idea. He went ahead and made a video to demonstrate how it all works.
And how you can benefit right now… even if you don’t have any insurance (or even if you do).
Linky-poo here: