So Ray Lucia was in Portland (well actually Tigard) Saturday morning. It was free so I went. I'\m interested in learning how to go into the withdrawal phase. I'm 54 but still have 10ish years left. (that darn Great Recession).
I was a bit dissapointed. There was plenty of folks there to hear Ray. I'd estimate 125 on a Saturday at 9:00 am. Of course the few 4-5 brokers working the crowd too. I didn't leave any identifying info. So hopefully no calls. Just coffee and sodas. Very disapointed in that. I was thinking a few donuts, rolls, etc. I sucked down some cafe and a soda while listening to Ray do his schtick.
It appears that his buckets of money really hinge a lot on these untraded REITS. He puts em in Bucket 3 (long term) and claims they throw off 6%. Maybe they do. I don't know. But, he let drop the 10% load. Yowzers. My jaw dropped. Of course I'm a Vanguard Indexer. So anything over .25% and I'm gasping for air. Ray was making it out as you really needed to see one of his advisors to get in on these untraded REITS.
Every other bucket seemed fine. But, he's been pushing Variable Equity annuities on his show. I read his first book (really skimmed it) Went to the show to see it fleshed out a bit. Disappointed in seeing behind the curtain. And where's the dang donuts
Guess I need to upgrade to Ruth Chris steak dinners. If there's 10% load for coffe what is the load on a RCSH "free" seminar?