Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Buckets of Money LIVE
Old 10-11-2010, 06:05 PM   #1
Thinks s/he gets paid by the post
Scrapr's Avatar
 
Join Date: May 2005
Location: Portland
Posts: 1,708
Buckets of Money LIVE

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?
Scrapr is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-11-2010, 07:37 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
Wow! Ray has really changed. We went to see him in Philly in '08 and he had donuts, danish and juice!

Seriously, sounds like the REIT bit is being pushed a good bit more now vs. then even though I seem to recall the typical returns being quoted were 10ish.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 10-11-2010, 08:48 PM   #3
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
The worst thing about Buckets of Money is Lucia - hawking non-traded REITs in particular. His best move was his first book. Nothing new since than except annuitizing 20% after retirement.

I learned a lot from him for about 6 months, then less and less. Otard, Frank Armstrong, and several others have emerged as equally smart and much less cocky.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 10-12-2010, 09:03 AM   #4
Thinks s/he gets paid by the post
teejayevans's Avatar
 
Join Date: Sep 2006
Posts: 1,691
No donuts because of people like you aren't buying those REITs.

I heard him on his radio show trying to explain that you paid hidden loads on
the traded REITs, you just don't see them. He said you get 6% from the non-trade
vs 4% from traded, that over the long haul, paying the load up front instead of
every year is cheaper.
It involved a big assumption, that you get a extra 2% pop from non-traded REITs.

Anybody on this board can confirm or deny that NT REITs (Today!!) still return
close to 5-6%?? VG REIT yields 3.21%, so if they do, he has a point, long term
you would be better off with NT REITs.

TJ
teejayevans is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buckets of Money Strategy AlanS FIRE and Money 46 02-20-2012 05:49 AM
Buckets of Money JJtheNav FIRE and Money 30 12-16-2009 08:53 PM
Buckets of money rpow53 Life after FIRE 12 01-03-2009 08:15 PM
Buckets of Money Spreadsheet Alan123 FIRE and Money 2 05-31-2008 06:16 PM
Ray Lucia...Buckets of Money ferco FIRE and Money 122 10-04-2006 05:15 PM

» Quick Links

 
All times are GMT -6. The time now is 06:37 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.