Your own private family bank

[MichaelB]

Quote:

Originally Posted by henny-penny Sound interesting. Has anyone tried to do something like that? Im also interested if those insurance contracts are as safe as he claims them to be? Any thoughts?

From your intro post, you live in Norway. I’d think banking and insurance investments and regulations are quite different between the US and Norway and wonder if a US based investment strategy is available to you.

[flintnational]

I listened to the first 5 minutes and then skipped around (because its pretty poorly done). Surprise, its a whole life insurance pitch.

Homer Simpson summed it up nicely, "Extended warranty! How can I lose!"

[mystang52]

OMG, I had time to kill while on the porcelain throne so watched/listened to first part of this, then unpacked our groceries. All in, 17 minutes before I turned it off. I kept thinking to myself, "For God's sake get to the point already!" And, as at least one other responder noted, the makers of this video should have chosen a different speaker.

I have zero curiosity about the remaining portion of the video.

[MRG]

It's not for me.

[Koolau]

Quote:

Originally Posted by henny-penny No Im not.

Taking you at your word, henny-penny, please understand that new, low-post-total participants in the forum tend to be suspected as trolls - especially if they start out with such a video. Additionally, there is a fair amount of resistance to insurance products here, especially whole-life products.

My serious suggestion would be NOT to employ such a strategy as in the video UNLESS you can explain the concept in a few paragraphs so that this group can understand it. Naturally, YMMV. And, hey, welcome to the forum.

[pb4uski]

^^^^ This.... augmented by the old saying that "If it sounds too good to be true, it probably is"... too good to be true.