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09-16-2015, 03:47 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2015
Location: philly
Posts: 1,219
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Crash proof retirement??
anybody ever see these commercials? Just saw it the first time today. a guy name Phil some thing or another.
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09-16-2015, 04:50 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,912
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Don't recall that one in particular, but I usually skip through such ads on the DVR. Been there, done that with "sales" of financial products. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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09-16-2015, 04:59 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,299
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Never heard of it, but easy to find online. I'd be more than a little skeptical...without even reading about it. If it sounds too,good to be true...
Crash Proof Retirement | Created by Phil Cannella
Ripoff Report | Phil Cannella Complaint Review King of Prussia, Pennsylvania: 854143
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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09-16-2015, 05:10 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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Easy. Take your 10k investment and invest 8k in a 10 year CD at 3% and invest the other 2k in a S&P500 index fund. You can be guaranteed not to lose and have the possibility of gaining from the stock market. Plus you'll be ahead by not paying an advisor for this BS.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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09-16-2015, 05:11 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Minneapolis
Posts: 1,172
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 Quote:
Originally Posted by bclover
anybody ever see these commercials? Just saw it the first time today. a guy name Phil some thing or another.
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Maybe it's Dr. Phil... No Sex, No Drugs, No Rock and Roll.... 
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09-16-2015, 05:18 PM
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#6
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Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
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Crash Proof.
Not possible, where were you assets as a German in 1939?
__________________
I'm not crazy. Honest, the judge had me tested.
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09-16-2015, 05:31 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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Quote:
Originally Posted by Rick_Head
Crash Proof.
Not possible, where were you assets as a German in 1939?
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Well if that's the criteria, then there's nothing left for discussion 
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Took SS at 62 and hope I live long enough to regret the decision.
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09-16-2015, 07:08 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,770
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He's been doing a lot of heavy advertising in the Philly area since beginning of August. You should go and report back. I need a good laugh.
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09-16-2015, 08:24 PM
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#9
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Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
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__________________
I'm not crazy. Honest, the judge had me tested.
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09-17-2015, 11:16 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2015
Location: philly
Posts: 1,219
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Lol between him and then the Pope.
Sent from my SPH-L710 using Early Retirement Forum mobile app
__________________
My darling girl, when are you going to realize that being "normal" is not necessarily a virtue? it sometimes rather denotes a lack of courage~Aunt Francis
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09-17-2015, 01:03 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Posts: 2,511
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from looking online, looks like insurance products, annuities etc.
crash proof until the insurer can't cover it.
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09-17-2015, 03:41 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Probably selling hybrid annuities or variable annuities with income riders. Run far and run fast!. I think there is an argument for SPIAs or a fixed deferred annuity for longevity insurance in some circumstances....but if you want to invest in the stock market insurance products are a very expensive way to so it.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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09-18-2015, 09:54 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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It's just so hard to trust anyone in the investment world. They all have their hands in your back pocket--chances are. The only crash proof investments have little growth in the good times, too.
Just be thankful if have sufficient liquid assets where you don't have to cash in any stock related assets--until the market settles down.
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09-18-2015, 10:07 AM
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#14
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Full time employment: Posting here.
Join Date: Apr 2011
Location: Castro Valley
Posts: 788
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He sounds like a snake oil salesman. Last year an infomercial came on tv with Scott Yancy pedaling "get rich flipping real estate". Of course, they never give any details about their products during the infomercial. They were having a free one day seminar locally. So for entertainment purposes only, I had to go and find out what they knew that nobody else knows.
They did not release any secrets during the free seminar. They were selling a 3 day $2000 seminar. I went online and found out that the 3 day seminar was selling the 10 day $40,000 seminar. The reviews on that seminar were pretty bad too. Bottom line, they were selling seminar's.
My guess is there is no secret sauce here either.
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09-18-2015, 10:32 AM
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#15
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Dryer sheet wannabe
Join Date: Sep 2015
Location: Pittsburgh
Posts: 10
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Crash Proof Retirement?
I thought that was a book written by Peter Schiff.
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09-23-2015, 06:43 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
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That's Dick Morris on the expert guest panel
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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