Comments on: Book Review- Killing Sacred Cows by Garrett Gunderson

By: Lee

Lee — Thu, 29 Oct 2009 14:47:08 +0000

This guy is a joke. He is very uneducated and simply trying to sell his services through shabby marketing and his poorly written book. If you need real advice seek a qualified financial planner that is certified not this salesman in a slick book. I cannot believe they put this guy on TV.

By: James

James — Sat, 28 Feb 2009 05:11:43 +0000

Your comment of, “As for life insurance, if investing the difference in premium prices results in more money over time (which it almost always will do), it seems term life would be better.” is totally and utterly false. Term insurance is the most expensive type of insurance you can own and almost no one EVER invests the difference. Even if they did, you have to take into account the taxes, management fees, and market fluctuations. Investing has NO guarantees and Whole Life has MANY guarantees.

However, and this is the most important, by comparing Whole Life Insurance to an investment you are comparing it to the wrong thing. It’s apples and oranges. Whole Life is a fixed income product and will generate fixed income rates of return. Essentially, it is a bond or CD with life insurance attached to it.

A stock or mutual fund is an equity product and will of course generate higher returns (in theory) because of the nature of the product.

If you are going to compare Whole Life to something you must compare it to a LIKE product such as a bond or CD. Whole Life insurance is the best fixed income product on the planet and works as an amazing asset allocation decision within and overall investment portfolio.

If you’d like to understand how economics and macroeconomic strategies work please email me. I’d be happy to educate you.

By: Ralph

Ralph — Sat, 14 Feb 2009 01:36:21 +0000

This really has me thinking in some new ways. I need to learn more.

By: MyMoneyYourMoney.com

MyMoneyYourMoney.com — Sat, 18 Oct 2008 19:50:40 +0000

Thanks RC… Just sent you an email.

By: RC

RC — Thu, 16 Oct 2008 00:13:24 +0000

Sorry for the delay guys- didn’t men to keep you in suspense!-The winner is….MyMoneyYourMoney! Will be sending you an email this evening.

By: Curious

Curious — Wed, 15 Oct 2008 12:12:38 +0000

Who won?

By: MyMoneyYourMoney.com

MyMoneyYourMoney.com — Thu, 09 Oct 2008 18:49:32 +0000

Am I too late to enter to win a copy of this book.

You have a nice blog..

I am preparing an article “Zero dollar bills: Do you feel heat?” for my blog -mymoneyyourmoney.com and used a reference from your recent post about “increase 401K contribution”.

By: RC

RC — Thu, 09 Oct 2008 03:26:28 +0000

@Uncommonadvice: You are right about that, it seems like many books these days are like that. It did make me think, and even if I don’t like or agree with advice in a book, I usually like it if it makes me think.

By: Uncommonadvice

Uncommonadvice — Wed, 08 Oct 2008 22:45:45 +0000

It’s difficult to find a personal finance or property book nowadays that isn’t basically an oversized promotional flyer for some website or series of seminars. It is necessary to look through that aspect and judge whether you learned anything of worth from the book. By the sounds of it this book made you think – what more could you ask for?

By: RC

RC — Tue, 07 Oct 2008 10:56:05 +0000

@ Jane & Teri:
Got both of you in for the book contest.
Even though much of the advice seems counter to what we hear on a regular basis, and I am not ready to give up on my 401k yet, the book did make me think more about my current situation.
Good Luck!

By: Teri

Teri — Mon, 06 Oct 2008 12:08:30 +0000

I would like to win a copy of this book although it does seem to run counter to some of the things I’ve been reading. Putting my money into real estate does not seem like a safe bet although my 401K doesn’t seem like such a safe bet either.

By: Jane

Jane — Sun, 05 Oct 2008 14:32:01 +0000

Wow! This book really runs counter to much of what I think I ought to do to manage money. Right or wrong, it would provide a real opportunity for me to rethink my assumptions and see how good they really are.