I have been researching the Bank on Yourself (BOY) whole life (WL) strategy and I have so far found the perceived potential to be very intriguing. The easily available BOY material is very infomercial-like or lacking in detail. The Lafayette WL insurance illustration I received from a BOY representative was informative and appears to summarize a legitimate wealth appreciation strategy.
To assist me in my decision, I would like to request information of two types:
1.Any information or comments from individuals who have and use a Bank on Yourself WL policy.
2.Comments from individuals who know of and investigated the BOY strategy but decided NOT to implement a policy. I would greatly appreciate some of your reasons.

While this strategy uses WL, it appears to be a specific type of policy written by a “mutual” insurance company designed to minimize the death benefit and maximize the “Cash Value”. This maximization is achieved by using Paid-Up-Addition-Riders (PUARs). This WL policy type provides several flexible features that are different from my 401K and Roth IRA. I understand the conventional wisdom that states stay away from WL; buy term and invest the rest. So, I understand this statement but I am interested on BOY information.
Thanks, I appreciate your responses.

I’m a business student and currently signed up for an online trading website with a small amount of(the minimum 0 it required) deposit. I just wanted to experience how the stock market works and hopefully make a few bucks. I diversified my investments into 3 different companies and they’ve been doing pretty well these couple of days.

However, it charges me every transaction no matter how many shares I buy/sell.So I feel I’ll be happy if I break even by making (commission to buy&sell) but I’m still losing money on all of them since the gain on each stock did not exceed which will be taken out from my account balance automatically.

I understand I need more experience and knowledge but is there such thing as strategies for trading stocks with small capital? Should I not have diversified my investments? Or should I invest more money since the 0 won’t take me anywhere?

I am new to the idea of investing i am a 21 year old US soldier and i would like to start thinking of ways to make money in a long term plan. What are some good strategy’s to look into that have worked for you?What websites are good tolls to use to monitor the market? Is th better to go through a broker? if so do you recommend one? I know this is a lot of questions i really appreciate all your help.

I have 40% stock, 40% bond, 20% cash. Would it provide real downside protection if i put say 5-10% in short mutual funds like Prudent Bear or PIMCO Short Strategy?

What do you think they are up to? Regardless of political party affiliation that is nothing more than a show, a divide and conquer strategy. Our Government does NOT do anything out of the kindness of their own heart to bring change to the American people. The truth is, everything our Government does is planned and organized to solely to benefit them. They will tell you one thing and do another, they have hidden agendas in everything that they do. Such as, the poor economy, why waste a tragic event when they could put a twist into their intentions and make something more out of it while the people believe what they are doing? Everything is a good idea up front, painting a rosey picture with underlying reason for doing what they are doing. MONEY and CONTROL!!!! Such as, social security, medicare, taxes, etc.

Our government is collecting taxes from us big time, I understand that roads need to be repaired, they have to pay the police and fire protection, national defense, etc. I understand that everyone must pay their “fair share”, but it is ridiculous. The average American citizen pays so many unfair high taxes and our government just pisses our money away. If you think about it hypothetically, if one person pays approximately 0 each month in federal income taxes times approximately 100 million people who are working, this is equivalent to 50 Billion dollars each month and 600 Billion annually. That is a lot of money and that is a low ballpark figure!!! In addition, our government expects us to file annual income taxes, the IRS breathes down our throats like Gestapo tactics keeping us in fear! They pay particulatly close attention to what each and every American makes as earned income keeping us pegged down financially at all times. In addition, our Government also expects us to pay capitol gains taxes on any investments that we our fortunate enough to accrue some interest on investing in Americas future. However, we can not determine what our government is actually doing with our money. They can audit us, ride our butts for all kinds of taxes ( Federal, State, Local, County, School, Property, Capitol Gains, Gift, Estate, etc.), but we the people can’t ask our Government to see their records? www.readthestimulus.org

Is this some sort of U.S. Government takeover that is happening? Is this our Government’s hidden agenda to assume absolute total control of their people? Slavery?

Our Government in the last year(s) has:

Control of the Banks
Control of the Auto industry
Control of the stock market
They have spent Billions upon Billions of OUR taxpayer dollars on frivolous matters devaluing our currency and boosting inflation through the “bailouts”, tarp, omnibus,
The so-called economic recovery package, stimulus bill, etc.
The are attempting to control the health industry.
Our government has built themselves much bigger, and they have created so many Government jobs while civilian jobs are few and far between, and regular jobs, businesses, corporations are being sent overseas. We spend so much of our money on importation of goods and services, it is like a monopoly game….. there is no money in the bank, no money in circulation, and the Government owns everything on the game board!!!

All of THIS that they are doing or have done will make the majority of us directly working for and totally dependent on big brother.

Something stinks!!!!

Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. Heidi keeps track of the drinks consumed on a ledger (thereby granting the customers’ loans). Word gets around about Heidi’s "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi’s bar. Soon she has the largest sales volume for any bar in Detroit. By providing her customers freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.
Consequently, Heidi’s gross sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi’s borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.
At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don’t really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.
Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses. One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi’s bar. He so informs Heidi. Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs. Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.The suppliers of Heidi’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers. Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from their cronies in Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Heidi’s bar. Any questions?