THANK YOUUU!! I've been studying the seg funds module and I just couldn't wrap my brain around it LOL! The manual makes it sound better than it actually is and I couldn't figure out WHY mutual funds existed at all with seg funds as an option. This clarified it all for me! I'm ALOT more confident about the certification exam, now!
Yeah, I opened up the manual for Seg Funds this morning, read the intro and thought 'I need a general overview before I dive into this'. Hopefully this makes the next 2 days have a little less confusion.
So I'm 35, soon to be 36. And I invest in a seg fund through I.A financial. And well the money I am investing, is solely for my retirement. Which is like 30 years from now so the growth is there. But out of the three funds I have. The one mimics the Nasdaq 100. And this fund has always outperformed the market. So having said that, I'm not concerned about not accessing the money. But I do want to at least get access to most of my principal, obviously I want growth and I took a higher risk. But I also don't want to lose my moneg. And plus like I said the returns in this seg fund has outperformed most mutual funds.
I think Mark Spitznagel says the cure can't be worse than the disease when it comes to risk mitigation. For a younger person in their 30's the MER fees could end up costing quite a lot of money in the long run. You could invest in a product like Simplify's SPD ETF that protects against significant drawndowns with significantly lower MER fees. If you factor in inflation and MER fee's are there circumstances where it would still benefit someone younger to invest in seg funds?
that must have been a rider on the policy. And yeah, now they have you trapped in the policy for 15 years. That principle that is guaranteed will be worth much less 15 years from now and they have FREE use of your money.... That stinks....
@@mahatmaheil I would speak with your accountant. We have a rep up there who may know a good one if you want any help. No worries either way. Email Chris@life180.com if you need
Thank you for this video! It appears it is for people who have enough wealth and are sure no matter what they don't have to touch the Seg.Fund savings and want it to be passed to heirs. I also heard these Seg.Funds also have the feature of Resets, to lock the current value as the new principal, and that's usually once in a year we can exercise this, the dropback what I heard is each time we reset the start date of term period(eg:15yrs) will also reset to that date.
Hi. Thanks for the comment. I'd say that they are a great option for people who have money they aren't planning on touching to guarantee what they are passing to the next generation. There are all sort of bells and whistles you can add like resets to lock in a new amount as protected principal. I think the important thing is to have an overall investment philosophy and then see where the segregated funds fit in. I've seen some people have them who have no business being in seg funds and other people who should absolutely be in them who aren't.
I'm surprised they never talked about the privacy component segs offer. have a mistress or whatever you want to quietly leave money to? Seg funds are the way. Try and leave your side piece 250k without your wife knowing, good luck
THANK YOUUU!! I've been studying the seg funds module and I just couldn't wrap my brain around it LOL! The manual makes it sound better than it actually is and I couldn't figure out WHY mutual funds existed at all with seg funds as an option. This clarified it all for me! I'm ALOT more confident about the certification exam, now!
That is awesome, have fun and good luck with getting your license.
@@morlanallen thank you! I passed all my exams 😊
@@chantal1074 congrats . I’ve passed all my certs. Have the provincial seg tomorrow.
Yeah, I opened up the manual for Seg Funds this morning, read the intro and thought 'I need a general overview before I dive into this'. Hopefully this makes the next 2 days have a little less confusion.
Lol, I just stumbled across this comment. I certainly wish someone had explained it to me this way when I was getting licensed :D
So I'm 35, soon to be 36. And I invest in a seg fund through I.A financial. And well the money I am investing, is solely for my retirement. Which is like 30 years from now so the growth is there. But out of the three funds I have. The one mimics the Nasdaq 100. And this fund has always outperformed the market. So having said that, I'm not concerned about not accessing the money. But I do want to at least get access to most of my principal, obviously I want growth and I took a higher risk. But I also don't want to lose my moneg. And plus like I said the returns in this seg fund has outperformed most mutual funds.
Sounds good. Some seg funds do really well even with the increased fee.
Nasdaq 100 did amazing this year!!!!
Thanks but it didn't get into fees
True. What would you like to know about fees?
Hi! Awesome! Thanks for the info! How about the Resets? I've heard there are Resets? Pls. Explain further. Thanks
There are resets. The best thing to do is ask your advisor which ones are available for you.
This is a great video to get the conversation going.
Should Canadians invest through local banks? Or somewhere else like private firm, etc
You should reach out to Cole@LIFE180.com - he is running our Canadian division now
I think Mark Spitznagel says the cure can't be worse than the disease when it comes to risk mitigation. For a younger person in their 30's the MER fees could end up costing quite a lot of money in the long run. You could invest in a product like Simplify's SPD ETF that protects against significant drawndowns with significantly lower MER fees. If you factor in inflation and MER fee's are there circumstances where it would still benefit someone younger to invest in seg funds?
Don't usually make sense for young people.
I was told my principle was guaranteed but the WFG sales person neglected to tell me it would be at 15 year maturity.
that must have been a rider on the policy. And yeah, now they have you trapped in the policy for 15 years. That principle that is guaranteed will be worth much less 15 years from now and they have FREE use of your money.... That stinks....
@@LIFE180 It's tanked since I made the investment. I'm wondering if I should just cash out and take the capital gain loss.
@@mahatmaheil I would speak with your accountant. We have a rep up there who may know a good one if you want any help. No worries either way. Email Chris@life180.com if you need
I found so much value in this! I am study for my license and couldn't wrap my head around it! Thank you! 🤑
You're welcome!
Thank you for this video! It appears it is for people who have enough wealth and are sure no matter what they don't have to touch the Seg.Fund savings and want it to be passed to heirs.
I also heard these Seg.Funds also have the feature of Resets, to lock the current value as the new principal, and that's usually once in a year we can exercise this, the dropback what I heard is each time we reset the start date of term period(eg:15yrs) will also reset to that date.
Hi. Thanks for the comment. I'd say that they are a great option for people who have money they aren't planning on touching to guarantee what they are passing to the next generation. There are all sort of bells and whistles you can add like resets to lock in a new amount as protected principal. I think the important thing is to have an overall investment philosophy and then see where the segregated funds fit in.
I've seen some people have them who have no business being in seg funds and other people who should absolutely be in them who aren't.
@@CanadianWhiteboardFinance thank you for the reply. Completely agree with it.
I'm surprised they never talked about the privacy component segs offer. have a mistress or whatever you want to quietly leave money to? Seg funds are the way. Try and leave your side piece 250k without your wife knowing, good luck