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Posts Tagged ‘Women’

I have serious reservations about buying an engagement ring. Women: Tell me what you think of my alternative.?

23 Apr

I know that engagement rings are important to women. If I loved a woman so much that I wanted to marry her, I naturally would be happy to buy one.

Here are the problems. First, the diamond has no intrinsic value other than that given to it by society. It is only a shiny rock. I understand why you’d want to do something romantic and I wouldn’t be looking to save money. How about spending the same amount of money on her but for something more practical and for the romantic part, expressing my feelings in some other way? For instance, how about a several thousand dollar annuity and a proposal in a romantic place with a love letter for good measure.

If those were my only reasons, I’d still buy the ring if it were important to her. Here’s the second and much more serious problem. A lot of those diamonds are harvested by the world’s worst people. For instance, there are factions in Sierra Leone fighting over control of the diamond mines. What they often do is come into a village and terrorize people. Let me be more specific. They take machetes and indiscriminately hack of hands and feet. Their victims include children. I saw a teenage girl who had grown up without hands. Speaking of marriage, who’s going to marry her? I simply do not want to subsidize such brutality.

Please state your age and relationship status.
NOTE TO <3 *:

There were several great responses but yours is my favorite. Yes, your answer made great sense and I’m impressed with your values. I was touched by your comment, “a thoughtful thing would be a vintage ring… that he thinks is pretty, one he has chosen — just to show I’m his. That’s all I want.” “Smartypants” is a lucky man.

I was under the impression that an engagement ring necessarily included a diamond. According to the responses, that is not the case; there are alternatives. Furthermore, if I were to buy a diamond ring, there are ways to trace the origin of the diamond. However, I once heard in a news report that the documentation methods are unreliable. Perhaps they’ve gotten better.

I usually accommodate those I love. However, there are some principles you don’t compromise. Refusing to encourage brutality is one of them. As long as I can do that, my fiancé can choose whatever type of jewelry she prefers – even a diamond, just not a conflict diamond.
As for the annuity idea, well, common sense dictates that I’m not going to take her out to a candlelit dinner and present her with a piece of paper! If I were to give her something of strictly practical value, it would be on a separate occasion. Business is business; romance is romance.

I definitely understand that the ring is a symbol of your relationship. And it’s a way to ward off rival suitors! So I’d buy one but does it have to be very expensive? Money is hard to come by. If you’ve ever needed it and not had it, you would understand why. My fiancé can have the money but does it have to be for something without intrinsic value?

As a footnote, some of those commenting did not understand what “intrinsic” meant. It means innate, inherent, inseparable from the thing itself, essential; comprising, being part of a whole. If the entire world is willing to pay a high price for a diamond, it still has no intrinsic value unless you’re planning to cut glass.

Thanks again.

 
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Why do women live about 15-20 years longer than men?

19 Mar

Sources: Annuity tables … financial representatives use to sell “Long Term Life” insurance.

 
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How to Get RICH Selling Insurance and Annuities to Women

23 Feb

Product Description
How do you get RICH selling insurance and annuities to women? As an insurance professional, you’ve heard that women, especially Boomers, want security in retirement, but are often confused by (and therefore, avoid) complex products like annuities. This disconnect between what they want and what they’re buying has nothing to do with income—they’ve got the money— lots of it (women now head 50% of households with high net worth).* Maddox and Smye have the explanation. It has to do with the D-Gene™. In this book, the gurus of HTGR (that’s How to Get RICH) teach you the difference between men and women when they buy insurance and annuities. There’s no hyperbole, no trade jargon—just pragmatic tips you … More >>

How to Get RICH Selling Insurance and Annuities to Women

 
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IF the US Economic system collapse as some Economist are predicting. How will Women cope?

23 Feb

What’s Dead (Short Answer: All Of It)

Just so you have a short list of what’s at stake if Washington DC doesn’t change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can’t believe, and they’re showing it as an imminent event – like perhaps today imminent.)

* All pension funds, private and public, are done. If you are receiving one, you won’t be. If you think you will in the future, you won’t be. PBGC will fail as well. Pension funds will be forced to start eating their “seed corn” within the next 12 months and once that begins there is no way to recover.
* All annuities will be defaulted to the state insurance protection (if any) on them. The state insurance funds will be bankrupted and unable to be replenished. Essentially, all annuities are toast. Expect zero, be ecstatic if you do better. All insurance companies with material exposure to these obligations will go bankrupt, without exception. Some of these firms are dangerously close to this happening right here and now; the rest will die within the next 6-12 months. If you have other insured interests with these firms, be prepared to pay a LOT more with a new company that can’t earn anything off investments, and if you have a claim in process at the time it happens, it won’t get paid. The probability of you getting “boned” on any transaction with an insurance company is extremely high – I rate this risk in excess of 90%.
* The FDIC will be unable to cover bank failure obligations. They will attempt to do more of what they’re doing now (raising insurance rates and doing special assessments) but will fail; the current path has no chance of success. Congress will backstop them (because they must lest shotguns come out) with disastrous results. In short, FDIC backstops will take precedence even over Social Security and Medicare.
* Government debt costs will ramp. This warning has already been issued and is being ignored by President Obama. When (not if) it happens debt-based Federal Funding will disappear. This leads to….
* Tax receipts are cratering and will continue to. I expect total tax receipts to fall to under $1 trillion within the next 12 months. Combined with the impossibility of continued debt issue (rollover will only remain possible at the short duration Treasury has committed to over the last ten years if they cease new issue) a 66% cut in the Federal Budget will become necessary. This will require a complete repudiation of Social Security, Medicare and Medicaid, a 50% cut in the military budget and a 50% across-the-board cut in all other federal programs. That will likely get close.
* Tax-deferred accounts will be seized to fund rollovers of Treasury debt at essentially zero coupon (interest). If you have a 401k, or what’s left of it, or an IRA, consider it locked up in Treasuries; it’s not yours any more. Count on this happening – it is essentially a certainty.
* Any firm with debt outstanding is currently presumed dead as the street presumption is that they have lied in some way. Expect at least 20% of the S&P 500 to fail within 12 months as a consequence of the complete and total lockup of all credit markets which The Fed will be unable to unlock or backstop. This will in turn lead to….
* The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Collateral damage (suppliers, customers, etc) will add at least another 5-10 million workers to that, perhaps double that many. U-3 (official unemployment rate) will go beyond 15%, U-6 (broad form) will reach 30%.
* Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won’t be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go “feral”; witness New Orleans after Katrina for how fast, and how bad, it can get.

The good news is that this process will clear The Bezzle out of the system.

The bad news is that you won’t have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life.

It really is that bleak folks, and it all goes back to Washington DC being unwilling to lock up the crooks, putting the market in the role it has always played – that of truth-finder, no matter how destructive that process is.

Only immediate action from Washington DC, taking the market’s place, can stop this, and as I get ready to hit “send” I see the market rolling over again, now down more than 3% and flashing “crash imminent” warnings. You may be reading this too late for it to matter.

 
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