The Old Ideas on Saving & Investing Don’t Work — Here’s What Does
>I recently wrote a guest blog for the plonkee money blog entitled Saving 10 Percent Is Death.
Juicy Excerpt: It is a bad idea to consult a rule of thumb when deciding how much to save. Effective saving plans are customized saving plans, not prefab saving plans. What you need to determine is, what percentage of [...]
I’ve added Elizabeth’s story to the Middle-Class Millionaires section of the site.
Juicy Excerpt: I woke up around DJI 13200, realized I had a lot to learn and had better learn it fast, and found this site. I now have cash sitting in MMFs that has not disappeared out of my retirement funds. I [...]
Passive Investing is an approach in which you stick with the same stock allocation despite wild price swings. It became hugely popular during the wild bull. Its popularity is now in the process of bringing about the largest loss of middle-class wealth in the history of the United States (presuming that stocks perform in the [...]
Intimidation undermines science.
Intimidation interferes with the reasoning process.
Intimidation causes confusion.
Intimidation turns friend against friend.
Intimidation biases research.
Intimidation can trump logic for a time.
Intimidation causes worry about the long term because intimidation cannot trump logic indefinitely.
The use of intimidation reveals the weakness of an argument.
Intimidation is bad manners.
The desire to make use of intimidation comes from [...]
Please don’t come to this site looking for advice on sophisticated investing transactions. I’ve got my hands full changing how the world thinks about the basics!
In all seriousness, I do not study the sophisticated stuff. If there were more hours in the day, I would have a go at it. The basics matter to more [...]
I take dips into the Post Archives of The Great Safe Withdrawal Rate Debate from time to time, just to see. It can be a weird experience. I’ve learned a lot during the past six years. Going through the archives often puts me face to face with an earlier version of me. Sometimes I am [...]
1) I write a guest blog entry at the Clever Dude blog entitled A New Approach to Staying the Course. I say: “If you, like me, believe that it is possible for prices to be too high, then you should not be sticking with the same stock allocation in your effort to Stay the [...]
The great thing about studying what investors say on discussion boards is that you learn about how things work in practice, not theory.
Investors have been told for 25 years now to follow buy-and-hold strategies. And they say they do. But do they really?
I’ve seen hundreds of comments indicating otherwise. One thing I’ve seen a [...]
The Tight-Fisted Miser blog has posted a review of my book Passion Saving: The Path to Plentiful Free Time and Soul-Satisfying Work.
Juicy Excerpt: This book is more about motivation than nuts and bolts. He distinguishes between what he calls Sacrifice Saving and Passion Saving. If you can change your mindset to see saving as [...]
We all know what’s good about stocks. Stocks provide great long-term returns.
Is there anything bad about stocks?
There is. The bad thing about stocks is the price volatility. You never know where you stand. One day your net worth is $100,000. If the money is in stocks, the number a year from today might be $130,000 [...]
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