I’ve posted Entry #102 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called Retirement Warning: The Safe Withdrawal Rate Is NOT a Fixed Number.
Juicy Excerpt: Why is there no consensus? It’s not that there’s not a mountain of research supporting the New School approach to SWR analysis. There’s a mountain. The trouble is that the results you get when you perform the analysis are so darn shocking that a good number of prudent people just cannot get behind the idea.
Evidence Based Investing says
I notice that at FinCon12 you will be sharing the stage with Mike Piper http://fincon12.sched.org/speaker/mikepiper
His bio
“I’m a tax and investing geek, but what you’re more likely interested in is the fact that I’ve self-published 7 books (and make a living from them), and I’m happy to help you through the self-publishing process. Likely topics for discussion: 1) How to get your book on Amazon, 2) Which printing company to use to maximize your profit, 3) How to publish Kindle books, 4) Tips for successful book marketing, 5) Whatever other questions you have. 🙂”
You should take notes.
Rob says
I think it’s great that Mike makes a living self publishing his books, Evidence.
But I strongly believe that he could do that giving accurate information on how to invest. And I think he would feel 50 times better about himself if he did that.
We all need to work together to achieve the transition from Buy-and-Hold to VII. Then all the ugliness is over. No more death threats. No more defamation. No more board bannings. No more threats to get academic researchers fired from their jobs. No more economic crisis.
Are you able to identify any possible downside?
I did get in this field to destroy the lives of my friends. I don’t think that was Mike’s intention either. So we should be working together to take a sad song and make it better. Does that not make all the sense in the world?
Rob
Evidence Based Investing says
I think it’s great that Mike makes a living self publishing his books, Evidence.
But I strongly believe that he could do that giving accurate information on how to invest.
Just like you.
Rob says
Just like you.
No, Evidence. That’s NOT what I want.
Mike believes in Buy-and-Hold. As do you.
Mike should be telling people what he believes. As should you.
Where Mike and you go wrong is in denying me the right to tell people what I believe. You know it is wrong to do that and Mike knows it is wrong to do that. That’s why Mike feels bad about himself and that’s what you are always acting out.
It’s not that you should agree with me. It’s that we should be able to disagree and still be friends.
Mike should say what he believes and you should say what you believe and I should say what I believe. Then the people listening in get to hear all the different points of view and decide for themselves what to do. When the people listening in are only able to hear the Buy-and-Hold point of view, that’s fraud. Because you don’t tell people that you won’t permit people to tell them what Shiller’s research says. You tell people that different points of view are permitted. When it comes to Shiller’s research, however, it’s not so. So you are engaged in a deception. You are engaged in a fraud.
It’s not your belief that is wrong. It’s your efforts at intimidating me and people like me that are wrong.
Rob
what says
Who is denying you the ‘right’ to tell people what you believe? You spout your nonsense here all the time don’t you?
You can’t live in a public park you know?
Rob says
We should permit (and encourage!) honest posting at every investing board and blog on the internet, What.
Are you able to imagine any possible downside?
Rob
what says
Yes, the downside of having a forum with you in it is a pretty big downside so it makes good sense to exclude you, in my view (I love when you add all these extra meaningless words into your sentences so I decided to copy it!).
‘Nearly anyone except for Rob Bennett’ seems to work far better than any forum with Rob Bennett.
Rob says
Nearly anyone except for Rob Bennett’ seems to work far better than any forum with Rob Bennett.
The thing that I add is that I report what the last 30 years of academic research says honestly and accurately. If you are trying to persuade yourself to maintain belief in a Get Rich Quick scheme or to push a Get Rich Quick scheme on others, I am poison.
Is that really what you want?
I have my doubts.
You think that is what you want. You engage in desperate acts to silence those who report honestly and accurately what the academic research says. But you need to know how investing really works as much as the rest of us do, What. You suffer the effects of the economic crisis as much as the rest of us.
So I am poison to the part of you that wants to remain ignorant of the realities. But I am also the best friend in the world to the part of you that wants to move on and learn about a better way.
The side of you that fears knowledge is killing you and killing all the rest of us, What. I look forward to working with the side of you that loves knowledge to make you a better person and to make our economy a stronger economy and to make our world a better world. I wish you all the luck in the world.
Rob