I’ve posted Entry #129 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Safe Withdrawal Rate Scandal Continues.
Juicy Excerpt: Even professionals are still being taken in. There was a survey of financial planners performed not too long ago that showed that only one in three believe that it is necessary to consider valuations when determining how much a client needs to have in his portfolio to finance a safe retirement. These are people who charge money for their investing “expertise.” For so long as only a minority of the professionals understand the basics, how are the non-professionals ever going to get up to speed?