Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
I guess my paid off home and cars are all lies. My kids paid for college education is all a lie.
If you counted your stock portfolio as being worth its nominal value when making decisions as to how much to spend on the house and car and college education, you made poor decisions. It’s not possible to engage in effective financial planning when you start by following a long-discredited investing strategy that insures that you get all the numbers wrong.
The stock part of your story is a lie. And as a result the overall story is not good.