I’ve posted Entry #436 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Buy-and-Hold Contributed to the Fleecing of the Millennials.
Juicy Excerpt: The annualized stock return from January 1982 through January 2000, when Baby Boomers were in high wealth-accumulation years,was 14.7 percent real. The compounding returns that they earned on their stock portfolios during those years provided them a big edge in their efforts to accumulate enough assets in a limited amount of time to finance a nice middle-class retirement.
The millennials have not fared nearly as well. The annualized return from January 2000 through today has been 3.3 percent real. That’s less than one-fourth of the return earned by the Baby Boomers! That’s a lot less compounding!
If another 20 years passes and you don’t get your story in The New York Times and you don’t see a dime of the $500 million payout, will you come to the conclusion that you wasted your time?
I think that another 20 years would just about do it, Anonymous. I am a stubborn cuss. But a person struggling to make his way through this mixed-up world of ours has to strive to be at least a tiny bit realistic.
No?
Flexible Rob
Can you afford to wait that long?
My primary project today is writing the book Investing for Humans: How to Get What Works on Paper to Work in Real Life. I expect to finish that by the end of the year. At that time, my intent is to seek employment in the corporate world. I will continue to write my weekly column and to respond to blog comments and to contact other sites at nights and on weekends. I can continue doing that indefinitely even if there is not money coming in from the investing work.
Rob
Job market is great right now. Why not go back to the corporate world now while things are good versus risking a potential down market in the future?
What kind of job will you look for?
Job market is great right now. Why not go back to the corporate world now while things are good versus risking a potential down market in the future?
My most valuable asset is the 17 years of material that I house here at the site that tells the story of what the last 38 years of peer-reviewed research teaches us all about how stock investing works in the real world. My top priority is to protect and develop that asset. Finishing the book is a huge advance in that area. So that needs to come first.
Rob
What kind of job will you look for?
I’ve been out of the job market for a long time. I cannot be super choosy. I will be looking for editing jobs or low level jobs in the legal field.
Rob
“Rob says
May 10, 2019 at 10:09 am
My primary project today is writing the book Investing for Humans: How to Get What Works on Paper to Work in Real Life. I expect to finish that by the end of the year. ”
https://www.prweb.com/releases/2006/07/prweb407131.htm
” Purcellville, VA (PRWEB) July 5, 2006
…
His next book, “Investing for Humans: How to Get What Works on Paper to Work in Real Life,” is slated for publication in 2008.”
I did take an earlier stab at writing the book. I did not like how it came out. My level of knowledge at that time was not sufficiently advanced to make a book-length treatment flow properly. I have had a different experience this time. This time things are flowing well. That doesn’t mean that I won’t run into problems. But I am confident that I will have a finished book in hand by the end of this year.
Rob
“At that time, my intent is to seek employment in the corporate world. ”
“I’ve been out of the job market for a long time. I cannot be super choosy.”
Sound’s like one of those busted retirements that you have been warning us about.
It’s not.
The financial problems that I have experienced are the result of the criminal acts of you Goons. Once the criminal acts are prosecuted, I will be flying high. That’s very different from being taken in by a Get Rich Quick investment strategy.
I am helping people AVOID failed retirements. We are working at cross purposes, Evidence.
My best wishes.
“I am helping people AVOID failed retirements. We are working at cross purposes, Evidence.”
You can go get a job now, to help avoid your own failure and finish your book during nights and weekends.
That’s not my intent. I have a lot riding on getting this story out and I believe that there’s going to be a big opportunity to get people to listen in the days following the next price crash, when millions of people will be hurting and looking for explanations. So I don’t want to take any chances on not having the book ready to go when the next crash comes. And of course I don’t know when that is going to be. So my aim is just to get it all down in a way that satisfies my high standards and then move on to the job thing.
It’s possible that I could finish the book prior to the end of the year. In that event I could seek employment a few months sooner. However, I don’t want to count on that. Things have been going well. But my experience with big projects is that unexpected obstacles always come into play before you get to the finish line.
I naturally wish you the best of luck in all your future life endeavors.
Rob