Set forth below is the text of a comment that I posted to the discussion thread for another blog entry at this site:
So, you have seen what holdings I have in my Vanguard account to make such an assessment.
It’s not as if you are better off if you have an account that is not representative of the market as a whole. If you have a non-representative portfolio, it is possible that your numbers are slightly better. But it is EQUALLY possible that your numbers are slightly WORSE. In other words, having e non-representative portfolio increases risk. Not generally considered a good thing,.
The biggie is whether you are taking the last 36 years of peer-reviewed research into consideration by dividing by two or whether you have been taken in by the smelly Buy-and-Hold garbage and are fooling yourself into thinking that your portfolio numbers offer a reasonably good assessment of the true and lasting value of your portfolio. If you have fallen for the smelly Buy-and-Hold garbage, you cannot engage in effective financial planning. To engage in effective financial planning, you need to get the numbers at least roughly right.
These are my sincere thoughts re these terribly important matters, Anonymous. Buy-and-Hold/Get Rich Quick is not my particular cup of tea. I am a peer-reviewed research/common sense kind of guy. Sue me, you know?
But I course wish you all the best that this life has to offer a person all the same, my good friend. I am 100 percent sure re that one.
Please take good care, man.