A Rich Life http://arichlife.passionsaving.com The Old Ideas on Saving & Investing Don't Work -- Here's What Does Mon, 29 May 2017 11:22:52 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.5 2004-2008 rob@passionsaving.com (A Rich Life) rob@passionsaving.com (A Rich Life) 1440 http://arichlife.passionsaving.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg A Rich Life http://arichlife.passionsaving.com 144 144 The Old Ideas on Saving & Investing Don't Work -- Here's What Does A Rich Life A Rich Life rob@passionsaving.com no no “We Need to Want to Move in a Positive Direction to Make Forward Progress. We of Course All Want the Same Thing Deep Inside. But at This Moment in Time a Lot of Us Are Compromised Because We Have Big Investments in Buy-and-Hold. Perhaps We Have Made a Career Promoting It. Or Perhaps We Have Our Names on Articles Advocating It. Or Perhaps We Have Followed It Ourselves and Experience Emotional Pain to Even Consider the Possibility That We Got Investing Wrong a Number of Years Back. All of Those Obstacles to Progress Vanish Into the Mist When the Pain of Staying on the Mistaken Course Becomes Too Great for Us to Ignore.” http://arichlife.passionsaving.com/2017/05/29/we-need-to-want-to-move-in-a-positive-direction-to-make-forward-progress-we-of-course-all-want-the-same-thing-deep-inside-but-at-this-moment-in-time-a-lot-of-us-are-compromised-because-we-have-big/ http://arichlife.passionsaving.com/2017/05/29/we-need-to-want-to-move-in-a-positive-direction-to-make-forward-progress-we-of-course-all-want-the-same-thing-deep-inside-but-at-this-moment-in-time-a-lot-of-us-are-compromised-because-we-have-big/#respond Mon, 29 May 2017 11:22:52 +0000 http://arichlife.passionsaving.com/?p=13272 Set forth below is the text of a comment that I recently posted to the discussion thread for one of my columns at the Value Walk site:

Of course, if you have a new source of information and can provide links (other than your comments), we would be happy to hear it. Everyone is still waiting for your link to the so called “death threats”, so that might be a good start.

I said what I have to say up above, Sammy.

“Everyone” will decide based on that. And of course some of “everyone” will make one call today, when the flaws in the Buy-and-Hold strategy haven’t done all that much obvious harm, and a different call in the days following the next price crash, when the harm done will be too obvious for even a single one of us to rationalize away.

We will talk about the death threats and lots of other stuff then. But we won’t be engaging in silly discussions about links when we can figure out the basics of what is going on just by looking at the discussion thread that appears before our eyes at the very moment. When we do it that way, things will move forward at a much quicker pace and in a much more positive and constructive and life-affimring direction.

We need to want to move in a positive direction to make forward progress. We of course all want the same thing deep inside. But at this moment in time a lot of us are compromised because we have big investments in Buy-and-Hold. Perhaps we have made a career promoting it. Or perhaps we have our names on articles advocating it. Or perhaps we have followed it ourselves and experience emotional pain to even consider the possibility that we got investing wrong a number of years back when we first became Buy-and-Holders. Or perhaps we encouraged our friends to become Buy-and-Holders and feel shame about that.

All of those obstacles to progress vanish into the mist when the pain of staying on the mistaken course becomes too great for us to ignore. Then we will all be united and we will move forward very quickly and we won’t need to be fretting about silly links.

These are my sincere thoughts re these terribly important matters, in any event.

I wish you the best of luck in all of your future life endeavors, my good friend.

Rob

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” I Put Up a Post on the Morning of May 13, 2002, Pointing Out That the Buy-and-Hold Retirement Studies Lack a Valuations Adjustment. And Not One Person Has Been Able to Identify One in the 15 Years Since. And Not One of Those Studies Has Been Corrected As of This Morning. And Every Investor Alive Possesses a Great Need for Accurate and Honest Retirement Studies. Freeing People to Do Honest, Good Work Is Not Worth $500 Million? Are You Joking?” http://arichlife.passionsaving.com/2017/05/26/i-put-up-a-post-on-the-morning-of-may-13-2002-pointing-out-that-the-buy-and-hold-retirement-studies-lack-a-valuations-adjustment-and-not-one-person-has-been-able-to-identify-one-in-the-15-years/ http://arichlife.passionsaving.com/2017/05/26/i-put-up-a-post-on-the-morning-of-may-13-2002-pointing-out-that-the-buy-and-hold-retirement-studies-lack-a-valuations-adjustment-and-not-one-person-has-been-able-to-identify-one-in-the-15-years/#comments Fri, 26 May 2017 11:11:50 +0000 http://arichlife.passionsaving.com/?p=13270 Set forth below is the text of a comment that I recently posted to the discussion thread for one of my columns at the Value Walk site:

Of course, in your mind, it doesn’t matter, because you have a “plan”, which you have described at your website as follow:

“The $500 million is for a settlement of civil claims. It is a separate matter from the criminal charges. I believe that we will likely need a legislatively adopted amnesty to address the criminal side of this because that is so sensitive a matter. I don’t see the $500 million settlement payment as being such a big problem. That’s just money. The Wall Street Con Men have tons of money. They will of course want me working with them for p.r. purposes as well as for lots of other reasons Paying $500 million to make that happen quickly is nothing for them. I don’t see any problems in that area once the story gets out.”

I put up a post on the morning of May 13, 2002, pointing out that the Buy-and-Hold retirement studies do not contain valuation adjustments and thus get the numbers wildly wrong. In the 15 years since, not one person has been able to find a valuations adjustment in any of the Buy-and-Hold retirement studies. I think it would be fair to conclude at this point that I was right in what I said in that post.

That’s a pretty darn big deal, is it not? Do you seriously question whether I contributed something of a value of much more than $500 million to the millions of investors who use retirement studies to plan their retirements? I think that’s a pretty darn low settlement number, given the circumstances that apply here.

Is it all 100 percent crazy? It is indeed. You get no argument from me re that one. It is the craziest thing that I have ever seen in my entire lifetime. It is crazier than the Mets winning the World Series in 1969. It is way, way out there.

But the reality remains. I put up a post on the morning of May 13, 2002, pointing out that the Buy-and-Hold retirement studies lack a valuations adjustment. And not one person has been able to identify one in the 15 years since. And not one of those studies has been corrected as of this morning. And every investor alive possesses a great need for accurate and honest retirement studies.

If all that doesn’t add up to $500 million plus, I have a hard time imagining what might add up to $500 million plus. Did Bill Gates do something of more value to the world? Did Steve Jobs? It is my understanding that both Gates and Jobs brought in a big bunch more than $500 million in their day. So why should leading the transition from Buy-and-Hold to Valuation-Informed Indexing not do the same?

We need accurate investing advice, Sammy. I have talked to researchers who would like to feel free to do honest, good work in this field. And to professors who feel the same. And to investing analysts who feel the same. And to bloggers who feel the same.

Freeing those people to do honest, good work is not worth $500 million? Are you joking?

That’s my sincere take re this terribly important matter, in any event. I naturally wish you all good things, my good friend.

Rob

 

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Buy-and-Hold Goon re Rob: “Take a Look at His Website Today and You Will See Him Talk About Made-Up Death Threats (That He Refuses to Back Up With Facts) and Fairy Tales of People Going to Prison (Those That Dare to Question Him)” http://arichlife.passionsaving.com/2017/05/25/buy-and-hold-goon-re-rob-take-a-look-at-his-website-today-and-you-will-see-him-talk-about-made-up-death-threats-that-he-refuses-to-back-up-with-facts-and-fairy-tales-of-people-going-to-prison-th/ http://arichlife.passionsaving.com/2017/05/25/buy-and-hold-goon-re-rob-take-a-look-at-his-website-today-and-you-will-see-him-talk-about-made-up-death-threats-that-he-refuses-to-back-up-with-facts-and-fairy-tales-of-people-going-to-prison-th/#respond Thu, 25 May 2017 11:24:58 +0000 http://arichlife.passionsaving.com/?p=13268 Set forth below is the text of a comment that I recently posted to the discussion thread for one of my columns at the Value Walk site:

In summary, what we have learned is that Rob Bennett has been wrong about market timing and made a big mistake when he decided many years ago to sit the stock market. As documented on this website and on Rob’s blog, he has been predicting a crash year after year, that has been proven to be false. What is the bigger question is whether this mistake as harmful as his mistake of ceasing to work at the age of 43 with only $400k in savings.

Rob would like everyone to ignore these facts, so he diverts to other topics. Take a look at his website today and you will see him talk about made up death threats (that he refuses to back up with facts) and fairy tales of people going to prison (those that dare to question him).

Thanks for taking time out of your day to share your thoughts with us, Sammy.

My best and warmest wishes to you and yours.

Rob

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Valuation-Informed Indexing #332: Never Before in U.S. History Have We Seen Today’s Level of Overvaluation Continue for So Long http://arichlife.passionsaving.com/2017/05/24/valuation-informed-indexing-332-never-before-in-u-s-history-have-we-seen-todays-level-of-overvaluation-continue-for-so-long/ http://arichlife.passionsaving.com/2017/05/24/valuation-informed-indexing-332-never-before-in-u-s-history-have-we-seen-todays-level-of-overvaluation-continue-for-so-long/#comments Wed, 24 May 2017 11:19:51 +0000 http://arichlife.passionsaving.com/?p=13266 I’ve posted Entry #332 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Never Before in U.S. History Have We Seen Today’s Level of Overvaluation Continue for So Long.

Juicy Excerpt: An exceedingly helpful paper on the topic of this column (the merit of valuations-based market timing) was recently published by Valentin Dimitrov of Rutgers Business School and Prem C. Jain of the McDonough School of Business at Georgetown University. It is titled: Shiller’s CAPE: Market Timing and Risk.

The paper states that: “We find that even when CAPE is in its ninth decile, future 10-year stock returns, on average, are higher than future returns on 10-year Treasurys. Thus, the results are largely consistent with market efficiency. Only when CAPE is very high, say, CAPE is in the upper half of the tenth decile (CAPE higher than 27.6), future 10-year stock returns, on average, are lower than those on 10-year U.S. Treasurys.” So the paper is not generally supportive of the Valuation-Informed Indexing concept. However, it provides a wealth of data and analysis that I believe should be reviewed by all with an interest in coming to a better understanding of many questions raised by Robert Shiller’s “revolutionary” (his word) 1981 research showing that valuations affect long-term stock returns.

I find it amazing that Valuation-Informed Indexers and Buy-and-Holders look at the same historical return data and come to wildly different conclusions re what it signifies. I’ll describe one way in which this is so in the words below.

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“My Personal Guess As to How the Criminal Side of This Will Be Addressed Is That Following the Next Price Crash a Group of Responsible People in the Field Will Be Arguing for an Amnesty That Would Need to Go Through Congress. The Amnesty Will Let a Lot of People Off the Criminal Hook While Containing Funding to Aid the Transition to Valuation-Informed Indexing.” http://arichlife.passionsaving.com/2017/05/23/my-personal-guess-as-to-how-the-criminal-side-of-this-will-be-addressed-is-that-following-the-next-price-crash-a-group-of-responsible-people-in-the-field-will-be-arguing-for-an-amnesty-that-would-ne/ http://arichlife.passionsaving.com/2017/05/23/my-personal-guess-as-to-how-the-criminal-side-of-this-will-be-addressed-is-that-following-the-next-price-crash-a-group-of-responsible-people-in-the-field-will-be-arguing-for-an-amnesty-that-would-ne/#comments Tue, 23 May 2017 11:11:41 +0000 http://arichlife.passionsaving.com/?p=13264 Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Don’t you need the criminal charges in order to get on the front page of the New York Times? This seems to be the only way to get that $500 million, so if you don’t bring charges, I don’t see how you get your $500 million.

I’m going to tell the story, Anonymous.

Part of the story is financial fraud. So I am going to say that. That’s certainly not the entire story. I certainly am going to tell the other parts as well, some of which reflect very well on all of my Buy-and-Hold friends and even on my Goon friends in some cases. I’ll tell it all. I won’t leave out the financial fraud aspects of the story but I don’t intend to focus on them. My aim is to tell the story in a balanced way, not leaving important parts out because I am afraid to address them but also not dwelling on those aspects of the story because of some personal grudge or anything like that.

Will criminal charges be brought as the story gets out? I believe so. But I won’t be bringing them. And I won’t be leading an effort to see that they are brought. To the extent that I play any role re the bringing of the criminal charges, I expect that my role is going to be to argue for a deemphasis on that part of the story. I see it as my job to bring us all together. So I would prefer to focus on more positive aspects of the story and to try to explain the pressures that my Buy-and-Hold friends and my Goon friends have felt as a partial explanation for their bad behavior. I cannot control how others react to those efforts. So I am not making any promises as to how things will turn out. But I can say that my personal intent is to praise the Buy-and-Holders and to try to make the people who will be angry at them following the next price crash understand the difficult circumstances that influenced many of their decisions.

My personal guess as to how the criminal side of this will be addressed is that following the next price crash a group of responsible people in the field will be arguing for an amnesty that would need to go through Congress. The amnesty will let a lot of people off the criminal hook while containing funding to aid the transition to Valuation-Informed Indexing. Please understand that that is pure speculation. I have no inside knowledge re this aspect of things. I am just putting forward a guess by someone who has been involved in this since the first day as to how it might make sense for us to proceed as a society in a way that gets the important work done that we need to get done in a manner that all parties can accept.

The $500 million is for a settlement of civil claims. It is a separate matter from the criminal charges. I believe that we will likely need a legislatively adopted amnesty to address the criminal side of this because that is so sensitive a matter. I don’t see the $500 million settlement payment as being such a big problem. That’s just money. The Wall Street Con Men have tons of money. They will of course want me working with them for p.r. purposes as well as for lots of other reasons Paying $500 million to make that happen quickly is nothing for them. I don’t see any problems in that area once the story gets out.

I hope that helps a bit.

Rob

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Buy-and-Hold Goon to Rob “It’s Easy to See Why You Have Been Banned from Boards. Take Bogleheads, for Example. It Bans Conspiracy Theories.” http://arichlife.passionsaving.com/2017/05/22/buy-and-hold-goon-to-rob-its-easy-to-see-why-you-have-been-banned-from-boards-take-bogleheads-for-example-it-bans-conspiracy-theories/ http://arichlife.passionsaving.com/2017/05/22/buy-and-hold-goon-to-rob-its-easy-to-see-why-you-have-been-banned-from-boards-take-bogleheads-for-example-it-bans-conspiracy-theories/#comments Mon, 22 May 2017 11:06:36 +0000 http://arichlife.passionsaving.com/?p=13262 Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

“The only thing that should be banned are violations of the published posting rules.”

Well then, it is easy to see why you have been banned from boards. Take Bogleheads, for example. It bans conspiracy theories.

We’ll have to wait and see how things play out, Anonymous.

I naturally wish you all the best that this life has to offer a person.

Rob

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Buy-and-Hold Goon to Rob: “What Is YOUR Definition of ‘Honest Posting’?” http://arichlife.passionsaving.com/2017/05/19/buy-and-hold-goon-to-rob-what-is-your-definition-of-honest-posting/ http://arichlife.passionsaving.com/2017/05/19/buy-and-hold-goon-to-rob-what-is-your-definition-of-honest-posting/#comments Fri, 19 May 2017 10:59:52 +0000 http://arichlife.passionsaving.com/?p=13260 Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

What is YOUR definition of “honest posting”. Is there some measure as to the posting being truthful and, if not, it is to be banned?

Honest posting takes place when the poster says what he believes.

You believe in Buy-and-Hold. So you should say “I follow Buy-and-Hold and I urge others to follow Buy-and-Hold.”

I believe in Valuation-Informed Indexing. So I should say “I follow Valuation-Informed Indexing and I urge others to follow Valuation-Informed Indexing.”

The only thing that should be banned are violations of the published posting rules.

Rob

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“My Mother Grew Up in the Great Depression, Brought on By an Earlier Try at Seeing Whether Doing the Opposite of What the Peer-Reviewed Research (Which Wasn’t Available at the Time) Teaches Us We Should Do. She Had to Leave School When She Was in Eighth Grade So That She Could Work in a Factory to Put Food on the Family Table. My Mother Loved School. That Hurt Her a Great Deal. She Talked About That Pain Until the Day She Died. Does That Matter?” http://arichlife.passionsaving.com/2017/05/18/my-mother-grew-up-in-the-great-depression-brought-on-by-an-earlier-try-at-seeing-whether-doing-the-opposite-of-what-the-peer-reviewed-research-which-wasnt-available-at-the-time-teaches-us-we-sh/ http://arichlife.passionsaving.com/2017/05/18/my-mother-grew-up-in-the-great-depression-brought-on-by-an-earlier-try-at-seeing-whether-doing-the-opposite-of-what-the-peer-reviewed-research-which-wasnt-available-at-the-time-teaches-us-we-sh/#comments Thu, 18 May 2017 12:12:38 +0000 http://arichlife.passionsaving.com/?p=13258 Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Clearly your responsibility to the world (as you see it) is equal or higher priority than your family responsibility. This is a point of view that we ordinary family guys just cannot grasp. If people in Syria are suffering, that’s a shame. But I can’t help them and it doesn’t directly affect me. If my wife is suffering (for an hour, let alone 15 years) that is my immediate top priority.

Could you try to explain your position in terms that we simpletons can understand?

I’ll offer a somewhat briefer response coming at it from a somewhat different angle.

My mother grew up in the Great Depression, brought on by an earlier try at seeing whether doing the opposite of what the peer-reviewed research (which wasn’t available at the time) teaches us we should do. She had to leave school when she was in eighth grade so that she could work in a factory to put food on the family table. My mother loved school. That hurt her a great deal. She talked about that pain until the day she died.

Does that matter? Do the experiences of the millions of children who will have to be taken out of school in the Buy-and-Hold Crisis matter? What can of world will my wife be living in following the next price crash if it causes a Second Great Depression greater than the first one (the P/E10 level went much higher this time around). What sort of world will my boys and my grandchildren be living in if we do not find some way to provide access to accurate and honest reports on what the last 35 years of peer-reviewed research says to millions of people? What if our political system collapses as a result of this massive act of financial fraud? Does that change the calculus at all?

I don’t feel comfortable posting dishonestly about these matters. That’s the bottom line. I could write a book going through all the reasons why. The bottom line is that it feels wrong because it IS wrong. There is no justification for a ban on honest posting re a matter so important to so many. None whatsoever. Someone had to step up to the plate. I was elected. So I have given it my best shot.

I care about my wife. And I also care about my mother. And about my boys. And about my unborn grandkids. And about the millions of other wives and mothers and kids and grandkids. I care about all of it. The same force inside me that makes me care about my wife makes me care about all the others too. I wouldn’t want to have to walk past a burning building with kids inside it because I was too afraid that if I ran in to help I might get hurt and not be able to earn as much for my wife. There are things that you cannot do and the still be able to live with yourself afterwards. This is one of those things.

Rob

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“You Goons Don’t Feel That You Can Give an Inch. And I Think It Would Be Fair to Say That Jack Bogle and the Other Wall Street Con Men Feel That They Cannot Afford to Give an Inch Either. Is That My Doing? I Am Trying to Help Everyone Out, to Bring Us All to a Better Place. But I Obviously Cannot Do It By Myself.” http://arichlife.passionsaving.com/2017/05/17/you-goons-dont-feel-that-you-can-give-an-inch-and-i-think-it-would-be-fair-to-say-that-jack-bogle-and-the-other-wall-street-con-men-feel-that-they-cannot-afford-to-give-an-inch-either-is/ http://arichlife.passionsaving.com/2017/05/17/you-goons-dont-feel-that-you-can-give-an-inch-and-i-think-it-would-be-fair-to-say-that-jack-bogle-and-the-other-wall-street-con-men-feel-that-they-cannot-afford-to-give-an-inch-either-is/#respond Wed, 17 May 2017 11:58:10 +0000 http://arichlife.passionsaving.com/?p=13256 Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Clearly your responsibility to the world (as you see it) is equal or higher priority than your family responsibility. This is a point of view that we ordinary family guys just cannot grasp. If people in Syria are suffering, that’s a shame. But I can’t help them and it doesn’t directly affect me. If my wife is suffering (for an hour, let alone 15 years) that is my immediate top priority.

Could you try to explain your position in terms that we simpletons can understand?

There’s no conflict between meeting my responsibilities to the world and meeting my responsibilities to my family. To be able to meet my responsibilities to my family, I need to do good work. To do good work, I need to be honest. When I am honest, I am meeting my responsibilities to the world.

The reason why people get paid for their work is that they are contributing something of value to the world. If I lie about the numbers that my friends are using to plan their retirements, I am subtracting rather than adding. I would not be earning any pay in that case and in all likelihood I would not earn much. It is by adding to the world’s knowledge that I earn what my family needs.

The stock investing world was turned upside when Shiller showed in 1981 that Buy-and-Hold cannot work and yet Bogle continued promoting the strategy, ignoring what Shiller had done. Today everyone working in this field faces a question — Do dishonest work and make a temporary killing with the possibility of going to prison at a later date or do honest work and see your career destroyed by Bogle’s various Goon squads. It would not help my family for me to go to prison. So I intend to avoid committing felonies. I have never even given the matter two seconds of my consideration.

I didn’t begin doing this work with the idea of saving the world. I expected that Greaney would be abusive when I put forward my May 13, 2002, post. But I also expected that the community would support me once they looked seriously at the historical return data and saw that I was right. No one could have anticipated what happened. Once it happened, I was stuck. I obviously cannot agree to commit felonies. And you Goons do not feel that you can permit me to post honestly because it would mean prison sentences for you for the word to get out re this massive act of financial fraud.

I have always offered to work out any deal with you Goons that does not involve me committing a felony under the laws of the United States. I continue to make that offer today. You Goons don’t feel that you can give an inch. And I think it would be fair to say that Jack Bogle and the other Wall Street Con Men feel that they cannot afford to give an inch either. Is that my doing? I am trying to help everyone out, to bring us all to a better place. But I obviously cannot do it by myself. I have always offered to do anything of a positive nature that I can possibly do. It’s not even a tiny bit reasonable to expect me to commit crimes that might well get me sent to prison in days to come.

I love my family and I want to do right by the people in my family. And I love my country and I want to do right by the people of this country. There should be no conflict in serving both goals. And there should be no conflict with Wade Pfau wanting to serve his country and his family or with Jack Bogle doing so or with Robert Shiller doing so or whoever. We ALL need to serve both our families AND our country. The fact that this has even become a controversy shows how messed up the investing realm has become in the Buy-and-Hold Era.

When I am free to serve both my family and my country, everyone else is too. When everyone else is free to serve his or her family and his or her country, I will be too. We need to apply the laws of the United States to the investing realm. That’s the only way to put the nasty stuff behind us and move on to better days.

I did not volunteer for this. It’s not like I said on the morning of May 13, 2002, “Oh, I know what I will do, I will start a revolution in our understanding of how stock investing works!” I pointed out that Greaney’s study does not contain a valuations adjustment and that perhaps the people in that community needed to consider what the SWR would be if valuations were considered. I received a very, very strong positive reaction from my fellow community members. Then you Goons stepped in and caused all the problems.

I am not seeking to be a hero. I believe that I will be perceived as a hero when we all make it together to the other side. Millions of people’s lives will be saved. That’s going to be viewed as hero stuff. But that’s not happening because I made a decision to sacrifice my family to make it happen. I put up a post relating to retirement planning at a retirement planning board and a bunch of Buy-and-Holders went freakin’nuts. I was faced with circumstances in which I had to either agree to commit financial fraud or develop the understanding of how stock investing works to the degree necessary for me to overcome you Goons. It turned out that doing that meant revolutionizing the field and me becoming a hero. I can live with that. But I certainly didn’t go into this with the intent of making that happen.

I believe that my wife will come through this just fine. But I wouldn’t agree to commit financial fraud even if someone could go into the future and tell me that me refusing to do so would cause her to not end up just fine. I cannot post dishonestly re the numbers that my friends use to plan their retirements. It is not in me. Asking me to do that is like asking me to flap my arms and fly over traffic jams. It’s an absurdity. It is something that can never happen.

If my wife gets hit by a meteor, I cannot do anything about it. I would’t like it. But there’s nothing I can do about it. If InvestoWorld has gotten so messed up that a man cannot post honestly on safe withdrawal rates without his wife being forced to pay some sort of penalty, that’s the equivalent of getting hit by a meteor. It is something that no one could expect or even understand. You are asking me to buy into something that cannot be understood. I don’t live my life that way. I try to stay rooted in the realities of life.

It is a reality of life that Shiller showed in 1981 that valuations affect long-term returns and that Greaney’s retirement study does not contain a valuations adjustment and that financial fraud is a felony publishable by a prison sentence. I of course acknowledge that some weird things have played out re this matter. But it is more than a little hard for me to believe that there is not going to be a day when the laws of this country are enforced and you Goons are placed in prison cells. On that day, I will be freed to help out the thousands of my fellow community members who have said that they want to be able to hear my message and the millions more like them out there in the real world who did not happen to participate at the discussion boards and blogs to which I have taken this matter over the first 15 years of our discussions. So I cannot imagine that this will not eventually be brought to a successful conclusion.

I love BOTH my family AND my country. I don’t see a need to choose one and sell the other out. I am working to serve both very effectively. And I have reason to believe that that plan will work out more than fine for all concerned. We know that there are millions of people who want access to a better way to invest, the first true research-backed approach. And we know that most of the people who work in this field are anxious to be able to do honest work again — those people are going to be thrilled when we make it to the other side and will be friends of mine for life. Even you Goons end up better off when I overcome you. The fewer lives you destroy, the shorter your prison sentences will be. Shorter prison sentences are better than longer prison sentences.

So I just don’t buy into your premise that there is some sort of conflict here between serving my family and serving my country. Doing good, honest work serves both. That’s my plan and that has been my plan going back to the first day.

I hope that helps a small bit.

Rob

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Buy-and-Hold Goon to Rob: “It Is Your Poor Family That Suffers” http://arichlife.passionsaving.com/2017/05/16/buy-and-hold-goon-to-rob-it-is-your-poor-family-that-suffers/ http://arichlife.passionsaving.com/2017/05/16/buy-and-hold-goon-to-rob-it-is-your-poor-family-that-suffers/#respond Tue, 16 May 2017 11:30:12 +0000 http://arichlife.passionsaving.com/?p=13254 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 really don’t know what good you think you are doing living in a dream world. In the end, it is your poor family that suffers.

Everyone on the planet suffers for so long as the Campaign of Terror against our board and blog communities continues, Anonymous.

I am going to bring it to an end. Count it.

I am 100 percent confident that I will be extremely well-compensated for doing so. That will make my long-sufering wife happy!

It will all work out in the end. We live in a great country that was smart enough to put laws in place to cover these sorts of situations long before I even came on the scene.

Anyway, I do wish you all good things. While ALSO wanting the American people to win this one, you know?

Rob

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