Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“It’s not my name that is important. It’s knowing how stock investing works that is important.”
I know of no one who knows less about how stock investing works than you. So if it’s so important to share correct information, we need to ban the lunatics who think staying out of stocks for 25 years was a wise decision.
Luckily, that’s exactly what happened.
Okay, Anonymous.
I am going to continue to say that I do not believe that the retirement study posted at John Greaney’s web site contains an adjustment for the valuation level that applies on the day the retirement begins.
I naturally wish you all the best that this life has to offer a person regardless of what investment strategies you elect to follow.
Rob
You have often said that we have to wait to see how things play out. Is there a time in your mind in which it is too late for us to all continue to wait for some kind of crash?
We all should encourage honest posting AT ALL TIMES.
There is no subject matter re which all humans agree. In all areas other than the investment advice field, we permit all sorts of different viewpoints to be expressed. That way, different ideas circulate. As new knowledge is generated, it spreads and the overall understanding of the subject matter gradually increases.
It is my strongly held belief that that operating procedure that already works well in every field other than the investment advice field would work well in the investment advice field as well. I favor permitting honest posting. Then there’s no question about how long to wait for a crash or anything along those lines. If a crash arrives in x amount of time, then it does. If it does not, then it does not. Either way you are covered.
You don’t have to wait if you do not want to wait. That’s up to you. I am going to wait because I do not have any other choice. I sincerely believe that the Greaney retirement study lacks a valuation adjustment. So I say that when the topic of safe withdrawal rates comes up in internet discussions. When Greaney engages in criminal behavior to suppress the discussion of the error in his study, I am put in a spot if authorities do not take effective action. So I have to wait for attitudes to change. That’s me. You don’t have to do that if you do not care to. You can do as you please.
You are here. So I presume that there is something that you would like me to do for you. Tell me what it is and I will try to help out. I cannot say that I believe that the Greaney study contains a valuation adjustment. If that is what you want, you are going to have to wait. Because I cannot go there. But you are not required to want that. You are free to go on your way.
Does that help at all?
Rob