Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
You must be right because you have thousands of fans posting here everyday in support, a massive 8 figure investment account, hundreds of attorneys fighting over the right to take on your lawsuits and several large publishers competing for the rights to your book. Plus you have your wife and priest pleading for you to stay home and troll the internet versus wasting your time earning money to support the family.
What can I say, Anonymous? When you’re hot, you’re hot.
Take care, man.
Rob
“ When you’re hot, you’re hot.”
And when you are not, you are not.
So it is said.
Rob
Should we start a Go Fund Me fundraiser for your wife?
Given where the CAPE value stands today, you might want to start one for every person who has a substantial percentage of his or her life savings invested in stocks.
Got a few extra trillions lying around?
Rob
Given that 90 of all stocks are owned by the top 10%, it appears most people do not have anywhere close to their life savings in stock. The average family only has $40k in stock. The top 10% just keep buying stock. They have enough liquidity to buy regardless of the market. The top 10% are able to take advantage of weak hands and know that stock will just continue to increase in the long run. They don’t need get rich quick schemes like market timing.
The Get Rich Quick scheme is acting as if valuations affect long-term returns. We have 41 years of peer-reviewed research showing that stock investing risk is not stable but variable. As valuations/risk increases, sensible investors adjust their stock allocations to fit the new realities. The Bennett/Pfau research shows that investors following sensible stock allocation strategies are able to retire many years earlier than Buy-and-Holders while taking on only a fraction of the risk. And of course it greatly atabilizes the economic and political systems when most investors follow research-based stock investing strategies.
The other stuff in your comment is irrelevant. All investors want to achieve long-term investing success, regradless of how much moneuy they have. That’s why we saw thousands of our fellow community members expressing a desire that honest posting re the last 41 years of peer-reviewed research be permitted at every investing site despite their awareness that posting honestly in a world in which Buy-and-Hold Goon Squads dominate the boards would put the lives of their loved ones at risk. I believe strongly that we need to open every site to honest posting and thereby to permit ourselves to live richer and fuller and better lives than we ever imagined possible before Shiller published his amazing, Nobel-prize-winning research.
My best and warmest wishes to you and yours.
Rob
There has not been one single successful outcome with market timing and we never seen one failure with buy and hold.
The Bennett/Pfau tesearch shows that every experience with Buy-and-Hold has been a failutre because refusing to engage in market timing (price discipline!) always increases risk and dimishes return. Every experience with market timing (Valuation-Informed Indexing) has been a success because it is impossible that keeping the same risk profile over time could ever be a negative.
It all comes down to whether or not Shiller’s Nobel-prize-winning research is legitimate research. I believe that it is.
My best wishes to you.
Rob