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 don’t buy it, Anonymous.”
There is no disputing the facts. You already told us that you depleted your savings and that you are divorced, property records show us that you are no longer an owner of the house.
Results are the only thing to tell who is right. At sporting events, they keep a scoreboard . The results of the game (score) tell us who won. You can claim that you think that the Chicago Cubs were the best team in baseball last year, but it doesn’t matter what you claim. We would just look at the record for last year and the outcomes would determine the winner.
The season isn’t over until the CAPE value returns to fair-value levels and below and then remains at those low levels for some time. We’ll see what people think when the secular bull/bear has come to a conclusion.
Rob
You are in your 60’s. Your season is over as it is too late for you to save your failed retirement. Game over.
You are in your 60’s. Your season is over as it is too late for you to save your failed retirement. Game over.
Seriously, you have no credibility in trying to teach people about investing. You are broke. It is like Lizzo teaching people how to diet and lose weight.
The only thing you can possibly teach someone to do is how to avoid any work for over 2 decades.
You are in your 60’s. Your season is over as it is too late for you to save your failed retirement. Game over.
Yeah, yeah.
Rob
Seriously, you have no credibility in trying to teach people about investing. You are broke. It is like Lizzo teaching people how to diet and lose weight.
The only thing you can possibly teach someone to do is how to avoid any work for over 2 decades.
I’m happy to let common sense and the last 41 years of peer-reviewed research in this field supply the necessary credibility. I’m broke because I posted honestly about safe withdrawal rates and a good percentage (about 10 percent) of Buy-and-Holders can’t stand that.
If Buy-and-Hold/Get Rich Quick were a real thing, we never would have seen a single abusive post. Somehow I have a funny feeling that the other 90 percent of Buy-and-Holders (the Normals) will be thrilled to be able to talk over the realities once the Buy-and-Hold/Get Rich Quick fantasties have destroyed millions of lives yet one more time.
My best wishes to you.
Rob
It you really knew what the research says and how investing works, you would be rich from that alone. Last I checked, the abusive posts are coming from you. Same from the get rich quick schemes (your fantasy of a $500 million windfall).
It will be interesting to see how it all plays out, Anonymous.
My best and warmest wishes to you and yours.
Rob
We have seen in play out. In 2002 you outlined your retirement plan. In 2005, when you were behind the plan, you again stated that you would catch up and outperform the market, making up for the shortfall. Here we are 16 years later and you didn’t catch up. As you have admitted, you have no depleted your savings. That’s it. Game over. There is nothing left to play out.
If you truly believed that it was “game over,” you wouldn’t be posting here on a daily basis. I believe that there is still some game to play.
Ether Shiller’s Nobel-prize-winning research is legitimate or it is not. Time will tell the tale.
Rob
“ I believe that there is still some game to play.”
It’s like poker. The game is over when you run out of money or time runs out. In your case, it is both. You depleted your savings and have nothing left to invest that could fund your retirement. You are now well over 60 and there are not enough working years left to salvage your failure either. Game over.
Okay.
Please take good care, Anonymous.
Rob