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 plan if stocks continue to perform in the future somewhat as they have always performed in the past?”
If stock continues to perform like it has, my $6 million will be substantially higher. I already have more than enough, so my only problem is figuring out what to do with substantially more money. You haven’t really answered answered my question. Why is that?
“ Spending the remaining years of one’s life in a prison cell is not a fun idea.”
I guess you better stop with all the criminal stuff so that you don’t go to prison………..unless prison is your retirement plan since they give you housing, food and clothing.
Okay, Anonymous.
I naturally wish you all good things, in any event.
Rob
Will your family visit you when you “retire” to prison? Will Shiller or Pfau visit you?
Um….
The idea that someone could go to prison for pointing out an error in a retirement study is a new one.
I don’t think it will happen. I believe that, in the days following the next Buy-and-Hold Crisis, we will as a society work up the courage to open every discussion board and blog to honest posting re the last 41 years of peer-reviewed research in this field.
But we’ll see, you know. In any event, I would not feel even a tiny bit comfortable saying that I believe that Greaney included a valuation adjustment in his study. That really would be fraud. That really could get me sent to prison. So thanks but not thanks, you know?
My best and warmest wishes to you and yours, in any event.
Rob