“Anyone Who Uses Greaney’s Stuff to Plan Their Retirement Did Fine.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Anyone who uses Greaney’s stuff to plan their retirement did fine.

Not because he got the number right.

When you tell people that a particular withdrawal rate is safe, it should be safe, not wildly risky.

If you identify a wildly risky withdrawal rate as safe, it may still work. But, if you stick with the flawed methodology, sooner or later there will be failed retirements as a result. What do you do then? Is Greaney going to compensate all the people who suffer failed retirements because his study was not corrected when he learned of the error?

And how about Buy-and-Hold? Greaney made the error because he believed in the Buy-and-Hold claim that valuation-based market timing (price discipline) is not always 100 percent required. How do we get the word out to every investor that it was all a horrible mistake? What do we do about the millions who will be hurt by the inevitable economic collapse?

Had we opened every site to honest posting re the peer-reviewed research, we would today be 22 years ahead of where we are in our development of the Valuation-Informed Indexing concept.

Rob