A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

“Can You Buy Your Groceries With Your Opinions on the Peer-Reviewed Research?”

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

Can you buy your groceries with your opinions on the peer-reviewed research?  How does that work when you go to check out?

Research-based Investing insights do not permit one to purchase groceries in the here and now. But they permit one to obtain more groceries over the course of an investing lifetime than one could hope to purchase going strictly by gut feel.

If you prefer to focus on the current moment over the long term, that’s your business. But lots of others have expressed an interest in doing well in the long term and those people have every right in the world to engage in the discussions that they want to engage in whether it makes you feel uncomfortable to hear people talking over what the research shows or not. It’s not your place to decide for them.

Rob

Comments

  1. “ Research-based Investing insights do not permit one to purchase groceries in the here and now.”

    That is a huge problem. Last I checked, people need to eat at all times and it has always worked for buy and holders.

  2. Irrational exuberance has never worked for anyone. It is a cancer. It destroys human lives.

    U.S. economic growth is what has always worked. You can enjoy all of the benefits of U.S. economic growth without creating irrational exuberance. Just count the 6.5 percent real gains as real and not the irrational exuberance. It’s the desire on the part of our Wall Street Con Man friends to collect a few extra bucks in the short term by pushing Buy-and-Hold strategies that is the cause of all the problems.

    Rob

  3. Your market timing scheme is irrational and it is a bad thing for people who need money to eat. People can’t afford your advice of “waiting around to see how it all works out”.

    Further, what you are pushing is almost like an illegal price fixing scheme. That’s a felony.

  4. Okay, Anonymous.

    I think we should permit honest posting re the peer-reviewed research at every site and let each investor decide for himself what to do with his retirement money.