Yep

Like jumbo shrimp

Pretty ugly

And happily married

it could be , it has a cash hoard and typically it has at least one asset class that is up and can be rebalanced to raise cash . i wouldn’t use it for a bank account to pay daily bills , but if i need money for a wedding off a number of years or school off in a number of years , if would be fine for...

i definitely can see transitioning to a pp as one approaches retirement as long as when they do it rates were not in the 1-2% range . i can see it for shorter term money too in the accumulation stage . but i can’t see it when one has decades of time , and needs powerful compounding to turn the bits ...

i disagree ,the pp isn’t a good choice for most in their accumulation stage . that is not the time to be in what is considered a capital preservation portfolio not a pedal to the metal growth portfolio for decades of growth absolutely not in my opinion. unless one is making a load of money where the...

retirees usually end up backing in to what they have to work with . it may end up buying a life they hate but everyone makes what they have work . the whole idea of growing as much as you can while you can is the more money you can accumulate , hopefully the more choices you have in life . while mon...

the problem is most people are pretty bad at estimating what they will need . they don’t understand its no longer about having a pile of money that they think is a large amount . someone with a million dollars may be worse off than my friend who retired with a 40k pension which is inflation adjusted...

Mathjak makes a valid point. It's all a balancing act. They say you can never change anyone else, you can only change yourself. So in that context, if your own comfort level stands in conflict with the returns you need for the retirement goals you have, it may not be a bad idea to look internally a...

well the spread never becomes meaningless because of rebalancing

i find with the larger positions i trade gld actually ends up cheaper because the spreads are smaller than the ones that appear to have lower expenses.

it isn’t about just expenses . you need to look at the spreads too when buying or selling

We saw how fast many here dumped the pp over the rising rate era we just had despite it supposedly being the safest portfolio as designed

There were so many dr Frankenstein versions as investors dumped parts they did not want

nothing is ever black and white . most things are just different shades of gray . but the more one can manage to save for retirement the better off they likely will be . that doesn’t change. the less cash you can save for that goal the more compounding you will, need . that also doesn’t change. your...

i would disagree , what we may be comfortable with and what we need to have to meet our goals are two different things . many retirees have been hurting themselves , in fact dangerously as they try to go with what they are comfortable with as opposed to the allocation they need to maintain their dra...

What is the job? Any chance there could be more than one? well the job in the accumulation stage for our long term money is to have your money work for you while you work for your money . it’s to take advantage of the two most powerful tools we have , TIME and COMPOUNDING. i know in my accumulation...

It doesn’t have to claim to beat stocks It’s a tool But the problem is most people use the wrong tool for the job Many who want to do what’s comfortable can’t afford to so they are using the wrong tool at the wrong time in their life And it hurts them and they ended up giving up more money then they...

however for someone in their accumulation stage a simple s&p fund averaged almost 16% cagr over the same time . that is an incredible return. vs the pp at not even 6%. you could lose half that today and still be way ahead of the pp. so one better have a boat load of money to compensate for those...

there are times you don’t need to be a great predictor or market timer to know it’s not a great idea loading up on certain assets at certain times , and long term bonds were certainly that asset at such low rates. they are still at a loss the last ten years and the 15 year for tlt is 1.68% cagr Yaw...

there are times you don’t need to be a great predictor or market timer to know it’s not a great idea loading up on certain assets at certain times , and long term bonds were certainly that asset at such low rates.

they are still at a loss the last ten years and the 15 year for tlt is 1.68% cagr

well the proof is in the pudding . many abandoned the pp because of it or they are still licking their wounds from long term bonds which are still off 50% from their peak as well as zero returns on cash at a time other assets were doing very well. on the other hand we retired a decade ago now and ou...

absolutely not true as those still licking their wounds in the 50% drop in long term bonds can tell you along with near zero return on the cash portion of the pp for a long long time. i warned for years about the pp being overly rate sensitive and a poor choice for investing at those ridiculously lo...

i think at this point in time the pp in it’s original 4x4 looks much much better . rates are more likely to come down and even if they rise it looks like the big 4- 5% rise that crushed long term bonds has already happened. while i certainly wouldn’t use it in the accumulation stage , it definitely ...

i know , but why we want to bench mark off a relatively small piece of time is so silly . we spend 80% of all our vestment time between the old low and old high . to think we benchmark off a point in time with very small odds of hitting are , just silly . more typically we will sell in that 80% rang...

i think it’s a good idea , with those huge rate hikes behinds us i think the pp has a lot less risk

down 77 an ounce this morning on the russian talks

it looks like gold is taking a hit tonight down 34.00 an ounce in the pre market in the first few minutes . not sure where it will be by morning .

the idea is that whether you own something or not , if you wouldn’t recommend that someone just buying in should buy it because it’s valuation is to high , then you continuing to hold it should follow the same logic