"On a personal/emotional note, it really hurts to see thousands of the " money you can't afford to lose " get wiped to thin air." This part of Harry's advice is probably misleading. Money you can't afford to lose shouldn't be in the PP. It should be in bills, saving accounts and...

I'm not sure if it really matters much if you only have 25% in stocks anyway. Stock markets are highly correlated nowadays and most domestic companies are operating globally. But I still think it's a good idea for US-investors to diversify beyond the US-stock market. You don't want to get stuck in a...

Honestly, I don't think folks' concern is about the absolute return but the performance relative to a typical Boglehead portfolio. (If stocks were down 40%, a boggleheads portfolio down 20%, and the PP down 2%....) It's exactly what Bernstein said about the huge potential tracking error of the PP v...

"On a personal/emotional note, it really hurts to see thousands of the " money you can't afford to lose " get wiped to thin air." This part of Harry's advice is probably misleading. Money you can't afford to lose shouldn't be in the PP. It should be in bills, saving accounts and ...