Guest

Comments:

• “If you had $20,000, didn’t want to take risk and wanted the best return, how would you invest?” There's not a molecule of a chance of me offering a friend/colleague/client any advice without asking for more info even if it appears they would not be "more receptive" to a few more questions. And making assumptions about what they mean/want/need based on their question, no way.

  Post: Risk at Every Turn

  Link to comment from May 30, 2024

• We recently drove thru KY on our way home after visiting Nashville. My expectations for a drive thru KY were pretty low. But after visiting Bardstown and Lexington and driving many back roads thru the state I found it beautiful and from that perspective I can certainly see the draw. For me, however, I've always been a small coastal town New Englander and always will be. And, yeah, I'm also a sucker for those top 10 lists as silly as they are.

  Post: Didn’t Make the List

  Link to comment from May 2, 2024

• I anticipate the number of people unretiring will soar from only 1 out of 8 in the years ahead as very poor retirement savings, inflation and lower than average investment returns take their toll (and/or folks simply delay retirement altogether).

  Post: Back to Work

  Link to comment from April 3, 2024

• "HAVE YOU EVER HAD one of those debates where you come up with the winning argument—hours later, long after everybody has gone home?" Let's just change this to "... long after my wife has gone to bed". Happens to me all the time on every argument with her.

  Post: Matters of Principal

  Link to comment from March 22, 2024

• Mr. Lancaster - I use Morningstar (M*) to track fund performance and all M* performance data is net of fees and that's clearly the only appropriate reporting to measure apples to apples. I have 95% of our retirement assets divided between FCNTX, FLPSX and DODGX. Not exactly small funds but by any OBJECTIVE measure, and again, net of fees, they have been superb performers (Note the 5-year, 10-year, and 15-year "Percentile Rank" for each fund on M*). While many investors are more interested in arguing about month-to-month or quarter-to-quarter performance, that sort of argument is speculating, not investing. Of course, I cut my teeth at Fidelity and active management has always been the name of the game and I've been lucky. Perhaps reasonable people will disagree on the best investing approach - the key is being invested, not being on the sidelines. And I certainly see the value in indexing and may transition to that down the road.

  Post: Asking Myself

  Link to comment from March 16, 2024

• Perhaps when I retire and want a simpler portfolio I will change over to index funds. For now my actively managed funds continue to outperform their respective index/category handsomely enough that I'll keep going that route.

  Post: Asking Myself

  Link to comment from March 16, 2024

• Mr Quinn. I know you directed your question to Rick but thought I'd add that I've also used TT for years and generally been happy with it. Yesterday I did our taxes but their software made a very basic mistake in one section. I talked with 2 of their "experts" for over an hour and they couldn't solve it. After the calls I found a workaround myself. My only consolation was that in the end, while my returns were more complex than ever, both the Fed and State were free.

  Post: The Downside of Up

  Link to comment from March 14, 2024

• Yes sir and I agree. I'm not saying to purposely not build additional wealth (I am very much a capitalist!), it's about focusing on it at the expense of other later-life enjoyable pursuits. I don't care about setting and hitting some random wealth target.

  Post: He Asked, I Answered

  Link to comment from March 9, 2024

• I mean no disrespect but I expect that when I'm 80+ I will have far more interesting goals than thinking about "achieving my next net worth goal." Often we all can tend to think too much about how much $$ we have - it's borderline gross. I expect most readers will completely disagree with me!

  Post: He Asked, I Answered

  Link to comment from March 9, 2024

• Mr. Quinn - I mean this for humor only sir. Perhaps I should start a blog when I retire so I’d "have a place to rant". That would clearly lower my blood pressure.

  Post: Retiring on My Terms

  Link to comment from March 4, 2024