AUTHOR: Kenneth Tobin on 7/17/2024 FIRST: Rick Connor on 7/17/2024 | RECENT: Rick Connor on 7/17/2024
Comments
I could care less how wealthy one is but to pay these exorbitant fees does nothing to help your children as they think it's the norm. Hopefully they will no better with time
Random Walk by Malkiel is the winner that taught me and millions that indexing is the winning strategy and I read it around 1976. history has proven it 100% true and will remain so.
don't go off the rails with active or alternative investing
You need an advisor more than anything to control your emotions. Investing in a FEW!!! index funds is simplicity and low fees. For the uninformed read Bogle, Malkkiel, and Nick Murray(Simple Wealth). Simple Wealth was a gam,e changer in how I manage my 3 kids assets; 100% equities
I never did as I won the game investing from 75-2000. Lost out in this bull my but never lost an iota of sleep living off unearned income for 26yrs now.
You get to a point when you won the game and lighten up to avoid another black swan event or a political nightmare
Advantage plans are captivated in that the md provider gets a check for X number of pts on a steady basis if he sees you or not. I saw this in NJ Dental Medicaid and its a vv poor system leading to prioritizing pts
My philosophy in retirement is to have a portfolio that allows me to sleep well
Of course you need to understand SORR. ask yourself at retirement if you could afford a 50% equity loss and maintain lifestyle. That has happened twice this century. Just be a well educated investor and use index funds as that's the 50yr proven method superior to any other methodology
Comments
I could care less how wealthy one is but to pay these exorbitant fees does nothing to help your children as they think it's the norm. Hopefully they will no better with time
Post: Money to burn?
Link to comment from January 26, 2026
Another great book Simple Wealth by Nick Murray The 4 pillars by Bernstein and bogle's books
Post: Your two best investing books—and do you also keep an End-of-Life “family binder”?
Link to comment from January 21, 2026
Random Walk by Malkiel is the winner that taught me and millions that indexing is the winning strategy and I read it around 1976. history has proven it 100% true and will remain so. don't go off the rails with active or alternative investing
Post: Your two best investing books—and do you also keep an End-of-Life “family binder”?
Link to comment from January 5, 2026
5 yrs BEFORE RETIREMENT know what SORR means!!!
Post: If You Could Rewind 5 Years Before Retirement… What Would You Change?
Link to comment from December 27, 2025
You need an advisor more than anything to control your emotions. Investing in a FEW!!! index funds is simplicity and low fees. For the uninformed read Bogle, Malkkiel, and Nick Murray(Simple Wealth). Simple Wealth was a gam,e changer in how I manage my 3 kids assets; 100% equities I never did as I won the game investing from 75-2000. Lost out in this bull my but never lost an iota of sleep living off unearned income for 26yrs now. You get to a point when you won the game and lighten up to avoid another black swan event or a political nightmare
Post: Does My Sister Need a Financial Advisor?
Link to comment from November 6, 2025
Advantage plans are captivated in that the md provider gets a check for X number of pts on a steady basis if he sees you or not. I saw this in NJ Dental Medicaid and its a vv poor system leading to prioritizing pts
Post: Don’t make the wrong Medicare decision
Link to comment from October 29, 2025
I did a bunch of conversions to create an account for LTC with my eff tax rate in Florida at 20% on around 400k in income
Post: Roth Hidden Benefits
Link to comment from October 26, 2025
The last sentence sums it up brautifully my mantra is can you afford a 50% stock loss and maintain lifestyle
Post: Achieving and maintaining all the retirement income you need for a chosen lifestyle with limited worry.
Link to comment from September 21, 2025
My philosophy in retirement is to have a portfolio that allows me to sleep well Of course you need to understand SORR. ask yourself at retirement if you could afford a 50% equity loss and maintain lifestyle. That has happened twice this century. Just be a well educated investor and use index funds as that's the 50yr proven method superior to any other methodology
Post: What Could Possibly Go Wrong?
Link to comment from September 2, 2025
65-75 gogo yrs. 75-85. slow go. 85-95 logo
Post: Don’t worry, be happy: tripping through the go-go years
Link to comment from August 6, 2025