I moved to FL in retirement and couldn't be happier. We spend Oct to May in FL and see our daughters Jun through Sep plus Thanksgiving and Easter. It is a great balance. After 35 years spent in an office, I need to be outside in the susnshine and walking in nature with my wife of 34 years to be happy. Plus I am in an environment where most people share my values. We are much more active in FL than we are in Philadelphia. The winter in Philadelphia is depressing for me.
You assertion that investing in dividends stocks is lunacy is simplistic and silly. Your other assertion that the only purpose of investing is to beat the market is also wrong bcause you are ignoring Risk. Someone could certainly pusue a dividend stock strategy to create a portfolio that generates the income they need with a risk profile below the market. While selling stocks to generate income is plausible, it has the bad side effect of forcing you to sell more shares when prices are low and less shares when prices are high. Personally, 90% of my equity portfolio is in the total stock market fund but I am not in the drawdown phase of my investment life.
I think you are somewhat clueless about what a healthy lifestyle means. Training for an Ironman is more likely to create an injury than make you healthy. I walk 5 miles a day and bike for 40 minutes 3 times per week. I have always maintained my weight and ate a proper diet. I retired and moved to FL so I am outside in the sunshine in nice weather.
Your article had the tone of "look at me and how great I am" because I attemped an Ironman which I found somewhat egotistical.
Completely agree with your column. People need repition to stay the course. 90% of what happens in the market every day is noise that long term investors should ignore. I have a sizable investment portfolio and 83% of the equity portion is in the Vanguard Total Stock Market fund at a cost of 3bp mgmt fee. I have owned the fund for over 20 years. I have two daughters in their late 20"s and all of their investment portfolio is in the same fund. I always thought "sophistification" was euphemism for higher fees on wall street.
Comments
I moved to FL in retirement and couldn't be happier. We spend Oct to May in FL and see our daughters Jun through Sep plus Thanksgiving and Easter. It is a great balance. After 35 years spent in an office, I need to be outside in the susnshine and walking in nature with my wife of 34 years to be happy. Plus I am in an environment where most people share my values. We are much more active in FL than we are in Philadelphia. The winter in Philadelphia is depressing for me.
Post: Retire Is a Verb
Link to comment from January 28, 2023
You assertion that investing in dividends stocks is lunacy is simplistic and silly. Your other assertion that the only purpose of investing is to beat the market is also wrong bcause you are ignoring Risk. Someone could certainly pusue a dividend stock strategy to create a portfolio that generates the income they need with a risk profile below the market. While selling stocks to generate income is plausible, it has the bad side effect of forcing you to sell more shares when prices are low and less shares when prices are high. Personally, 90% of my equity portfolio is in the total stock market fund but I am not in the drawdown phase of my investment life.
Post: Death to Dividends
Link to comment from January 15, 2023
Keep up the good work you do with Humble Dollar. It’s a nice contrast to some of the things promoted on CNBC.
Post: A Difficult Year
Link to comment from January 7, 2023
I think you are somewhat clueless about what a healthy lifestyle means. Training for an Ironman is more likely to create an injury than make you healthy. I walk 5 miles a day and bike for 40 minutes 3 times per week. I have always maintained my weight and ate a proper diet. I retired and moved to FL so I am outside in the sunshine in nice weather. Your article had the tone of "look at me and how great I am" because I attemped an Ironman which I found somewhat egotistical.
Post: My Ironman Triathlon
Link to comment from December 24, 2022
Completely agree with your column. People need repition to stay the course. 90% of what happens in the market every day is noise that long term investors should ignore. I have a sizable investment portfolio and 83% of the equity portion is in the Vanguard Total Stock Market fund at a cost of 3bp mgmt fee. I have owned the fund for over 20 years. I have two daughters in their late 20"s and all of their investment portfolio is in the same fund. I always thought "sophistification" was euphemism for higher fees on wall street.
Post: News You Can’t Use
Link to comment from October 29, 2022