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Comments:
Edwin, that's the best compliment I think any financial writer could receive. Thank you and I'm so happy to help. That's the reason I write.
Post: Off the Treadmill
Link to comment from July 1, 2022
Thank you Neil!
Post: Off the Treadmill
Link to comment from July 1, 2022
I totally agree. My allocation is 60% S&P 500, 20% MSCI ex US Index, and 20% US Small Cap Index. However, for those that don't want to bother with asset allocation research, I think the S&P 500 is a good starter and that's why I referred to it.
Post: Off the Treadmill
Link to comment from June 16, 2022
My guess is that we grind lower and lower through the midterm elections and then things start to stabilize as inflation comes down (fingers crossed). After that, hopefully we get some nice, "average" gains.
Post: Off the Treadmill
Link to comment from June 16, 2022
I feel the same pain. This market isn't a relatively quick drop (4Q 2018, 1Q 2020) and a bounce back. This is a slow grinder that will likely over-correct to the downside. I can't remember the last time that happened (2014-2015?). Its painful watching that net worth number drop month after month for 6 months, but that's the price to pay for entry. It does drive the speculators out. Apparently, JP Morgan said, "In bear markets, stocks return to their rightful owners." By rightful owners, I'm guessing he meant long term investors.
Post: Off the Treadmill
Link to comment from June 16, 2022
Great job Tony! I have to admit, I've been very tempted to buy some Facebook and Google in this downturn.
Post: I Won’t Be Selling
Link to comment from March 9, 2022
Wow, what a story! I cannot imagine losing 50% of a large nest egg. Great job in staying the course.
Post: I Won’t Be Selling
Link to comment from March 9, 2022
Thank you for the comment! My wife has zero interest in personal finance topics and my children run in the other direction when I talk about it so I'm left to offer my thoughts to the great community at Humble Dollar.
Post: I Won’t Be Selling
Link to comment from March 8, 2022
Thank you for the comment!
Post: Measuring Up
Link to comment from February 9, 2022
Thank you very much for the comment. I think immigrants have a different perspective because they've seen some alternatives to the U.S. America is certainly not perfect and not for everyone, but the hyper capitalist system we have is good for those who seek to gain economic prosperity. I'll give you three examples of things that I find amazing. First, we have robust property rights, a fairly lax regulatory system and a federal system of bankruptcy. This makes it easy to start a business, fail, and move on to the next business. This encourages risk taking. If you want to start a business in Brazil or India, good luck with the government. If your business fails in Asia, most Asian cultures look upon you in shame. In the U.S., we shrug our shoulders and say, keep on trying. Second, America has an amazing transportation system. Perhaps, not as good as China but amazing nonetheless. My late dad used to marvel at the wide, clean highways of America. Once this backlog of Covid shipments clears from our old ports (those do need upgrading), we should be humming. With China as the exception, I've never seen a better transport system than the U.S. Third, we have a giant vacuum cleaner educational system. Our system is essentially designed to suck up talent, feed it into a monstrous college system, and produce workers for large, international businesses. Yes, we're snobby, but my experience has been that once you get into the corporate world, nobody gives a crap about where you went to school. Is our system ridiculously expensive? Oh my God, yes. We're off the charts expensive, but our system is basically a factory that molds sheer talent (all kinds of talent) into business people. I think if you grow up here, you can't see it because you don't know any alternative. As for my son (and my daughter), I highly doubt they will be buying Ferrari's only because they LOVE minivans. I kid you not. I drove a Honda Odyssey for a decade. My kids loved that car. They could stretch out, watch movies, sleep, and eat. It was like driving a living room for them!
Post: Measuring Up
Link to comment from February 9, 2022