Overall I like to buy, not the best but say the second best, is that is the most value for your dollar. From a car experience, I want a soft ride, and a comfortable ride. My choice lately is a Lexus RX350. I am 6 ft so I fit in easily and like the accessories. And right, I do not need a Porsche, or other expensive car similar. If I get into a Corvette or the like, I may have to live in there because at 80 it is difficult to get out.
Another great article. My outlook is to each his own, some better than others. From my childhood onward I liked to earn money, and have some in my pocket. I hate debt but knew it was the only way to buy a car, that came first then buy a house. I was elated when my car payment was paid, and ecstatic when I made my last house payment. Now in retirement happy I saved all those IRA's so I can make my apartment payment in my CCRC.
Thanks, I am a NIIT wit too. I have that expense, but paid very little attention to it, as it is calculated via my Turbo Tax. So thanks again for the enlightenment. There are so many tax rules I contend no one on earth knows them all, that is why I just put in the numbers, review and hope all is correct. I do count on Turbo Tax.
Maybe just let your friend fail, then help him figure it out. Obviously he is a smart person in his business so he does know how, he just does not want to.
My thoughts.
Keep these excellent articles coming. Thanks for sharing the discussion. Times change and people change, but it is my belief, the world will go up and down as the US also goes up and down, and they will not be in sync. I chose to go LONG, with the S&P 500, and I will keep holding LONG the Mag 7. All stocks stumble, and times keep changing, look at any stock chart. I do know one thing, since I have been born in 1946 the S&P 500 continues to go up, but of course not without UP's and Down's. At the end of the day, it is up and I do not expect that to change any time soon.
Keep these thought provoking articles coming, very enjoyable interview. At 80 years old I adopted the 75% index S&P 500, 10% on my own, and 15% cash for those rainy days. Working quite well over the past 10 years.
Great article and thanks for sharing. For your situation, you made amazing progress. Somehow I lucked out and learned about Bogle and Vanguard. I am a self advisor, and am very satisfied especially in retirement with the S&P 500 index funds from both Vanguard and Fidelity. Dad taught me well, never have all your eggs in one basket even for the largest companies, no company is too big to fail, and I will include our US Government with $44 trillion and counting deficit.
Comments
! am 80 and invest mostly in IVV & VOO S&P 500 Index. No bonds, use cash at 15% of portfolio to get me through down markets, RMD is most of my income.
Post: Keep it Simpler
Link to comment from February 23, 2026
Overall I like to buy, not the best but say the second best, is that is the most value for your dollar. From a car experience, I want a soft ride, and a comfortable ride. My choice lately is a Lexus RX350. I am 6 ft so I fit in easily and like the accessories. And right, I do not need a Porsche, or other expensive car similar. If I get into a Corvette or the like, I may have to live in there because at 80 it is difficult to get out.
Post: Choices, choices everywhere
Link to comment from February 14, 2026
Another great article. My outlook is to each his own, some better than others. From my childhood onward I liked to earn money, and have some in my pocket. I hate debt but knew it was the only way to buy a car, that came first then buy a house. I was elated when my car payment was paid, and ecstatic when I made my last house payment. Now in retirement happy I saved all those IRA's so I can make my apartment payment in my CCRC.
Post: What does ”means” mean?
Link to comment from February 14, 2026
Thanks, I am a NIIT wit too. I have that expense, but paid very little attention to it, as it is calculated via my Turbo Tax. So thanks again for the enlightenment. There are so many tax rules I contend no one on earth knows them all, that is why I just put in the numbers, review and hope all is correct. I do count on Turbo Tax.
Post: Yes, I am a NIIT wit
Link to comment from February 14, 2026
Maybe just let your friend fail, then help him figure it out. Obviously he is a smart person in his business so he does know how, he just does not want to. My thoughts.
Post: The Monthly Mystery of the Vanishing Paycheck
Link to comment from February 14, 2026
Keep these excellent articles coming. Thanks for sharing the discussion. Times change and people change, but it is my belief, the world will go up and down as the US also goes up and down, and they will not be in sync. I chose to go LONG, with the S&P 500, and I will keep holding LONG the Mag 7. All stocks stumble, and times keep changing, look at any stock chart. I do know one thing, since I have been born in 1946 the S&P 500 continues to go up, but of course not without UP's and Down's. At the end of the day, it is up and I do not expect that to change any time soon.
Post: Sell America
Link to comment from February 14, 2026
Excellent Article. You worked hard, found a way to survive a very difficult time. Congratulations and thanks for sharing. Enjoy retirement.
Post: Financial Trauma
Link to comment from February 14, 2026
Keep these thought provoking articles coming, very enjoyable interview. At 80 years old I adopted the 75% index S&P 500, 10% on my own, and 15% cash for those rainy days. Working quite well over the past 10 years.
Post: Perfect Portfolio
Link to comment from February 8, 2026
Dennis thank you for your many thoughtful articles over the years. Jonathan is smiling and so are we.
Post: Value of Waiting
Link to comment from February 8, 2026
Great article and thanks for sharing. For your situation, you made amazing progress. Somehow I lucked out and learned about Bogle and Vanguard. I am a self advisor, and am very satisfied especially in retirement with the S&P 500 index funds from both Vanguard and Fidelity. Dad taught me well, never have all your eggs in one basket even for the largest companies, no company is too big to fail, and I will include our US Government with $44 trillion and counting deficit.
Post: The High Cost of Financial Advice: A Tale of Two Portfolios Revisited
Link to comment from February 8, 2026