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Old 12-04-2012, 10:46 AM   #61
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Hi, I am PeteW's wife and reading the posts, I was wondering what the consensus is on the Rational Investing plan which is covered in Bob Clyatt's book, "Work Less, Live More"? It seems very straightforward and an "easier, softer way" to me since it is all laid out for you. Is anyone following his program and if so, satisfied with the results?

Welcome to the forum. There is no such thing as consensus on this forum.

We may mostly all agree that driving makes more sense than walking for a 100 mile trip, but will argue for pages on the relative merits of pickup trucks, motorcycles, Japanese cars, recumbent bicycles, the merits of subsidizing electric cars ...etc etc.

Investing strategy is the same way - you really have to find good enough and call it a day.
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Old 12-04-2012, 11:10 AM   #62
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Originally Posted by Midpack View Post
At the risk of confusing the issue, do you have any idea what you'd like to do with your assets? Do you want to hold individual stocks, mutual funds (passive or active), ETFs? Do you have a sense of what kind of asset allocation you'd be comfortable with? IOW, your risk tolerance? You're safe with Vanguard or Fidelity, but they are not one in the same, they have slightly different strengths/characteristics based on my experience with both. A few days or weeks isn't going to make much difference, it might serve you well to do a little research/reading.

We've given a few suggestions for books, here's another online source Bogleheads FWIW...
+1
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Old 12-04-2012, 12:21 PM   #63
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Originally Posted by travelover View Post
Welcome to the forum. There is no such thing as consensus on this forum.

We may mostly all agree that driving makes more sense than walking for a 100 mile trip, but will argue for pages on the relative merits of pickup trucks, motorcycles, Japanese cars, recumbent bicycles, the merits of subsidizing electric cars ...etc etc.

Investing strategy is the same way - you really have to find good enough and call it a day.

I really wish I had said that. Take your best educated shot at a risk level you are happy with allocation wise and go and live your life and have some fun.

T-bird
Class of 2013
DW Class of 2012 (May, a done deal)
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Old 12-04-2012, 02:04 PM   #64
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Quote:
Originally Posted by Fodus View Post
Hi, I am PeteW's wife and reading the posts, I was wondering what the consensus is on the Rational Investing plan which is covered in Bob Clyatt's book, "Work Less, Live More"? It seems very straightforward and an "easier, softer way" to me since it is all laid out for you. Is anyone following his program and if so, satisfied with the results?
I may get shot down, but I think the majority of members here subscribe to:
  • establish an asset allocation, stock:bond:cash according to age & risk tolerance (there are all sorts of online references & quizzes). 50%:50% 20% might include a lot of the members here.
  • hold few if any individual stocks or bonds, rather select a collection of low expense index mutual funds (Vanguard & Fidelity funds are popular). Typically 3 to 10 mutual funds, but could be more or less.
  • rebalance periodically (annually at a minimum) to maintain target asset allocation. Don't chase returns/attempt to 'time the market.'
Clyatt's philosophy is (generally) consistent with the above, but there are many others (see Lazy Portfolio link in earlier post). His method also incorporates aspects of generating income from the nest egg. Why not look at several before deciding?

There are certainly some more sophisticated/capable/aggressive investors here, but I believe they're in the minority. That takes more effort and knowledge than most people can or want to put into it, especially in the general population at large.

It's worth educating yourself to some extent vs just finding a method and blindly deploying it. You'll sleep better at night if you understand why you own each holding, and how the market naturally flucuates.
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Old 12-05-2012, 10:43 AM   #65
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Originally Posted by Midpack View Post
I may get shot down, but I think the majority of members here subscribe to:
  • establish an asset allocation, stock:bond:cash according to age & risk tolerance (there are all sorts of online references & quizzes). 50%:50% 20% might include a lot of the members here.
  • hold few if any individual stocks or bonds, rather select a collection of low expense index mutual funds (Vanguard & Fidelity funds are popular). Typically 3 to 10 mutual funds, but could be more or less.
  • rebalance periodically (annually at a minimum) to maintain target asset allocation. Don't chase returns/attempt to 'time the market.'
Clyatt's philosophy is (generally) consistent with the above, but there are many others (see Lazy Portfolio link in earlier post). His method also incorporates aspects of generating income from the nest egg. Why not look at several before deciding?

There are certainly some more sophisticated/capable/aggressive investors here, but I believe they're in the minority. That takes more effort and knowledge than most people can or want to put into it, especially in the general population at large.

It's worth educating yourself to some extent vs just finding a method and blindly deploying it. You'll sleep better at night if you understand why you own each holding, and how the market naturally flucuates.
+1. I bet if a poll was to survey the forum members, the majority of the folks here follow the three points mentioned.
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