Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:24 PM   #161
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
Besides indexing please...
Leveraged beever-cheeze futures should do the trick...
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:31 PM   #162
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Okay - I'm back - soooo - whose skins and whose shirts. Any volunteers to put on a Green Wave shirt and go to the swamp in Baton Rouge and yell 'go to hell Lsuuuuu!'.

Googled up Guru focus: the Buffett watch - United Health Care, US gypsum, Ingersol Rand, US Bancorp, Iron Mountain,Target, Lowes, Nike, Johnson and Johnson, GE, Sanofi -Adventis, good old Budweiser and a few more.

I'm gonna take the dogs to the park - let me know when we make our million - faster than eleven years I hope.

heh heh heh
unclemick is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:37 PM   #163
Recycles dryer sheets
 
Join Date: Oct 2006
Posts: 80
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Probably going to really regret this post.

But, I'm not certain we show anymore maturity than AJ. Reading the posts, we certainly match his insult with 10 of our own.

HelpMeRhonda is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:45 PM   #164
Recycles dryer sheets
 
Join Date: Mar 2007
Posts: 79
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by HelpMeRhonda
Probably going to really regret this post.

But, I'm not certain we show anymore maturity than AJ. Reading the posts, we certainly match his insult with 10 of our own.

No it's ok, after 11 pages of this futile thread, I've basically come to this conclusion about early-retirement investment strategies

Stocks are clearly the best way to go
after that Index funds
and waaaaaaaaaay behind those two options are Actively managed?

Did I sum up your ideologies correctly?
AirJordan is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:48 PM   #165
Full time employment: Posting here.
DRiP Guy's Avatar
 
Join Date: Nov 2006
Posts: 548
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
No it's ok, after 11 pages of this futile thread, I've basically come to this conclusion about early-retirement investment strategies

Stocks are clearly the best way to go
after that Index funds
and waaaaaaaaaay behind those two options are Actively managed?

Did I sum up your ideologies correctly?
Oh, of course! As was pointed out to you earlier ( ) , there is but a single monolith here, with only one position, and only one voice.


Just exactly what demon is it you are you fightin', son?

Quote:
Ham.
Madam, how like you this play?

Queen.
The lady doth protest too much, methinks.
DRiP Guy is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:51 PM   #166
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 17,203
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
Besides indexing please...
How come you did not look at the #1 managed fund in the early '80s which every one wanted to buy as it was so good...and now it is below average...

Fidelity Magellan...

So, which fund will outperform in the next 10 years Dont' know...
Texas Proud is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:54 PM   #167
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
No it's ok, after 11 pages of this futile thread, I've basically come to this conclusion about early-retirement investment strategies

Stocks are clearly the best way to go
after that Index funds
and waaaaaaaaaay behind those two options are Actively managed?

Did I sum up your ideologies correctly?
I don't even know where to begin. Evidently the third tier law school you went to didn't insist on reading comprehension skills.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:55 PM   #168
Full time employment: Posting here.
DRiP Guy's Avatar
 
Join Date: Nov 2006
Posts: 548
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by Texas Proud
How come you did not look at the #1 managed fund in the early '80s which every one wanted to buy as it was so good...and now it is below average...

Fidelity Magellan...

So, which fund will outperform in the next 10 years Dont' know...
Or contrafund? That was a biggie when I got into investing back when...


http://money.cnn.com/2006/03/31/fund...ion=2006033117

DRiP Guy is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 01:56 PM   #169
Full time employment: Posting here.
CCdaCE's Avatar
 
Join Date: Apr 2006
Posts: 897
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
No it's ok, after 11 pages of this futile thread, I've basically come to this conclusion about early-retirement investment strategies

Stocks are clearly the best way to go
after that Index funds
and waaaaaaaaaay behind those two options are Actively managed?

Did I sum up your ideologies correctly?
I'm bored. Here's my ideology on investments:

Individual stocks have uncompensated risks. End of story. Or I could go on endlessly with trading expenses, bid-ask spread, the "hassle" of trading, etc.

Most actively managed funds have something about them that I don't like. High turnover, high expenses, stupid manager moves, style drift, etc.

Any of this mean anything to you? Lets start with this small bite.

Do you realize what you're up against, is all I'm asking. Ask any driver. Does he/she think they're a below average driver?

-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
CCdaCE is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:01 PM   #170
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 17,203
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Hmmm... Dodge and Cox is international emerging markets... I got Vanguard Emerging Markets INDEX...

Winners...

3 months... D&C
6 months Vanguard
1 year D&C
2 year Vanguard
5 year Vanguard
"Max" (from 2001) Vanguard... looks like about 155% to 130%

I can see where that active management has given you so much more money...
Texas Proud is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:10 PM   #171
Recycles dryer sheets
 
Join Date: Mar 2007
Posts: 79
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

WRONG, D&C is LCV International, NOT EMERGING MARKETS, only about 20% of it is emerging markets. So I would hardly classify it as such
AirJordan is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:11 PM   #172
Recycles dryer sheets
 
Join Date: Mar 2007
Posts: 79
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Try comparing DODFX to VGTSX, who's the winner now?
AirJordan is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:18 PM   #173
Full time employment: Posting here.
CCdaCE's Avatar
 
Join Date: Apr 2006
Posts: 897
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
Try comparing DODFX to VGTSX, who's the winner now?
Round and round we go.

Sharpe Ratio mean anything to you? Know who Fama and French were/are and what they did? Read any of the last 11 pages. Hilarious.

"I say is any of this gettin' through to ya boy?" - Foghorn Leghorn.

-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
CCdaCE is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:18 PM   #174
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
WRONG, D&C is LCV International, NOT EMERGING MARKETS, only about 20% of it is emerging markets. So I would hardly classify it as such
Heh, maybe on the closing day of the last quarterly report. In the meantime, who knows what is in it?
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:20 PM   #175
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,483
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by CCdaCE
Round and round we go.

Sharpe Ratio mean anything to you? Know who Fama and French were/are and what they did? Read any of the last 11 pages. Hilarious.

"I say is any of this gettin' through to ya boy?" - Foghorn Leghorn.

-CC
Means something to me..............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:40 PM   #176
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 17,203
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by AirJordan
Try comparing DODFX to VGTSX, who's the winner now?
Lets go with that.....

in the last two years... looks like a tie... for 5 years... Dodge wins...

But again, and you seem to ignore this for some reason... Dodge wins with a lot more risk....
Texas Proud is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:46 PM   #177
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Quote:
Originally Posted by Texas Proud
in the last two years... looks like a tie... for 5 years... Dodge wins...
It wasn't a tie. Vanguard paid a 1% higher dividend.
wabmester is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:01 PM   #178
Recycles dryer sheets
 
Join Date: Apr 2006
Location: Hardscrabble Texas
Posts: 372
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

AJ......I don't really have any advice for you. Look to people like Brewer for that. I do have a question.....seriously now. I have a son about your age and income and I can't get him to to take any interest in investing, much less retirement. My question is......what, or who, motivated you at such a young age to to set these goals for yourself? Was it a parent, professor, etc. or something that was just naturally in you to do? My son is frugal and debt free, but his only concern is enough money for camera equipment, camping gear, his next trip to Alaska, Austrialia or whatever. I can't even interest him in books about investing.
Sorry to go off topic like this, but I was just interested in what moved you.
Thanks
__________________
.....#.....
Poundkey is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:13 PM   #179
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Nuthin' up my sleeve... Presto!! :P
Attached Images
File Type: jpg bullwinkle.jpg (59.4 KB, 12 views)
Attached Files
File Type: jpg_thumb bullwinkle.jpg_thumb (38.7 KB, 0 views)
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:19 PM   #180
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

I'm kinda thinking troll, but just in case . . .

AJ,

No one should be trying to convince you to invest in a different style than you feel comfortable with. That would be the biggest mistake you could make. I don't really think anyone is. If you spend enough time listening to how various people got to a safe, comfortable retirement one thing becomes clear: there are an infinate number of ways to achieve financial success. This board has folks who focus on real estate. We have market timers and asset allocators and everything in between. We have long-term buy-and-hold strategies and we have traders. We have indexers, managed fund proponents, stock pickers, junk bond advocates, . . . And, if we can believe what they say, we have examples of successful people in all classes.

I think a lot of investment discussions begin to sound like car talk. "Chevy's are better so anyone who drives a Ford is a moron." It's not enough simply to indicate one's preferance for a Chevy. The Chevy fanatic has to condem all other preferances too.

A lot of investors who have achieved more success and who have more experience than you don't use your approach to investing. That doesn't make you or them wrong. Many posters in this thread have pointed out that your approach may work well for you. The resistance you are experiencing is related more to the other part of your posts -- implying that anyone who uses another approach is a moron. The worst part about taking that stance isn't the "bitch slappin'" you are going to get on this board, it is that such a stance will keep you from learning. Based on your posts, you are not a very sophisticated investor and you still have a lot to learn. You seem naive about issues like managing risk, the importance of time-frame, etc. when making comparisons.

If you're not a troll, good luck. If you are, I hope you like being bitch slapped.
sgeeeee is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poke holes in my new financial plan Zoocat FIRE and Money 16 03-11-2007 07:12 PM
35 buckets plan, starting WR of 7.4% - punch holes in me plan citril FIRE and Money 35 03-10-2007 05:46 PM
New retirement plan, 400 million in a year, no money down teejayevans Other topics 1 02-13-2007 12:38 PM
nTelos cell phone plan? Dreamer Other topics 3 07-14-2006 12:27 PM
Shoot holes in my plan or give me a sanity check frayne FIRE and Money 4 04-04-2004 03:48 PM

» Quick Links

 
All times are GMT -6. The time now is 07:53 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.