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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:24 PM   #161
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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...
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:31 PM   #162
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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
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:37 PM   #163
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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.

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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:45 PM   #164
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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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?
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:48 PM   #165
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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.


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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:51 PM   #166
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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...
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:54 PM   #167
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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.
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:55 PM   #168
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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

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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 02:56 PM   #169
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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
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:01 PM   #170
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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...
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:10 PM   #171
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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
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:11 PM   #172
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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?
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:18 PM   #173
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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
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:18 PM   #174
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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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?
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:20 PM   #175
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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..............
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:40 PM   #176
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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....
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 03:46 PM   #177
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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.
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 04:01 PM   #178
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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
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 04:13 PM   #179
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Nuthin' up my sleeve... Presto!! :P
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-02-2007, 04:19 PM   #180
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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.
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