Coming Generational Storm - Free Book

[ats5g]

Thanks to Bob K over at M* for the link. It's a free PDF copy of:

The coming general storm from Scott Burns and Larry K.

- Alec

[newyorklady]

thanks. reading it now.

[Marshac]

If you would like to watch a lecture by one of the authors, it can be found here-

http://mitworld.mit.edu/video/202/

Have some zoloft, prozac, or vodka handy.

[newyorklady]

cant find rydux that he talks about. what mutual funds short the long term bond market?

[Olav23]

Originally Posted by newyorklady

cant find rydux that he talks about. what mutual funds short the long term bond market?

I haven't seen the lecture/read the ebook yet, but my guess is you are looking for:

Inverse Government Long Bond
Seeks to provide investment returns that inversely correlate to the daily performance of the current Long Treasury Bond.
Class Symbol
A RYAQX
Advisor RYJAX
C RYJCX
Investor RYJUX

[newyorklady]

thanks so much. you are the best.

[wildcat]

I have read it. Not bad. Again, my summary is - the US is screwed and Burns recommends the 10 block portfolio now as a result.

[chinaco]

I think it is Rydex funds

[newyorklady]

Originally Posted by wildcat

I have read it. Not bad. Again, my summary is - the US is screwed and Burns recommends the 10 block portfolio now as a result.

what is the 10 block portfolio. or direct me to where i can find out please.

[wildcat]

Same guy from your play money topic:

http://assetbuilder.com/

He has several portfolio but the 10 block was the one presented in the book and I believe it is his most recent.

[newyorklady]

ok thanks. so let me see if i get this right... –Block 10: International value stocks, such as iShares International Value ETF. now, question... is his book dated now (other than general investing advice)?

[newyorklady]

Originally Posted by Olav23

I haven't seen the lecture/read the ebook yet, but my guess is you are looking for:

Inverse Government Long Bond
Seeks to provide investment returns that inversely correlate to the daily performance of the current Long Treasury Bond.
Class Symbol
A RYAQX
Advisor RYJAX
C RYJCX
Investor RYJUX

so i am retarded, i know, but what is the difference between these four. looked them up on etrade and they seem similar. what is your opnion of them? as someone who is worried about inflation even before reading this generational storm book is this a good way to go? how do i research this further. any advice is much appreciated

[wildcat]

I am not going to wade through the PDF file but I don't recall that being one of his suggestions in the book.

Added: I believe he recommends TIPs and I Bonds for the book's predicted inflation spikes & the short side ETFs/mutual funds charge incredibly high fees which IMHO defeats the gain.

Holy sh!t:
Expense RYAQX Category
Avg
Total Expense Ratio: 4.91% 2.15%
Max 12b1 Fee: 0.25% N/A
Max Front End Sales Load: 4.75% 4.69%
Max Deferred Sales Load: 0.00% 1.25%
3 Yr Expense Projection*: $1,946 $798
5 Yr Expense Projection*: $2,923 $1,324
10 Yr Expense Projection*: $5,351 $2,695

[lswswein]

Originally Posted by newyorklady

so i am retarded, i know, but what is the difference between these four. looked them up on etrade and they seem similar. what is your opnion of them? as someone who is worried about inflation even before reading this generational storm book is this a good way to go? how do i research this further. any advice is much appreciated

They are all different class funds of the same thing. Somne of them have front end load, others have backend etc. You can check the Expense ratios by looking at them at yahoo finance. Shows the ER on the bottom right. They all have ER's above 4% - I personally wouldn't buy anything with an ER more than 2% ever! Too big of an hurdle for the manager to get over.
http://finance.yahoo.com/q/pr?s=RYJAX

-h
p.s: My total portfolio has an ER of 0.35%

[newyorklady]

thanks lswswein that is very helpful. much appreciated.

[FinanceDude]

All I can say is wow............... :P :P

Maybe we should fire the whole Congress, and start over.............

[ziggy29]

Methinks this is something AARP didn't want people to see.

[Gumby]

I recall reading a book called something like "The Coming Retirement Crisis" back about 1995 that said essentially the same thing. It is one of the things that got me started in seriously thinking about and investing for retirement.

[donheff]

The long term fiscal outlook has made me a long-term bear. I figure the baby boom will start retiring in earnest in about 5 years but the bulk of them won't come on until later. In the meantime boomers need to keep piling into their 401ks. So I keep my fingers crossed and hope to get through the decade with a positive market. But eventually the chickens come home to roost. So at some point if I continue to believe what I think I will have to switch to a bear portfolio. Or, if the rates are good, join C-T with an inflation protected SPIA

[Bikerdude]

We can only hope that the economy grows at a better rate than projected and that many "boomers" continue to work and pay taxes. That said, Congress will make cuts. Bush is already talking about taxing our medical benefits as income. This is just the beginning. Medicare is the BIG problem as the book points out.