Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-02-2006, 10:35 PM   #1
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 147
Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

http://contrib.jrb3.com/SLNet/Articl...-on-stocks.php

And here is the current related thread in the Simple Living Network (SLN) Forum

http://www.simpleliving.net/forums/t...TOPIC_ID=37607

You may need to register to read the above.

Of course the YMOYL crowd does not believe in inflation.

Opinions?
__________________

__________________
Hydroman 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: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-02-2006, 10:45 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

Quote:
Originally Posted by Hydroman
Of course the YMOYL crowd does not believe in inflation.

Opinions?
Does not your statement above tell you everything you need to know about the usefulness of anything they might say?

Not believing in inflation is close to not believing in entropy.

Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-02-2006, 10:54 PM   #3
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

Quote:
Originally Posted by Hydroman
http://contrib.jrb3.com/SLNet/Articles/joe-on-stocks.php
And here is the current related thread in the Simple Living Network (SLN) Forum
http://www.simpleliving.net/forums/t...TOPIC_ID=37607
You may need to register to read the above.
Of course the YMOYL crowd does not believe in inflation.
Opinions?
Sure, 100% Treasuries will work fine. Just make sure your portfolio is big enough.

By "not believing in inflation", the book discusses how electronics and bicycles were cheaper in the 1990s than 1980s. It's true that the cost of some items drops over time, especially computers. However the authors ignored the galloping rise of healthcare and other insurance, home values/rents, heating oil, and a host of other things that I'd consider essential to a decent quality of life. I'd have a hard time explaining to my spouse in our eighties why we're seeking cheaper lodgings to avoid non-existent inflation.

Test a couple runs in FIRECalc with your retirement expenses-- one run with a retirement portfolio of 100% Treasuries, another with 50% stocks/50% Treasuries, and a third with 100% stocks. Try to achieve 90% success with each and decide which portfolio you're willing to work for.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-03-2006, 12:20 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,695
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)


Joe Domiguez is a terriffic person and inspirational writer but his investment advice is, to be polite, aweful. Don't follow his investment advice but don't dismiss the contribution he made to shifting a lot of people's thinking about work, retirement & life.
__________________
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-03-2006, 05:50 AM   #5
Recycles dryer sheets
 
Join Date: Jan 2006
Posts: 116
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

the last reprint of the book was 1999, but it was written much before that.

Like any book, I doubt following the investment advice of something ten years old or so could be disasterous. Who knew that health care would be in the state it is in today, or that pensions would be taken over by pension guarantee when the CEO's got millions in restructuring? And on and on.

The basic message of the book is valuable, but he lived in shared housing, had no kids and his way of life unlike most here.
__________________
shorttimer is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-03-2006, 08:39 AM   #6
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

Quote:
Originally Posted by Nords
Sure, 100% Treasuries will work fine. Just make sure your portfolio is big enough...
Or make sure your treasuries consist of 14% 30-year bonds that you buy @ par.
__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-03-2006, 09:44 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

Quote:
Originally Posted by Peter76
Or make sure your treasuries consist of 14% 30-year bonds that you buy @ par.
Good idea!! Got any I can buy..............
__________________
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: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-05-2006, 11:07 AM   #8
Recycles dryer sheets
 
Join Date: May 2005
Posts: 438
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

I think its interesting he refused to answer the question about indexing. Might have shot down his complaints about holding individual stocks.
__________________
rmark is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-05-2006, 11:20 AM   #9
Recycles dryer sheets
 
Join Date: May 2005
Posts: 438
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

I had the original tape set years ago, and have always thought the book suffered from too many authors. The original tapes were oriented to helping you focus your spending on your interests, without the environmental and service work guilt trip, and with early retirement as a by-product, not a goal. I found the book to be a disappointment. It now seems to be used more as a recruiting tool for activist volunteers. It's philosophy, not personal finance.
__________________
rmark is offline   Reply With Quote
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)
Old 10-05-2006, 12:22 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,685
Re: Joe Domiguez Q&A on Stocks ( Your Money or Your Life Co-Author)

Quote:
I found the book to be a disappointment. It now seems to be used more as a recruiting tool for activist volunteers. It's philosophy, not personal finance.
Personal Finance is the control of your expenditures is it not? You can live within your means or you can try and maximise your returns. His book to me was very clear, find out what you feel is important, track and budget it and start saving money to earn interest that will pay for those expenditures.

I don't know how many people really want to live a life as what they are implying you would end with, but for the most part inflation for what is essential in America is very low assuming you own your house. Furnaces and Air Conditioners are far more fuel efficient now than any increase in the commodities used to run them. Today's best Nike shoes are no doubt more comfortable yet do they protect feet any better than the standard gym shoe of 35 years ago? Those can still be bought at a fraction of the price of the top Nike shoes.

There is a reason the average home has increase in size from 1200 to 2100 square feet over the past decades. Real life living standards have improved. Keeping up with the Jones's is the main source of inflation in America today.

For individuals living on such a simple lifestyle interest income is best - why if you feel that too much of the world is spent on unnecessary items would you put your money into an investment that counts on a continued surge in spending on those items.

Personal finance is how you control your money, money is merely a stored unit of your time. Therefore personal finance is a control you exercise of your money and your time.

The range in America on the spending side goes from the Unabomber at $300.00 per year to the millions per year spent by Donald Trumps always doing the first class ride. Inflation rates at each level in between are very definitely personalized and not the CIP.
__________________

__________________
Running_Man is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Money Article about asset allocation tlg501 FIRE and Money 7 02-27-2006 10:44 AM
Average Joe can retire rich mickeyd Young Dreamers 40 01-06-2006 07:36 PM
Swedroe comments on buying individual stocks. Nords FIRE and Money 27 10-12-2005 10:20 PM
Question - 'Chicken' Money' Ol_Rancher FIRE and Money 1 01-10-2004 08:56 AM

 

 
All times are GMT -6. The time now is 02:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.