Been following this thread. Very thought prevoking. Appreciate the fact that MathJak and Rich both are sharing their views and not taking any offence by the skepticism from the rest of us.
First, I think Rich's advice to actually READ the book is right on, since if we don't/haven't read it, it is hard to put the whole "Buckets" concept into perspective. I looked online for the book at the library and it is not avail in our area. Then I went to Amazon to see info on the book. I do this often - if not avail from library, I read the exerpt from book at Amazon to get a "feel" for the book and author's style. I also read thru the index and table of contents. I sometimes buy one of these recommended books, trying eBay first since that's usually cheaper.
Getting back to the point!! I just read thru the index of Ray's "Bucket" book and he had listed in the index his list of "Laws" for investing, etc. This is the link:
http://tinyurl.com/h3yy9
(I don't know how to shorten this link, sorry. Moderators are welcome to fix it if they want. Thanks) (DONE--astro)
Anyway - reading thru many of the "Laws" (includes quite a bit of typical financial advice you always hear) this one caught my attention QUOTE:
#23) "A load may help you do the right thing for the wrong reason: If it keeps you from jumping from fund to fund it's worth the cost"
Sorry, but that one sticks in my craw!
Personally I think from what I am reading on this thread, he reminds me of that Rich Dad, Poor Dad guy - light on the details of implementing the big plan. Rich and MathJak are savvy enough to pick up on the good stuff and have enough knowledge to be able to implement it on their own. What about the "average Joe"!? Everyone is looking for the "Magic Beans" from Jack and the Beanstalk. They just don't exist! Not meaning to rant - just wish there WERE some magic beans! (Uncle Mick - pssst ...... Wellesley .......)
Just had to get all that off my chest. I think that this is a really good discussion - we all really need to be careful once we start drawing out our SWR and hashing it out like this makes you look at different alternatives.
Thanks everyone for sharing and letting all of us "see" your different methods of attack. I can't wait to be able to join the ranks!
Getting closer to FIRE every day!
Jane