Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Re: Another $#@^%# newbie!
Old 12-23-2003, 02:00 PM   #1
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: Another $#@^%# newbie!


three small suggestions:

!. Select/or even buy a 'benckmark' like Vanguard's Balanced Index fund or Dodge and Cox Balanced or Wellington. It took me from 1966 - 1996 to figure out I couldn't beat indexing over the long haul. By all means keep putzing with your selections - I think it's hard wired into the male mind. I had 8 funds plus a rental duplex in 1993, age 49. Grade youself against the 'benchmark' you select.

2. If you discover you have the knack(I don't) by all means keep your hand in RE - it's a good counterbalancer to stocks/bonds.

3. I own Vanguard REIT - it still has a low R squared and beta against the S&P 500 BUT I went thru -16% or so drop not long after purchase and kept it because of it's low correlation - which is why I own it - i.e. understand why you may want to own it.

Have fun - nows the time do what floats your boat. I just finished YMOYL, eleven years after ER - found A lot things we did - after the fact.
unclemick 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!

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
More dumb questions from another newbie that can't spell worth $***! VaCollector FIRE and Money 24 05-16-2007 05:06 PM
Being a newbie & all, I hate to ask.... Bram Forum Admin 14 01-18-2007 01:10 PM
Newbie Ken says hello and thanks kb56 Hi, I am... 5 05-24-2006 09:04 PM
Newbie question about MPT (Modern Portfolio Theory) Van FIRE and Money 6 05-10-2006 06:09 PM
FireCalc Newbie: Wide variability-final portfolio Delawaredave5 FIRE and Money 14 03-16-2005 07:50 AM

» Quick Links

 
All times are GMT -6. The time now is 02:56 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.