Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 06-29-2016, 07:43 PM   #101
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2016
Posts: 8,968
I don't trust anybody.

I believe anyone until proven guilty. You get the benefit of "reasonable doubt"

Folks here make me think I'm stupid for using a "wealth manager" and he's making me lots of dough.

I gave him more dough after he beat the other guys. I give people a try and then hire the best.
RobbieB 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!

Old 06-29-2016, 08:48 PM   #102
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
samclem's Avatar
 
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
I try to always remember that indexing could not work were it not for the effort of active traders (who keep the market efficient and assure that assets are more fairly valued). Yes, they pay higher costs and, overall, have worse performance than more passive index investors, but it's a sacrifice they make that benefits me and others, so I appreciate it (whatever their motivation).
samclem is offline   Reply With Quote
Old 06-30-2016, 02:18 PM   #103
Thinks s/he gets paid by the post
GravitySucks's Avatar
 
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
To the OP, you have to be frugal to save, and you have to save to have something to invest.
With my career most of my investing was done during "The Lost Decade" of 2000 to 2010, so most of the money is from Savings with a nice bump from 2009 to now.

As for the John Bogle spinoff thread.... While I admire what Bogle did building Vangaurd and Index funds in general, along with his social commentary, I don't think his crystal ball is better than anyone else's. I personally think (hope) his forecasted 3% real over the next ten years is too conservative, but if he's right I'll still be fine, like most of us here.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
GravitySucks is offline   Reply With Quote
Old 06-30-2016, 02:22 PM   #104
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 9,358
Quote:
Originally Posted by GravitySucks View Post
As for the John Bogle spinoff thread.... While I admire what Bogle did building Vangaurd and Index funds in general, along with his social commentary, I don't think his crystal ball is better than anyone else's. I personally think (hope) his forecasted 3% real over the next ten years is too conservative, but if he's right I'll still be fine, like most of us here.
I'm just curious where you are seeing a 3% real return forecast from John Bogle? Most of what I've read has him saying "investors may be left with nothing after adjusting for inflation". Link here:

John Bogle says you won't make much money from stocks - MarketWatch
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
daylatedollarshort is offline   Reply With Quote
Old 06-30-2016, 02:37 PM   #105
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Big_Hitter's Avatar
 
Join Date: May 2013
Location: Les Bois
Posts: 5,761
Quote:
Originally Posted by daylatedollarshort View Post
I'm just curious where you are seeing a 3% real return forecast from John Bogle? Most of what I've read has him saying "investors may be left with nothing after adjusting for inflation". Link here:

John Bogle says you won't make much money from stocks - MarketWatch
I think 3% real is realistic if the portfolio is aggressive enough.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
Big_Hitter is offline   Reply With Quote
being frugal/saving vs investments
Old 06-30-2016, 02:45 PM   #106
Thinks s/he gets paid by the post
GravitySucks's Avatar
 
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
being frugal/saving vs investments

Not sure where I saw the 3 % real. Must have been off a link in this forum though.
This study he co authored say 6% stock, 2.4 % bond.
http://www.businessinsider.com/bogle...decade-2015-11
No inflation noted though.

Edit -
Looks like your link is newer. On some of his assumptions - I'm not paying 1% fund fee or .5% advisor fee.
If you believe in his forecast you might want to move everything to TIPS.

My main point remains: I don't think his crystals ball is clearer than anyone else's. I'm not expecting 7% real, but my crystal balls a bit cloudy too. Guess I'll try Tarot Cards next.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
GravitySucks is offline   Reply With Quote
Old 07-04-2016, 04:26 AM   #107
Recycles dryer sheets
RISP's Avatar
 
Join Date: Jul 2012
Posts: 407
Quote:
Originally Posted by ecowtent View Post
What had a bigger impact-saving/being frugal or investments - on reaching FIRE? Can you quantify or give one suggestion?
Haven't reached FI yet; in fact I have likely ~15 years ahead of me. So far, 10 years in, I'm at 77/23 (savings vs. investment returns).

My spreadsheet says this will have shifted closer to 64/36 by the time I'm FI. If I then decide to keep working and saving, it might go all the way to 40/60 by my mid-sixties.

In other words, the jury is still out on which will end up having been more important, saving or investing. I hope it'll be the latter.
__________________
I am willing to perform services in exchange for currency. For now.
RISP is offline   Reply With Quote
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
Saving vs. Saving ProGolferWannabe FIRE and Money 37 07-07-2013 05:10 PM
How Much am I Saving by Managing My Own Investments? nico08 FIRE and Money 39 03-31-2012 08:41 AM
How is this for being Frugal! Mulligan FIRE and Money 41 02-16-2011 09:07 AM
Can being frugal be taken too far? FANOFJESUS FIRE and Money 14 11-17-2010 06:32 PM
How frugal is too frugal? setab FIRE and Money 36 05-18-2006 12:51 PM

» Quick Links

 
All times are GMT -6. The time now is 11:31 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.