LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
I want to add the following: Upon review of the 20 years of our investing life, it is pretty clear to me that if we had just done asset allocation with index funds and ETFs from the get-go, that we would be much further ahead than our present circumstances.
We can take some solace in the fact that many ETFs and index funds did not exist in the first half of our investing time frame. Also the literature on investing was a bit different in the early 1980s than it is now. Benjamin Graham's books were classics in those days. Peter Lynch and Magellan were household names. Malkiel had published RandomWalk in 1973, but the Vanguard TotalStockMarket Index fund did not exist until 1992. The safe-withdrawal rate studies by Bengen were published in 1994; the Trinity study of Cooley in 1998.
Sure the index fund mantra has been around for 20 years, but now it has real-world compelling data to go with it.
We can take some solace in the fact that many ETFs and index funds did not exist in the first half of our investing time frame. Also the literature on investing was a bit different in the early 1980s than it is now. Benjamin Graham's books were classics in those days. Peter Lynch and Magellan were household names. Malkiel had published RandomWalk in 1973, but the Vanguard TotalStockMarket Index fund did not exist until 1992. The safe-withdrawal rate studies by Bengen were published in 1994; the Trinity study of Cooley in 1998.
Sure the index fund mantra has been around for 20 years, but now it has real-world compelling data to go with it.
