You confuse my opinions with my personality. I am extremely opinionated and many may disagree that doesn't bother me one bit. Everyone is welcome to their own investment strategy and I have not criticized anyone's strategy. I have criticized asset allocation, mpt and some of the closed mindedness I have run into already.
Go here and click on the prominent "New Thread" box at the upper left.
Marc, you might want to take note of your thoughts and check back on them in six or seven years to see if you feel differently. Or, better yet, volunteer to be a moderator. Then you can walk the talk.As an E-R.org newcomer who has been treated well and who has benefited greatly from the kindness and generosity of this community, I am disappointed by the prickly, defensive way in which he is being treated. After re-reading every one of his posts, I think we're being awfully rough. In my opinion, E-R.org would be even better than it is if we were willing to welcome experienced retirees and investors with strong opinions as graciously as we do incompetent, humble beginners.
I think we have to also remind ourselves of the investment analysts's conundrum: "If they're so good, then why aren't they rich?"
When someone says, "this strategy has beaten the index 10 out of 11 years" etc., I'm glad I stick to indexing as my strategy
If you choose your risk definitions with a little care, then volatility becomes irrelevant...He was quite good at it, though, and became a millionaire on three different occasions. I would have thought becoming and remaining a millionaire one time would have been more effective, but that's just me.
Marc, you might want to take note of your thoughts and check back on them in six or seven years to see if you feel differently. Or, better yet, volunteer to be a moderator. Then you can walk the talk.
BCInvest is displaying a fairly common pattern of behavior that's been repeated all too often on this board over the years. It starts with their apparent inability (or lack of interest) in comprehending the social implications behind the guidelines of "Don't be a jerk." Their "contributions" don't improve with time and their result has been pretty much the same: rocketing into the top 10 of the "Ignore Poster" list culminating in "suicide by moderator".
Value investors may be uncommon, but good value analysis is not. I think there are plenty of places to learn the principles and practice their application. In this case it's difficult to accept that the manner of delivery is justified by the quality of the message.
I think we have to also remind ourselves of the investment analysts's conundrum: "If they're so good, then why aren't they rich?" Or its corollary: "If they're making so much money from their fundamental valuation analysis, then why do they have to charge for their newsletters?" And its other corollary: "If they're doing so well with their analysis and their newsletter writing, then why aren't they doing more of it? Why do they have to come to Internet discussion boards and dump hostile posts on DIY investors?"
No problem-- I've seen the attitude before-- good luck with it.We're far enough apart on this issue that I don't think there's any reason to discuss it further. Let's just agree to disagree. I'll continue to be disappointed in the E-R.org community's response to bcinvest, and you presumably will continue to think as you indicate below.
i appreciate this thread tho there has been a distracting theme in it. after reading various comments i see my international exposure is low and i need to do some shifting from a to b so to speak. i did not realize vanguard had such a high suggestion for international. i would have thought as a retiree having about 12 or 13% was adequate. yet it is about risk and how/when does one decide whether to take more or less? in one respect i should be more conservative and not take as much equity risk about 65% cuz i really don't need to. so if i am going to have that much in equities then i should bump up the foreign by reducing the domestic. very enlightening thread.
We're far enough apart on this issue that I don't think there's any reason to discuss it further. Let's just agree to disagree. I'll continue to be disappointed in the E-R.org community's response to bcinvest, and you presumably will continue to think as you indicate below.
Hi Veremchuka,
You may already know this, (I couldn't tell from the post) but the percent of international is phrased as a percent of the equity portion of the portfolio, and not the % of the entire portfolio. i.e. as a retiree you may be 40-50% stocks and 50-60% bonds and so 30% international of the 40% equity investment works out to only be 12% of the total portfolio.
That said, imo, 25-35% international is probably less risky over the next 20 years than being strictly invested in domestic companies.
This strategy had worked wonders for my portfolio, as I was able to double my money relative to the market over about a 2 year period in 2002-2004. ............. I got back into the strategy in 2007-2009 and beat the market about 35% over that time frame.
Because of my Chapter 7 bankruptcy .......
You confuse my opinions with my personality. I am extremely opinionated and many may disagree that doesn't bother me one bit. Everyone is welcome to their own investment strategy and I have not criticized anyone's strategy. I have criticized asset allocation, mpt and some of the closed mindedness I have run into already.
I commend you for being highly suspicious, I am too. And, be careful with the use of professional. I publish a small newsletter and charge money to force me to do it. I have no designs on making any money from it or managing anyone's portfolio. I would highly recommend nobody entrust their assets to anyone who can have access to them.
The forums getting started message states "When you are ready, please introduce yourself by starting a new thread in the “Hi, I Am” section". When I was ready I was going to make a post. I am still not familiar with the navigation yet and was waiting to get up to speed to state my case. Imagine how welcoming it is to get a response that says "Our community is more welcoming to new members who post an introduction on our "Hi, I am...." forum, BCInvest" So the welcome message says one thing but the attitude is completely different in practice. And once one poster takes offense to my opinion it becomes like a shark feeding frenzy and everyone takes a shot.
So judge by the quality of my input not by how closely my views align with yours. I am a pretty easy going guy with very little ego. So don't worry nothing you say on a message board is gonna hurt my feelings. If some value my input I'll hang around. If not I have plenty of competing interests for my time. Oh and I do taxes, but it is all pro bono so no I don't need any new customers. So I have no interest in selling that either (the pay is really bad).
Once I figure out how to start a new thread I'll start one discussing investment strategy to avoid cluttering an international asset allocation thread with this material.
Are the two related?