The 4% article that started it all?

[Martha]

One thing that is really worthwhile in this thread is Intercst's reminder of the potential for inflation with the Dominguez story. No matter what there always is risk and only luck will make you a perfect timer.


People were wrong to accuse people of wearing tin foil hats. But it is also wrong to gloat.

[ormondroyd]

Wrong on several counts. When the overall market is at multiples not seen since 1929, when tech companies trade at 50-100 times earnings, when you can launch an IPO for a company that has no revenues- no sales, any rational person would head for the exit. I happily retired at 51 and have no regrets at all. I shared my research and conclusions with anyone who would listen for 5 minutes. To my knowledge only one did.

As a matter of fact I believe I referenced the relevant article from the Journal of Financial Planning here. Well I learned a valuable lesson from all this myself. People simply believe what they want to regardless of the evidence, history, or professional opinion. Don't waste your time trying to changes their minds, you'll only annoy them- most of the time. Rather sad really. Fred

[REWahoo]

Quote:

Originally Posted by ormondroyd People simply believe what they want to regardless of the evidence, history, or professional opinion. Don't waste your time trying to changes their minds, you'll only annoy them- most of the time.

If you truly believe what you say, why are you posting here again after a five year silence - simply to annoy people?

[ormondroyd]

Let us read carefully please. I did say MOST of the time, yes? Well whatever. Think I'll just go back to enjoying my retirement and not spending time posting. Much too late anyhow.

The whole fiasco reminds me of the joke about poker players. As they sit down the dealer says: Now if we all play real carefully, we can all win a little.
As we can see the "dealers" (Wallstreet, et al) have no intention of seeing their lifestyles impacted by the mess they have created. Bonuses! 1.4 million dollars on remodeling their offices. Fred Ormondroyd