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401(k)s will be considered unthinkable 50 years from now

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Mr. Bill:

--- Quote from: iam4liberty on April 05, 2019, 09:43:22 AM ---Harry Browne was a friend of mine and I use his system.

--- End quote ---

Lucky you!  I never met him, but he always seemed like a nice guy, and very sensible, and a really good explainer.  His "Permanent Portfolio" concept has treated my wife and I very well.  We didn't get the full benefit of all the investment booms, but we also didn't suffer the full disaster of the investment busts that nuked a lot of people's savings.

FreeLancer:

--- Quote from: David in MN on April 05, 2019, 08:48:41 AM ---Tim might  be a brilliant doctor,

--- End quote ---

More likely Dr Tim lives paycheck to paycheck and will die with a student loan balance.  No way in hell he's saving 2% of his income in his 30's and 40's, let alone 20%.  Creating additional anxiety over optimal investment vehicles, asset allocation, and trading is a distraction that only further compounds his problem.

Doctors and lawyers can't save for shit because their lifestyle expectations are too high. 

David in MN:

--- Quote from: FreeLancer on April 05, 2019, 01:23:33 PM ---More likely Dr Tim lives paycheck to paycheck and will die with a student loan balance.  No way in hell he's saving 2% of his income in his 30's and 40's, let alone 20%.  Creating additional anxiety over optimal investment vehicles, asset allocation, and trading is a distraction that only further compounds his problem.

Doctors and lawyers can't save for shit because their lifestyle expectations are too high.

--- End quote ---

I regret to say that's actually my experience with medical and legal people. There's even a bad joke about people wwith too many investments to track that goes "engineer or accountant?" But it does hint at the bias those who studied numbers have for investing.


--- Quote from: iam4liberty on April 05, 2019, 09:43:22 AM ---I have virtus (new name for ZTR) in portfolio too.  It has been a good choice.

Harry Browne was a friend of mine and I use his system.  It is very easy.  You divide your investments into two piles, permanent and speculative.  The permanent portion is highly diversified to weather the different types of economic conditions.  It grows at 5%+ per year on average and virtually never has a large correction (e.g. 2008 saw a decline of only 0.7%). All this can be done by investing in a handful of ETFs. The second speculative portion is where you put your picks for high growth.  This can be the Dave Ramsey simple growth stocks+real estate formula or more individual picks based on knowledge. Currently i have a mix of growth mutual funds, cyber-security, robotics, and gaming.

All this can be wrapped in a tax advantage account (I use both traditional and roth IRAs to the limit) hosted by a low cost provider (Vanguard is awesome), and set for automatic contributions.  I like to have the contributions added to a cash settlement account and then use that money annually to rebalance the portions of the permanent portfolio.

Again, none of this is tough to understand except for the financial and legal lingo. It is purposefully obtuse IMO.

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I always forget ZTR had a name change. With my trader friends we always use the ticker symbol and it gets goofy with things like Virtus or Altrea. Anyhow ZTR is one of my favorites because it's the odd combination of high risk and high dividend. I don't know why but I just really like that.

A little envious that you knew Harry Browne. He's one of those like Art Laffer or Nassim Taleb who I'd like to get a coffee with and discuss some of their work. But it's just about the same envy I have that mom studied under Milton Friedman. I'm jealous but happy that there are such people out in the world.

surfivor:


This seems like an interesting website .. any comments or any other good similar ones ?

http://www.maxfunds.com/funds/powerfunds/holdingsdata.php?port=2&pg=ph2#portlevel


http://www.maxfunds.com/funds/fundoengine/fundoengine_fundsearch.php?category_search=Y&fundobasicinput2=Mid+Cap+Value&fundobasicinput3=Highest+MAXrating&x=6&y=10

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