Search found 7704 matches

by Kevin M
Thu Jan 19, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 3588

Re: Y2k retiree how is s/he holding up after 2016

The following may interest readers of this thread. Case Study 2000-2016 very enlightening, especially in view of all the '100% equities' posts we had a few weeks ago. imho...people just don't 'get' the risk involved with making withdrawals from an equity heavy, declining, portfolio. and people can ...
by Kevin M
Thu Jan 19, 2017 9:20 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 3588

Re: Y2k retiree how is s/he holding up after 2016

The following may interest readers of this thread. Case Study 2000-2016 Just skimmed it, but it seems that is a Monte Carlo result, not a result based on real funds over that time period. Is that right? No, I do not think so. Neither do I. Maybe it looked like Monte Carlo with a quick glance becaus...
by Kevin M
Thu Jan 19, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 6609

Re: Vanguard on finding a dead person's password

^Fine, but we were not discussing taxation of an estate in the reply I responded to, but whether or not "beneficiaries" deal directly with the financial institution to receive their inherited assets. This gets back to some other comments here. Even though beneficiaries of IRAs and POD/TOD ...
by Kevin M
Thu Jan 19, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 156
Views: 18085

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

1. Financial institutions make mistakes, e.g., not crediting interest to one's account. Yes indeed. I've had the wrong rates initially, but always was able to correct it with a phone call or email. In one case like this, not only did they correct it, but they gave me an even higher rate than I expe...
by Kevin M
Thu Jan 19, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 60
Views: 5612

Re: Fed Rate [may go] to 3% - [investing consequences?]

How do you guys/gals do CDs for a IRA account? Do you just set up a second IRA account at some place like the Navy Federal Credit Union and then transfer some IRA money to that account. I generally go for the highest rate with the lowest early withdrawal penalty (EWP), whether it's at a bank or cre...
by Kevin M
Thu Jan 19, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 60
Views: 5612

Re: Fed Rate [may go] to 3% - [investing consequences?]

This particular period was and remains a curiosity in that it defied expectations at the time. Funny. This is the second time in two days that someone has messed up the quotes and attributed something to me that I did not say. Here it is with proper quoting: Previous multiple rate raises in a singl...
by Kevin M
Thu Jan 19, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1603

Re: Why does Vanguard requires medallion for MM IRA Transfer

Right. But, it's a little confusing the first time using the form. The verbiage made it seem like you may need to. My sentiments exactly the space implies the MSG is required. If you say so, but it seems pretty clear to me. My first couple of IRA transfers were to Vanguard using their form, and I j...
by Kevin M
Thu Jan 19, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 6609

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. There appears to be some confusion in the w...
by Kevin M
Wed Jan 18, 2017 9:19 pm
Forum: Investing - Theory, News & General
Topic: Should you be worried about losing money in bonds?
Replies: 14
Views: 2477

Re: Should you be worried about losing money in bonds?

Chart of historical drawdowns of U.S. bonds vs. stocks since 1926. How risky do bonds look? If you update the chart to account for inflation, they would look risky. For example, from the end of 1940 to the end of 1981, 10-year treasuries had a 55% loss after accounting for inflation (see http://pag...
by Kevin M
Wed Jan 18, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1603

Re: Why does Vanguard requires medallion for MM IRA Transfer

I've transferred assets from my wife's Simple IRA at State Farm to her Vanguard account. I see the same Medallion signature are but have never completed it. Just her signature above it and mail it in. It's been accepted every time. The money goes from a State Farm MM fund to her Vanguard money mark...
by Kevin M
Wed Jan 18, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 6609

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. There appears to be some confusion in the w...
by Kevin M
Wed Jan 18, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1603

Re: Why does Vanguard requires medallion for MM IRA Transfer

Just because the IRA transfer form has a space for a signature guarantee does not mean you need to get a signature guarantee. It is the sending custodian, not the receiving custodian who decides whether or not a signature guarantee is required. So in your case it is up to TIAA-CREF. You should ask t...
by Kevin M
Wed Jan 18, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 60
Views: 5612

Re: Fed Rate to 3%

Previous multiple rate raises in a single year have caused the economy to go down. Plus this will cause bonds to go down for sure. Really? For sure? https://fred.stlouisfed.org/graph/fredgraph.png?g=cpWJ Note that during this period of federal funds rate (FFR) increases, the 10-year yield decreased...
by Kevin M
Wed Jan 18, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 6609

Re: Vanguard on finding a dead person's password

So my question: does Vanguard have joint personal/taxable investment accounts available? Yes. If so, how does that mesh with IRA accounts at Vanguard, which are always individual, never joint? Do the two spouses have separate login credentials which allow them access only to their own IRA(s) but al...
by Kevin M
Tue Jan 17, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 1843

Re: Short Term TIPS in retirement portfolio

For an alternate take, check DFA's series, which is heavily TIPS centric (and notably uses long-term TIPS prior to retirement, taking a glide path down towards the intermediate-term TIPS fund). Yes, I believe these funds are more aligned with lifecycle finance theory, and are intended more to match...
by Kevin M
Tue Jan 17, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 1962

Re: When is a 401k not worth it?

My daughter doesn't have any funds with ERs under 1% in her 401k, and no index funds at all, yet I still advise her to contribute as much as she can to it (and she does). I would love it if she had a single, low-cost index fund, as you do in your plan. As it is, we use the American Funds EuroPacific...
by Kevin M
Tue Jan 17, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Should Bond Funds be Considered a Fixed Income Investment?
Replies: 30
Views: 1830

Re: Should Bond Funds be Considered a Fixed Income Investment?

If how you classify a bond fund relative to a couple of words is actually going to affect your investment decisions, then there is a lot of thinking that needs to be done. Can you explain why it would matter to you if the answer to your question were yes or if it were no. Yes, the whole concept of ...
by Kevin M
Tue Jan 17, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 9
Views: 2271

Re: Bill Sharpe's preferred portfolio

Thanks for the link. Sounds like Mr. Sharpe would be happy with one of Vanguard's target-date or LifeStrategy funds as the main course, with a helping of TIPS on the side. He wants VG to create a fund-of-funds using the four US/int'l total market stock/bond funds. Sharpe personally used CRSP and FT...
by Kevin M
Tue Jan 17, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 9
Views: 2271

Re: Bill Sharpe's preferred portfolio

Thanks for the link. That led me to a video of the same guy interviewing Fama: https://youtu.be/dj-RO4mh-wA.

Fama basically says most people should own the market portfolio, which is always efficient, but some may choose to tilt to small and/or value based on "taste".

Kevin
by Kevin M
Tue Jan 17, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 1843

Re: Short Term TIPS in retirement portfolio

Yes, excellent article, although it does not give specific advice about allocation between short and longer TIPS for a retirement portfolio close to withdrawal. But Vanguard seems to have made its position clear by replacing the intermediate-term TIPS fund with the short-term TIPS fund in its Targe...
by Kevin M
Tue Jan 17, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 1843

Re: Short Term TIPS in retirement portfolio

I am not exactly sure the rationale behind the recommendation that it is OK to go longer with TIPS than regular bonds. The rationale is that unexpected inflation is a greater risk for longer-term nominal bonds. Consider yields on the 20-year nominal and TIPS of 2.71% and 0.72% respectively. The bre...
by Kevin M
Mon Jan 16, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should Bond Funds be Considered a Fixed Income Investment?
Replies: 30
Views: 1830

Re: Should Bond Funds be Considered a Fixed Income Investment?

It's a good question. If you buy a bond and sell it before maturity, is the bond still fixed income? I think so. So just because things can happen such that you don't get back your full principal doesn't change the nature of the security. Each bond a fund holds will mature at some point, whether or ...
by Kevin M
Sat Jan 14, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 68
Views: 6960

Re: Ally Bank - Is this a safe/best place to stash some cash?

Thanks Kevin for all that fine info on my post. Best to you. I did not consider Early Withdrawal Penalties on a CD because breaking a CD is something that basically seems to me using a CD for a different purpose than intended, which is to park money until it matures. I would think there are other s...
by Kevin M
Sat Jan 14, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 156
Views: 18085

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

I visited AFCU earlier today to open a new CD, and among other things asked them about the absent interest on my 84-month Roth-IRA CD. They told me that the quarterly interest is based not on calendar quarters but on my account anniversary. Thus, I should see it in a few days. Well that's interesti...
by Kevin M
Thu Jan 12, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 3588

Re: Y2k retiree how is s/he holding up after 2016

Well, I could spend some time modeling it, but suspect you've already done that, and will let us know. In the meantime, I can Google it: 2000 retiree 4% rule - Google Search . First link is a Kitces article: 4% Rule Results Since The Tech Bubble & Financial Crisis? , but written in July 2015, so...
by Kevin M
Wed Jan 11, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Rate Calculation
Replies: 22
Views: 1152

Re: Interest Rate Calculation

If you want to be really precise what you will want to do is a Internal Rate of Return. You will want to model every cash flow in and out. You will need a spreadsheet to calculate this. I thought about taking an IRR approach. However, you can think of the loan plus savings account as a single entit...
by Kevin M
Wed Jan 11, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Rate Calculation
Replies: 22
Views: 1152

Re: Interest Rate Calculation

Thanks to all who responded. For my purposes the average of the two rates is close enough as it approximates all the other methods presented. Thanks again everyone. I don't think you want the average, I think you want the spread. 5.25% - 2.5% = 1.75%. i.e., This project will allow you to pick up an...
by Kevin M
Tue Jan 10, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 156
Views: 18085

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Here are some other issues I've encountered with Andrews FCU: 1. I've noticed that when my CDs mature they will be rolled into new CDs. I wanted to change this designation on line and put the money into share accounts, but Andrews's website does not provide this option. Yes, some financial institut...
by Kevin M
Tue Jan 10, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed have raised their CD rates
Replies: 6
Views: 1943

Re: PenFed have raised their CD rates

I have just read the entire Andrews FCU thread and posted several questions starting here: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=203383&p=3188243#p3188243 If you have a chance, and if you know any answers, I really appreciate your help. Victoria Just answered the first two. ...
by Kevin M
Tue Jan 10, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 156
Views: 18085

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

1. My credit unions and Vanguard seem to link only to checking accounts. How can I link an external account to the AFCU share account in order to pull out funds from maturing CDs? I have never had a problem linking either checking or savings accounts to various banks and credit unions. I have my Al...
by Kevin M
Tue Jan 10, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed have raised their CD rates
Replies: 6
Views: 1943

Re: PenFed have raised their CD rates

Yes, it's nice to see competitive rates from PenFed again, but the EWP is indeed stiff. In an IRA, I think the Andrews FCU 7-year at 3% with an EWP of six months of interest is a better deal.

Kevin
by Kevin M
Tue Jan 10, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Rate Calculation
Replies: 22
Views: 1152

Re: Interest Rate Calculation

Agreed that an average of the two rates is a decent approximation.

For 949.30 at 2.5%/12 compounded monthly for 60 months I get FV of 60,604. With a PV of 50,000, I get an annual rate of 3.92%. Pretty close to the approximation of 3.88%.

Kevin
by Kevin M
Tue Jan 10, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5932

Re: "Yield surge: Remember the real role of bonds"

As a sanity check, I looked at 3-month Treasury rates compared to CPI using FRED, and although I could see that the rates didn't seem to respond to inflation in the 1940s, they did much more so in the 1970s. <snip> No surprise that real 3-month Tbill returns appear to have sucked in the 1940s, with...
by Kevin M
Mon Jan 09, 2017 8:52 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5932

Re: "Yield surge: Remember the real role of bonds"

Kevin, Thanks. I had no idea bonds could be that bad for that long. I have always had the notion that T-bills pretty much matched inflation. Wrong again Yes, I'd normally expect T-bills to do a pretty god job of matching inflation, since short-term nominal rates typically respond quickly to inflati...
by Kevin M
Sun Jan 08, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5932

Re: "Yield surge: Remember the real role of bonds"

These gains look impressive, but isn't it necessary to deflate to reflect inflation, which is probably what would cause rates to change so dramatically? +1 Nisi, how about ploting this in real dollars? plannerman Not Nisi, and no plot, but using the data from our backtesting spreadsheet, the worst ...
by Kevin M
Sun Jan 08, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18476

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

My portfolio went down by about 60% in the 2008/9 crash. I just kept saving. Bill Bernstein discusses using 2008/2009 to evaluate your willingness to take risk, and breaks it into three or four categories. Maybe not exactly Bill's categories, but I'd say that if you kept using your savings from inc...
by Kevin M
Sun Jan 08, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 937
Views: 514324

Re: Spreadsheet for backtesting (includes TrevH's data)

I've bought many, many CDs over the last six+ years, but never a 1-year CD. Mostly 5-year, a few 6- and 7-year, and a few 2- and 3-year CDs that had rates closer to 5-year at the time. Generally a good savings account pays about as much as a 1-year CD, sometimes even a bit more. Note that FRED CD ra...
by Kevin M
Sun Jan 08, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 68
Views: 6960

Re: Ally Bank - Is this a safe/best place to stash some cash?

PenFed is another fine alternative. They have attractive rates, in some cases better than Ally. Still have some of the 5-year 3% CDs at PenFed, but their CD rates have not been competitive the last few years so haven't been buying CDs from PenFed for awhile. Just checked, and to my surprise, their ...
by Kevin M
Sat Jan 07, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 68
Views: 6960

Re: Ally Bank - Is this a safe/best place to stash some cash?

I didn't want a checking account, only savings, and since Synchrony pays out more money than Ally does on savings accounts, and since it's FDIC insured, same as Ally, I went with Synchrony. All things being equal, I want the maximum money. Sure, why not. There are even higher rates out there: Savin...
by Kevin M
Fri Jan 06, 2017 10:56 pm
Forum: Investing - Theory, News & General
Topic: When % Stocks = % Taxable: Any Bonds In Taxable?
Replies: 9
Views: 1314

Re: When % Stocks = % Taxable: Any Bonds In Taxable?

Kevin, do you mean you would not worry much about making your asset allocation tax-adjusted to begin with? or that you would make a tax-adjusted asset allocation but would not calculate it to the second decimal number? I mean I would not worry much about whether all stocks are in taxable and all fi...
by Kevin M
Fri Jan 06, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 68
Views: 6960

Re: Ally Bank - Is this a safe/best place to stash some cash?

I would use Synchrony Bank instead of Ally Bank, and I do. It's just as safe and pays higher interest . The only disadvantage I can think of is the three day delay for an ACH transfer to go through. But as some have pointed out, this could be an advantage, in dissuading oneself from impulse buys. I...
by Kevin M
Fri Jan 06, 2017 2:48 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18476

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

What if I can cover basics+ with just dividends, interest and small pension? And neither my wife nor I have started social security. I also keep about 3 years of basic expenses in cash, savings bonds and ibonds in addition to a year's worth of expenses in a stable value fund. In this low rate envir...
by Kevin M
Fri Jan 06, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 768

Re: Problem: Electronic transfer limits. Also: portfolio advice.

Please explain "pull it via ACH" ?? Google is your friend: ACH - Google Search . Basically you can think of ACH as electronic funds transfer, and "pull" means to initiate the transaction at the receiving financial institution, in this case Vanguard. Low transfer limits for outgo...
by Kevin M
Fri Jan 06, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: When % Stocks = % Taxable: Any Bonds In Taxable?
Replies: 9
Views: 1314

Re: When % Stocks = % Taxable: Any Bonds In Taxable?

Another thing I'd add is that I wouldn't worry much about this. The market could easily throw your allocations off target such that you might have to sell bonds to buy stocks in tax-advantaged (stocks tank) or sell stocks to buy bonds in taxable (stocks soar). Also, tax adjustment is kind of fuzzy, ...
by Kevin M
Thu Jan 05, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 68
Views: 6960

Re: Ally Bank - Is this a safe/best place to stash some cash?

Have used Ally Bank as my "hub" bank for some years now. Great for that purpose. Easy transfers, easy to set up accounts, no minimums, high transfer limits, etc. Just used them to wire funds to close on a house purchase, and very smooth. All Vanguard dividends and sales proceeds generally ...
by Kevin M
Thu Jan 05, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: My conversation with Burton Malkiel
Replies: 10
Views: 1509

Re: My conversation with Burton Malkiel

someone like Mike Piper or Rick Ferri may be the portfolio to model after. I thought Mike just used a LifeStrategy mutual fund, set it and forget it. So calling it a model is a bit of a stretch right? Don't get me wrong, I'm not knocking that though, as Lifestrategy funds are great, IMO. You may no...
by Kevin M
Thu Jan 05, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between HCOL and LCOL [High and Low Cost of Living]
Replies: 35
Views: 2968

Re: Difference between HCOL and LCOL

I think CA property taxes are capped for the current owner but not for a new owner initially. Correct me if I'm wrong. The state property tax rate is capped at 1% for all. What is different is that the property value assessment increase is capped, so long-time owners have much lower assessed values...
by Kevin M
Thu Jan 05, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: When % Stocks = % Taxable: Any Bonds In Taxable?
Replies: 9
Views: 1314

Re: When % Stocks = % Taxable: Any Bonds In Taxable?

I would also read this: Tax-adjusted asset allocation - Bogleheads . Based on the reasoning explained in this Wiki article, there is little to no reason to prefer holding stocks in tax-free over tax-deferred if you properly adjust your asset allocation for the different risk in each. Also, you may f...
by Kevin M
Thu Jan 05, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18476

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

I wish I could elaborate on what I said though, but I can't think of a way to do it that wouldn't cause me to break the forum rules pretty quickly. Don't worry. You likely have many silent supporters who can speculate on your position and quietly nod in agreement. I had never read the criticisms of...
by Kevin M
Thu Jan 05, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18476

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Speaking of 40 years, why wouldn't I invest like a I have a 40 year time horizon (eg. more stock than bond heavy)? If you believe that stocks are less risky than bonds over a 40-year time period, as many on this forum seem to believe, then that could make sense. On the other hand, if you believe th...

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