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Build wealth, ignore Wall Street and get on with my life... and enjoy my cup of Teh Tarik!
If you think you can manage your portfolio actively and beat the market consistently, try this for 62 years. I don't have the stamina for this game, do you? Instead, I like what this couple has done by following the three simple investment principles of Coffeehouse Investor. Besides financial freedom, community involvement throughout retirement is also important for this couple. Now, this is the kind of retirement I'd like to have.
Two new books I ordered on Amazon.com have arrived.
There was a Portfolio Ponderings at Coffeehouse Investor on 4 June 2006 but has been replaced by a new article. It is a summary of John Bogle's speech at The Money Show in May 2006. The old one did not get archived in www.kingcountyjournal.com as the other Portfolio Ponderings did usually. But I found it in Google cached page and posted it HERE.
Bogle, in a pointed presentation, offered up a compelling argument that future stock market returns are likely to be significantly less than long term averages
What happens if Bogle is correct in his analysis of future market returns? Investors are faced with two choices to address this challenge. You can seek out actively managed portfolios and bet the thin odds that your investments will outperform the market. Bogle puts your odds of winning this game at 9 percent or less. Alternatively, you can assure yourself that you will capture the entire return of this asset class through a low cost index fund, minus the minimal fees associated with these funds.
What’s Ahead for Stocks and Bonds - And How to Earn Your Fair Share
The Money Show
May 15, 2006
A gentle reminder to follow the plan, diversify and stay on the course. Click on the title for the article by Coffehouse Investor. Click HERE for the post I made in sgfunds.com.