my post, that pointed out that The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts., was deleted.
that was going to be in my profile (but it was too long )
Partly this was connected to the market still being overvalued after the large drops and investors not understanding intrinsic value. If they had understood it, they would have known that the market went from (for example) a 150% overvalued level to a 75% overvalued level and so it wasn't a recession from a market value perspective.
Why should anyone accept you as the arbiter of anything? es, please take action on this derogatory statement.
all of this is just my opinion of course
About this issue of safe withdrawal rates depending on the size of the portfolio It seems to me that a 100 million portfolio with a 4 million withdrawal/ year has the same chance of success as a 1 million dollar portfolio with a $40,000 withdrawal assuming similar investment allocations. I would appreciate help with the math if this is not the case. I have never seen a proposed method for determining swr that includes an adjustment for portfolio size.
Sorry, Ken. Your remark below is just plain wrong. .......... Hindsight is 20/20.
nobody truly believed in the bubble so only lost money that shouldn't have been gained anyway.
I'm more and more coming to the opinion that one of the most important aspects in successful investment is knowing your own investment temperament and the sort of psychological tricks you might have to play on yourself to keep to your chosen strategy
ElSupremo wrote: Greetings Ken :)I'm more and more coming to the opinion that one of the most important aspects in successful investment is knowing your own investment temperament and the sort of psychological tricks you might have to play on yourself to keep to your chosen strategy
You can say that again! IMO when the investor realizes this then things really start to progress. As opposed to standing still or going backwards. I came to this realization about 15 years ago and what a difference it has made!
no matter how good an investment plan might look on paper it is worthless if it won't be followed.