@ErnRetireNow Is index investing 0-sum in terms of position? If 1% of America (3.3M people) own half the market and S&P cap is 28t, the avg 1%'er has 4.25M invested. If everyone's investments are growing similarly, how likely is it to reach the 1% via investing salary savings?
@RootofGoodBlog The only rule in florida is "flip flops as long as no snow".
If snow, judge on duration and movement. Standing around a snowy fire for hours- ok. Quick run from car to beach for polar bear plunge- ok.
@RootofGoodBlog My favorite is when they pitch mountain or ocean views but you can already see the next row of foundations being laid in front of your prospective property...
Fidelity held a lunch info session at work today. He opened with”90% of return is based on allocation”, then spent an entire hour talking about picking equity funds for performance.
I opened his Q&A with “What about our company’s Megabackdoor roth?”
@KevinToFI Yeah- we did wills with a lawyer for cheap. But 1 lesson was all the settings for the accounts precede any probate, so just make sure you have your big accounts’ beneficiaries updated.