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Dale Roberts  

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  • How Long Can You Afford To Be Under Water? [View article]
    I believe an article was posted on this today on SA.
    May 12, 2014. 07:09 PM | 1 Like Like |Link to Comment
  • How Long Can You Afford To Be Under Water? [View article]
    They've been coming back but we're not at previous toppy levels from what I've read. The retail investor is much more cautious these days after getting burned a few times.
    May 12, 2014. 07:08 PM | 1 Like Like |Link to Comment
  • How Long Can You Afford To Be Under Water? [View article]
    Hey Craig, absolutely it can be 'dangerous' it all comes down to drawdown rates required. It's certainly a case by case basis. Some can benefit from more stocks in retirement, some would require a very small amount.
    May 12, 2014. 12:50 PM | 2 Likes Like |Link to Comment
  • How Long Can You Afford To Be Under Water? [View article]
    Thanks Bob. Paul's article is intersting as well, as a balance to the argument. But certainly cash can help the cause, along with bonds. Perhaps an allocation to 1 to 2 years of spending in cash is always appropriate in the drawdown phase - when one is also selling assets to fund retirement.

    Again having some wonderful total return can help in that regard.

    I will write on this 'shortly'. Drawdown scenarios are very interesting with many moving parts and possibilities. Monte Carlo programs can come in handy in this case.
    May 12, 2014. 09:35 AM | 1 Like Like |Link to Comment
  • How Long Can You Afford To Be Under Water? [View article]
    Thanks Paul, thanks for that link, I write often that in the accumulation phase, it's all about the total return.

    In the spending phase the amount of portfolio income, and percentage that meets spending requirements, balanced against portfolio price volatility then becomes very important. We want to minimize selling assets to spend, of course.

    And your article makes a great point, a large percentage of one's funds in retirement stay invested for a very long time, even from retirement start.

    Dale
    May 12, 2014. 09:20 AM | 1 Like Like |Link to Comment
  • Why This Market Is Not Going Down Any More [View article]
    On the Shiller PE index we've only been this high on two other occasions? The odds of real returns from here over the next few years are likely very low.

    Here's my article, There's no money to be made from here, maybe.

    http://seekingalpha.co...
    May 9, 2014. 07:35 AM | 1 Like Like |Link to Comment
  • Are Dividend ETFs Appropriate For Dividend Investors? [View article]
    And in the spending phase a high yield ETF such as VYM would do the trick for the dividend growth component mixed in with other higher yield asset classes - traditional income producers, such as the assets of CVY and high yield bonds.

    Dale
    May 9, 2014. 07:01 AM | 3 Likes Like |Link to Comment
  • Are Dividend ETFs Appropriate For Dividend Investors? [View article]
    In the accumulation phase we should always remember that the dividend growth ETFs are amazing. The VIGs and SDY's and Dividend Aristocrats (now available in ETF form as NOBL) of the world beat the market - as it the gift of dividend growth.

    Not hard to argue that they are superior to stock picking as is demonstrated by Seeking Alpha. It's perhaps no different from the general market, most investors won't gain the simple market returns available. The same appears to be true for dividend growth investors.

    The majority of investors would be better off simply buying the dividend growth indices.

    So are they appropriate? No, they are superior in most cases. lol

    Dale
    May 9, 2014. 06:58 AM | 5 Likes Like |Link to Comment
  • McDonald's Or Coca-Cola: Which Is The Tastier Investment? [View article]
    Gotta have that coke to wash down that McDonald's. Two brand staples.
    May 8, 2014. 11:27 AM | 4 Likes Like |Link to Comment
  • If I Was A Stock Picker, Here's What I'd Do [View article]
    Yes, we'd have to match his moves, but he's a very patient investor just the same.

    Same for index skimming or replicating.

    Dale
    May 7, 2014. 04:31 PM | Likes Like |Link to Comment
  • If I Was A Stock Picker, Here's What I'd Do [View article]
    Mr. B. has stated the public portfolio has outperformed his 'privately' held assets within the fund. And we can hold 76% of that portfolio with 8 companies, according to the article mentioned and linked to.
    May 7, 2014. 05:57 AM | Likes Like |Link to Comment
  • There's No Money To Be Made From Here, Maybe [View article]
    Hey 8566031, you nailed it, we can only go on probabilities of market history repeating. As long as you are able to take advantage of the market with dry powder, or you are investing on a regular schedule, all is good. And you are managing your risk level, which is paramount.

    We'll know when the markets are going to be cheap when THEY ARE cheap.

    Dale
    May 7, 2014. 05:55 AM | Likes Like |Link to Comment
  • Retirement Strategy: ETF Portfolio Versus The Stock Only Portfolio, A Glaring Update [View article]
    Market history says no, just to be clear. lol
    May 6, 2014. 07:35 AM | Likes Like |Link to Comment
  • Dividend Growth Investing And The Benefits Of Being Patient [View article]
    Thanks Part Time, Yes, patience is perhaps the most important quality for an investor. It's not hard to argue that patience and consistency is more important than the investments or style that one selects.

    Risk management is very important as you write. The markets deliver returns, that's not the hard part. Keeping and protecting the returns, that is the greatest challenge that investors face.

    And this is gut check time. As I wrote yesterday There's No Money to be Made From Here, Maybe.

    http://seekingalpha.co...

    Having some dry powder would be prudent for most. It's gut check time, and wallet check time. ha

    Always happy to read articles on risk and patience on Seeking Alpha.

    Have a great day.

    Dale
    May 6, 2014. 06:49 AM | Likes Like |Link to Comment
  • There's No Money To Be Made From Here, Maybe [View article]
    Thanks Quantum, no one knows, but on the probability scale, there are likely retirement-inducing buying opportunities within a year or two.

    Dale
    May 6, 2014. 06:37 AM | Likes Like |Link to Comment
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