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  • Portfolio Business Plan: You Really Need This - Part 2 - Further Revisions [View article]
    Bob, I want to thank you for the valuable series of articles. I have taken your message and tools to heart and have prepared our Investment and Retirement Harvesting Plan borrowing liberally from your personal plans. We retired in 2007 just before the financial crisis and handed our pension money to a wealth management firm who invested the lot in mutual funds with high fees at the height of the market. We lost 30% in the crisis and then another 12% in 2011. I discovered we were paying $78,000 in annual fees. I took over the pension money in June of 2012 and have taught myself to manage it since that time, using invaluable articles such as yours to learn what I needed to know. We now have a family Business Plan, thanks to you, and a roadmap to get us to where we need to be for a steady retirement income. We are not there yet, and are consulting to buy us the time to finetune the portfolio, but we are now in charge of our own affairs. I cannot tell you how much I appreciate your help,
    Nov 2, 2013. 04:24 PM | 3 Likes Like |Link to Comment
  • DIY Dividend Investors Club: Building A Sustainable Long-Term Dividend Portfolio (Part 1) [View article]
    I would choose Wallmart, whose P/E ratio is below 15 and is slightly below fair value as measured on the FAST graphs. It has historically been priced at a premium to fair value and is currently at a discount.The other choices although good, should perhaps be bought after a pullback. My second choice would be for McDonalds.
    Sep 15, 2013. 11:12 AM | 1 Like Like |Link to Comment
  • The Start Of The 2012 End Game Is Upon Us [View article]
    James it was a pleasure to see an article from you again. I enjoyed, and benefited from your earlier articles and analysis in the fall of 2011 and into 2012. Your clear analysis helped me to recalibrate my mental picture of the global economy and have the courage to insist on changes to my portfolio, with advisors, to prepare for the coming crises. I put the portfolio into a defensive position, knowing that I might miss a temporary market gain, but sure enough of the macro economic picture to know that timing was not the critical factor. My objective became wealth preservation, not market timing. Your attempt to help readers by calling the timing of the impending changes was helpful, but obviously has caused negative reader comment, when the Fed manipulations changed the timing of otherwise normal market responses. The criticism was unwarranted in my opinion, almost personal, and I am glad to see you resume your analytic reports.
    This article has a somewhat defensive, may I say, almost belligerent, tone at the beginning, which given the quality of your analysis, in my humble opinion, is not necessary. Many authors hedge their article's position so that they will not later be seen to have made an erroneous call, but it is at the cost of the clarity and value of their position. I appreciated your attempt to do the impossible, which was make a call on the future, and I took advantage of your analysis. In this very difficult and deteriorating economic climate, preserving capital becomes the foremost objective, and the exact timing of events becomes a secondary issue. I have now taken over the responsibility for managing our retirement portfolio without advisors. I will look forward to having the benefit of your continuing articles and perception, and thank you for your help,
    Regards Linda
    Jun 25, 2012. 07:17 PM | 3 Likes Like |Link to Comment
  • Why Cash Should Be A Significant Portion Of Your Portfolio [View article]
    I appreciate your timely reinforcement of sticking to your general strategy and not being seduced to invest when your gut is telling you otherwise. I have been trying to decide what force will dominate, inflationary or deflationary, and because I do not know, I have put our portfolio on the fence: 27% cash, 14% bonds, 12% bullion and 22% precious metal stocks, and 25% equities mostly energy and telecoms. I have been expecting a major correction in the deleveraging process triggered by a Euro crisis or an energy crisis, but this current rally is perplexing. There is little growth behind it, just money printing stimulation. Do you trust it and invest or wait patiently for the correction you know is coming? This matters because it is our pension portfolio and our future depends on my getting this right. I have been wavering but you have reminded me to stick to my carefully thought out strategy, which allows some participation in the market but also leaves cash available when it is needed, and the correction finally occurs. Thank you for restoring my perspective LW
    Feb 29, 2012. 08:56 AM | Likes Like |Link to Comment