Here are my posts for the past two weeks:
Do You Pay Investing Fees?
Is Your Allocation to Stocks Too High?
Here are some short takes and some weekend reading:
The Reformed Broker tears a strip off market pundits who make extreme predictions.
The Irrelevant Investor explains that the S&P 500 has gone up at 18.08% per year for the last 7.5 years, but investors in SPY (an S&P 500 index fund) earned only 11.82% because of poor market timing. Over the entire period, this is a difference of about a factor of 1.5 in invested assets, although the author is being somewhat misleading saying the difference is 115%. The article is very interesting despite this blemish.
My Own Advisor has decided on a goal of being financially independent by age 50. I’d say his plans look more reasonable than many early retirement enthusiasts. I’ve seen people hoping to retire in their 30s assuming their current spending level will not change in the future. Some margin for potentially higher future spending is needed. How can a 30-year old know how he’ll want to live at age 60?
Robb Engen has decided to push back his planned date of financial independence to age 45. I never had a target date for becoming financially independent; I just worked at it steadily. Each of us finds motivation in different ways.
Million Dollar Journey explains how he saves money on family vacations.