Differences
This shows you the differences between two versions of the page.
| Both sides previous revision
Previous revision
|
Next revision
Both sides next revision
|
home [2021/11/05 10:49]
tom |
home [2021/11/05 11:33]
tom |
| * Sept 2020 - Does the ETF the predator is trying to sell you provide an increasing income? Ask. Insist on seeing the last ten years of distributions for the ETF. Why this question? It's the increasing income that drives things*. Growing income is what you want during retirement. The more your income grows, the less of your savings you'll have to withdraw. Ten years ago our largest portfolio provided $26,367 a year in dividends: now it's over $40,000. * price in particular. | * Sept 2020 - Does the ETF the predator is trying to sell you provide an increasing income? Ask. Insist on seeing the last ten years of distributions for the ETF. Why this question? It's the increasing income that drives things*. Growing income is what you want during retirement. The more your income grows, the less of your savings you'll have to withdraw. Ten years ago our largest portfolio provided $26,367 a year in dividends: now it's over $40,000. * price in particular. |
| |
| - ETFs - Nov 2012 - Remember/realize that ETFs were invented so that some ‘middle-person’ could get between you and direct investing in a company and siphon off a fee. | - ETFs - Nov 2021 - Remember/realize that ETFs were invented so that some ‘middle-person’, ill-educated advisor could get between you and direct investing in a fine company and siphon off a fee. |
| |
| * **Risk Profile Questionnaire** (new Aug 2020) - When you open an account, 'they' want you to fill in their risk profile questionnaire. DECLINE IT! Say no! Tell them you are aware of the risk and that you have a clearly thought out asset allocation. If you wish, tell them you mitigate risk with quality companies and that you believe "as an investor's time horizon lengthens...equities become less riskier than bonds" (Warren Buffet's Feb 20 Letter, page 6). ♣ If you want to get out of their office with out getting hooked by them, here are two questions they can't answer. **#1** Going back ten years, tell him/her to write out the annual distributions from the specified ETF. You are interested, tell them, in a growing cash flow in retirement. **#2** Ask them to hand-write out the promise that they will put your interests before theirs (FIDUCIARY DUTY). | * **Risk Profile Questionnaire** (new Aug 2020) - When you open an account, 'they' want you to fill in their risk profile questionnaire. DECLINE IT! Say no! Tell them you are aware of the risk and that you have a clearly thought out asset allocation. If you wish, tell them you mitigate risk with quality companies and that you believe "as an investor's time horizon lengthens...equities become less riskier than bonds" (Warren Buffet's Feb 20 Letter, page 6). ♣ If you want to get out of their office with out getting hooked by them, here are two questions they can't answer. **#1** Going back ten years, tell him/her to write out the annual distributions from the specified ETF. You are interested, tell them, in a growing cash flow in retirement. **#2** Ask them to hand-write out the promise that they will put your interests before theirs (FIDUCIARY DUTY). |
