22:27 - I’ll be receiving a pension and I factor that into my investment risk and I’ve been grateful I have! Compared to my peers who will be receiving the same amount of pension I will, I have nearly double in my retirement account despite saving the same amount. That’s all to say, you’re going to be receiving a guaranteed check every month, so why not have more in your retirement account vs less? The pension blunts the large drawdowns.
There are no such things as "guaranteed pensions". I don't care where it's coming from..NO, not even if it's from "the government". Federal, State, Municipal, or WHATEVER. The ONLY "guarantee" that you can count on..is your ability (and desire) to live BELOW your means, and save and invest the remainder prudently and diligently, and avoid worshipping at the alter of the material-god, and "keeping-up with the Joneses", and you'll always be JUST FINE, assuming that you are earning an average American household income, from your work.
I have a fiduciary and he knows I have a annuity that was left by my grandmother who passed. He said never get an annuity. He said they don't pay enough. As for long term stocks that's all I have the fiduciary picks them and buys and sells when he wants which is rare. We were going good until the market tanked been since December since we lost our all time high. We are still holding waiting for the recession to pass. As for leaving behind wealth for your child priceless! 💯
I don't know why people have make this so complicated. There has never been more than a 25yr period, (1929-1953) where the overall stock market had a nominal-loss. If you add-in dividends and capital-gains, you would have been "made whole" (or, broken even); in approximately 11 yrs, following the Oct. 1929 crash. SIMPLE AS THAT. While no one can predict the future..I'd say that it fairly "safe" to assume that using that as a guidepost..one shouldn't put any money into the stock market..if one knows that it is money that will ABSOLUTELY be needed within the next eleven years.
No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety - I buy. Past 4-5 months have been huge shopping spree for me. I've got literally nothing left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?
Admit I'm commenting after being just 15 minutes in ... but isn't the past year of both stocks and bonds down a once in 20 year event? So generally possible to get $ for your budget by selling some stocks when theyre up, or bonds when they're up and rebalance? And do your best to not take soc security too early to lock in more of that COLA adjusted $!
Always make me laugh when looking at market performance over the years as gospel from financial services and then hear the caveat “past performance cannot dadidadida “ 😂😂😂
hedgefundies (60% UPRO and 40% TMF) has been a mess this year! I just sold my UPRO and TMF having lost several thousand dollars. I did a test, and the only way I truly learn from a test is to feel the pain of a loss. And I did. Maybe it works in a bull market, but for me the pain is too great to stick with it. I have no problem with SCHD. Also JEPI has not bothered me this year. But my favorite is still individual dividend growth companies. 🤑
Always make me laugh when looking at market performance over the years as gospel from financial services and then hear the caveat “past performance cannot dadidadida “ 😂😂😂
Rob - Blueprint Income shows options for "inflation protected" annuities... You definitely pay for it in premium, but they seem to exist. I also feel like you are thinking about the "what amount to pick?" question regarding SPIAs a bit too much. Yes, they won't go up with inflation, but in retirement our spend tends go lower over time. So the idea is not to get too technical and pick a reasonable number that would cover you for your first 10 -15 years of retirement's basic needs. Those are the years where Sequence of Returns Risk is most dangerous.
I have chosen to use laddered, individual bonds (t-notes, and TIPS; specifically) for that first 20 yr sequence-of-return danger-zone. THANK GOD..I transitioned this "bucket" of money, out of BOND-FUNDS..prior to 2021!
@@jamesmorris913 You were lucky, although to be honest, it's possible Bond funds road back once interests start to fall - we just don't know when that will actually happen. In any event, that's in my opinion a sensible approach and I may do the same at that point or even sell some to get a SPIA.
I don't think JEPI has much income from option premiums. Most of their income is from ELNs and the second highest is regular dividends from shares owned.
@@rob_berger Right, but the ELN gets that income, and an ELN is not a passthru entity. JEPI gets the gain or the loss from the ELN as determined by the contract.
Some questions just irritate me. LOL I guess I'm going to have to go against my norms and try and watch this 96 minute (too long) live (groan) video to see if you address my objections. That way I don't unfairly jump to conclusions. We'll see! 🤞
22:27 - I’ll be receiving a pension and I factor that into my investment risk and I’ve been grateful I have! Compared to my peers who will be receiving the same amount of pension I will, I have nearly double in my retirement account despite saving the same amount. That’s all to say, you’re going to be receiving a guaranteed check every month, so why not have more in your retirement account vs less? The pension blunts the large drawdowns.
There are no such things as "guaranteed pensions". I don't care where it's coming from..NO, not even if it's from "the government". Federal, State, Municipal, or WHATEVER. The ONLY "guarantee" that you can count on..is your ability (and desire) to live BELOW your means, and save and invest the remainder prudently and diligently, and avoid worshipping at the alter of the material-god, and "keeping-up with the Joneses", and you'll always be JUST FINE, assuming that you are earning an average American household income, from your work.
I have a fiduciary and he knows I have a annuity that was left by my grandmother who passed. He said never get an annuity. He said they don't pay enough. As for long term stocks that's all I have the fiduciary picks them and buys and sells when he wants which is rare. We were going good until the market tanked been since December since we lost our all time high. We are still holding waiting for the recession to pass. As for leaving behind wealth for your child priceless! 💯
Your segment in the first 5 minutes was probably the best part of this video. You should clip this out and have it as a “mindset” video.
who would take advice from someone who doesn't have a pension !!
I don't know why people have make this so complicated. There has never been more than a 25yr period, (1929-1953) where the overall stock market had a nominal-loss. If you add-in dividends and capital-gains, you would have been "made whole" (or, broken even); in approximately 11 yrs, following the Oct. 1929 crash. SIMPLE AS THAT. While no one can predict the future..I'd say that it fairly "safe" to assume that using that as a guidepost..one shouldn't put any money into the stock market..if one knows that it is money that will ABSOLUTELY be needed within the next eleven years.
No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety - I buy. Past 4-5 months have been huge shopping spree for me. I've got literally nothing left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?
Only one stock worth buying and holding. That is EXOM. EVs were a threat but now that is passing.
Admit I'm commenting after being just 15 minutes in ... but isn't the past year of both stocks and bonds down a once in 20 year event? So generally possible to get $ for your budget by selling some stocks when theyre up, or bonds when they're up and rebalance? And do your best to not take soc security too early to lock in more of that COLA adjusted $!
Always make me laugh when looking at market performance over the years as gospel from financial services and then hear the caveat “past performance cannot dadidadida “ 😂😂😂
hedgefundies (60% UPRO and 40% TMF) has been a mess this year! I just sold my UPRO and TMF having lost several thousand dollars. I did a test, and the only way I truly learn from a test is to feel the pain of a loss. And I did. Maybe it works in a bull market, but for me the pain is too great to stick with it.
I have no problem with SCHD. Also JEPI has not bothered me this year. But my favorite is still individual dividend growth companies. 🤑
Rob is getting very philosophical this week
Always make me laugh when looking at market performance over the years as gospel from financial services and then hear the caveat “past performance cannot dadidadida “ 😂😂😂
Any thoughts on AVGE as a one and done ETF?
As an Avantis fan, I like it. Not as tilted as I’d love, but if I could only have 1 ETF that’s currently the 1 fund I’d buy.
Rob - Blueprint Income shows options for "inflation protected" annuities... You definitely pay for it in premium, but they seem to exist.
I also feel like you are thinking about the "what amount to pick?" question regarding SPIAs a bit too much. Yes, they won't go up with inflation, but in retirement our spend tends go lower over time. So the idea is not to get too technical and pick a reasonable number that would cover you for your first 10 -15 years of retirement's basic needs. Those are the years where Sequence of Returns Risk is most dangerous.
I have chosen to use laddered, individual bonds (t-notes, and TIPS; specifically) for that first 20 yr sequence-of-return danger-zone. THANK GOD..I transitioned this "bucket" of money, out of BOND-FUNDS..prior to 2021!
@@jamesmorris913 You were lucky, although to be honest, it's possible Bond funds road back once interests start to fall - we just don't know when that will actually happen. In any event, that's in my opinion a sensible approach and I may do the same at that point or even sell some to get a SPIA.
I don't think JEPI has much income from option premiums. Most of their income is from ELNs and the second highest is regular dividends from shares owned.
The ELNs include covered call exposure.
@@rob_berger Right, but the ELN gets that income, and an ELN is not a passthru entity. JEPI gets the gain or the loss from the ELN as determined by the contract.
BRICS 🤫
ty
👍
Some questions just irritate me. LOL I guess I'm going to have to go against my norms and try and watch this 96 minute (too long) live (groan) video to see if you address my objections. That way I don't unfairly jump to conclusions. We'll see! 🤞