Get back to me in a few years and let me know how that worked out for you. (With my luck you will make millions.)1NV3ST0R wrote: So is anyone else thinking we should all go in for 50% of our portfolios in Real Estate? It's a guaranteed win!
An Attack on the PP and Craig R
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Re: An Attack on the PP and Craig R
Trumpism is not a philosophy or a movement. It's a cult.
Re: An Attack on the PP and Craig R
No worries, I'll just get in the time machine and go back a couple generations and buy a home then. Get a fixer-upper before it was a fixer-upper and profit without having to flip it!
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Re: An Attack on the PP and Craig R
If you have access to a time machine can I borrow it? My destination would be 1920 and I'd buy RCA at about a buck a share. If I remember right it went $85 a share by late 1921 and over $500 a share (adjusting for stock splits) by the end of August 1929. Just gotta remember to sell before the big crash. By the summer of 1931 the stock had fallen back to about $3.00 a share.1NV3ST0R wrote: No worries, I'll just get in the time machine and go back a couple generations and buy a home then. Get a fixer-upper before it was a fixer-upper and profit without having to flip it!
Trumpism is not a philosophy or a movement. It's a cult.
Re: An Attack on the PP and Craig R
This pie chart pretty much convinces me this dilettante has no idea what he's talking about. Unless he has some type of annuity product {unlikely given his supposed net worth}, insurance is not an investment asset. Neither is "mutual fund" an asset class. Having almost half of your net worth in real estate doesn't strike me as very well diversified either.gizmo_rat wrote:Well he does post his own personal portfolio;moda0306 wrote: ... and I'd like to see exactly how he'd want to diversify more.
Which I could live with if I'd built it over a good few years at opportune prices, but would leave me a gibbering wreck otherwise. I was being generous when I said he could probably benefit from some research into correlation. But hey ho a man is free to follow his own convictions and be obnoxious on his own blog.
Re: An Attack on the PP and Craig R
Well with the rule of 110 to triple your money, that's still an annual growth of 10%, not too bad still. Granted selling at over $500 would be slightly better.Ad Orientem wrote: If you have access to a time machine can I borrow it? My destination would be 1920 and I'd buy RCA at about a buck a share. If I remember right it went $85 a share by late 1921 and over $500 a share (adjusting for stock splits) by the end of August 1929. Just gotta remember to sell before the big crash. By the summer of 1931 the stock had fallen back to about $3.00 a share.
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Re: An Attack on the PP and Craig R
Funny how he criticizes Craig for picking dates, then goes ahead in comments to cherry pick 1981-2005 for his comment about gold being flat for 25 years. A hypocritical post from someone that is probably insecure about their own heavily overweight RE portfolio.
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Re: An Attack on the PP and Craig R
That's what I zeroed in on as well. Of course he hates gold!brick-house wrote: Talk about a creature from Jekyyl Island...
I suppose the attack on Craig is a good reminder of what can happen when you become a famous (or soon to be) writer. I suppose he's a bit jealous that his "Make a million in real estate" book isn't selling well.
Re: An Attack on the PP and Craig R
One of the worst financial articles I've ever read. It's almost as if he's angry and misrepresenting the PP on purpose.
Maybe "Robert Platt Bell" is an alias for boglehead Taylor Livermore who killed the original PP thread? ;-)
Platt doesn't seem to know that Harry Browne is dead and the people who are running sites about it are just helping eachother with free information, not making a buck with it. Yes, there's the PRPFX fund, but that's not what those sites are about.
Speaking of free information by the people and for the people: the guys from the Early Retirement Extreme forum have created a very nice summary about the PP on their wiki, with links to the FAQs here:
http://earlyretirementextreme.com/wiki/ ... _Portfolio
Maybe "Robert Platt Bell" is an alias for boglehead Taylor Livermore who killed the original PP thread? ;-)
Platt doesn't seem to know that Harry Browne is dead and the people who are running sites about it are just helping eachother with free information, not making a buck with it. Yes, there's the PRPFX fund, but that's not what those sites are about.
Speaking of free information by the people and for the people: the guys from the Early Retirement Extreme forum have created a very nice summary about the PP on their wiki, with links to the FAQs here:
http://earlyretirementextreme.com/wiki/ ... _Portfolio
Last edited by Pres on Wed Jun 06, 2012 11:25 am, edited 1 time in total.
Re: An Attack on the PP and Craig R
If I'm not mistaken, I think that was Kevin K. from this forum. It may not have been him, but I'm pretty sure it was someone from this forum.
Re: An Attack on the PP and Craig R
So there is a traitor among us...hoost wrote: If I'm not mistaken, I think that was Kevin K. from this forum. It may not have been him, but I'm pretty sure it was someone from this forum.
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Re: An Attack on the PP and Craig R
Thanks for the link to that well organized concise summary. Fortunately for every "Robert Platt Bell" there's a great site like Jacob's that provides great info for free. Nice links to Crawling Road as well.Pres wrote: One of the worst financial articles I've ever read. It's almost as if he's angry and misrepresenting the PP on purpose.
Maybe "Robert Platt Bell" is an alias for boglehead Taylor Livermore who killed the original PP thread? ;-)
Speaking of free information by the people and for the people: the guys from the Early Retirement Extreme forum have created a very nice summary about the PP on their wiki, with links to the FAQs here:
http://earlyretirementextreme.com/wiki/ ... _Portfolio
Re: An Attack on the PP and Craig R
Yikes! No - not me! I'm a huge fan of Craig's and am fully invested in the PP.hoost wrote: If I'm not mistaken, I think that was Kevin K. from this forum. It may not have been him, but I'm pretty sure it was someone from this forum.
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Re: An Attack on the PP and Craig R
alvinroast wrote:Thanks for the link. That is one of the better one page summaries I have run across. I am bookmarking it for quick reference when I am trying to explain what the PP is all about to the non initiated.Pres wrote: One of the worst financial articles I've ever read. It's almost as if he's angry and misrepresenting the PP on purpose.
Maybe "Robert Platt Bell" is an alias for boglehead Taylor Livermore who killed the original PP thread? ;-)
Speaking of free information by the people and for the people: the guys from the Early Retirement Extreme forum have created a very nice summary about the PP on their wiki, with links to the FAQs here:
http://earlyretirementextreme.com/wiki/ ... _Portfolio
Thanks for the link to that well organized concise summary. Fortunately for every "Robert Platt Bell" there's a great site like Jacob's that provides great info for free. Nice links to Crawling Road as well.
Trumpism is not a philosophy or a movement. It's a cult.
Re: An Attack on the PP and Craig R
Apologies. It was KevinW...at least he was planning to do it. Haha, too many Kevin's.Kevin K. wrote:Yikes! No - not me! I'm a huge fan of Craig's and am fully invested in the PP.hoost wrote: If I'm not mistaken, I think that was Kevin K. from this forum. It may not have been him, but I'm pretty sure it was someone from this forum.
http://gyroscopicinvesting.com/forum/ht ... ic.php?t=9
And I was referring to the post at the ERE wiki, not the article from this Robert Platt Bell fellow. I just read the wiki and it looks like a good intro the to PP; nice work.