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  1. #73981
    Little Dragonfly fly boy's Avatar
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    74,001 posts in this thread. Wow.

  2. #73982
    Little Dragonfly fly boy's Avatar
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    Quote Originally Posted by brutal View Post
    Irving should get a -1 for expecting to get financial advice from guys who spend more money on guns than their kid's college fund.

    I do that! But then again, I can transfer a g.i bill to them, or make them join the military for free college....... If budget isn't cut again.

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    QUITTER Irving's Avatar
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    Like a true financial advisor, HoneyBadger did not answer my question, and at the same time over complicated his answer in a way that suggested I chose a product that has high fees.

    We'll get it right. Lol
    "There are no finger prints under water."

  4. #73984
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by Irving View Post
    Like a true financial advisor, HoneyBadger did not answer my question, and at the same time over complicated his answer in a way that suggested I chose a product that has high fees.

    We'll get it right. Lol
    Hey now, I answered 80% of your question! And all mutual funds have fees: either they are loaded, or "no-load" but you want ones with proven track records of out-performing the market and a low expense ratio.
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    "When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat

    "I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
    ― Russell Kirk, Author of The Conservative Mind

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    I'm pretty much settled on Vanguard's VTSAX. Thanks for getting back to me.
    "There are no finger prints under water."

  6. #73986
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by brutal View Post
    Irving should get a -1 for expecting to get financial advice from guys who spend more money on guns than their kid's college fund.
    True, but by May of this year, I will have crossed the inversion line on this one. I.e.: 529 will have more money in it than the current value of my "arsenal"
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    ― Russell Kirk, Author of The Conservative Mind

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    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by Irving View Post
    I'm pretty much settled on Vanguard's VTSAX. Thanks for getting back to me.
    Why? That one will never do any better than the market. Isn't the goal outperforming the market?
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    "I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
    ― Russell Kirk, Author of The Conservative Mind

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    QUITTER Irving's Avatar
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    Quote Originally Posted by HoneyBadger View Post
    Why? That one will never do any better than the market. Isn't the goal outperforming the market?
    No, trying to outperform the market is almost guaranteed to fail.
    "There are no finger prints under water."

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    This documentary is next on my list of research. I think it's something you'd be interested in. I'm going to try and watch it tonight and I'll let you know. See if you can watch it as well. It's called The Retirement Gamble and is about the money we lose to fees.

    http://www.pbs.org/wgbh/frontline/fi...rement-gamble/
    "There are no finger prints under water."

  10. #73990
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by Irving View Post
    No, trying to outperform the market is almost guaranteed to fail.
    Why would you think that? Millions of people do it every day. I've done it. You can do it to. It isn't some sort of magic.
    Last edited by HoneyBadger; 02-17-2016 at 22:29.
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    "I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
    ― Russell Kirk, Author of The Conservative Mind