Basically took me one year to find something that works (keep in mind took me 5 years to find you guys) and then another year to learned via self-studying some of these principles, like anything w/o a map its really hard to get theer, once you have it (the map) everything start moving more efectively.

Since now you wanted to turn the discussion about my stragedies, and not about CBS’s documentary and the people on it (either side);
I havent reached that goal of paying bills, yet, I treat this like a insurance’s business you have to start with small capital and Im trying to generate a monthly income with good risk manemenent. prove yourself first and then if you can be suscesfully during at least 6 months increase your investment capital. In here you need; knowledge, tools and some money to start. And Im not talking about day-trading or anything can cause you not to sleep well, this is not directional trading going up or going down type of deal.

I would love to share some of this ideas with you, I will call tomorrow Thursday.

And now since I found you guys, my learning process start :-)

Marin.

However, you have spent a lot of time on that strategy. A lot of intelligence. What if you had spend that same time and intelligence on a vehicle with higher potential?

Have you been doing for a really long period of time? 5 years or more? If so you should have enough income from your investments that it meets and exceeds your bills. If not, your system is ineffective.

I will discuss this on my show today at 2 on 700 KSEV, Houston. You can stream it or podcast it or visit this website later in the day.

I would love for you to call in and share your ideas with the listeners if possible. 1.281.558.5738

Thanks,
Steve

1.- If you hold common shares as part of your retirement, you can protect them using stock options (collar, protective put, covered call).

2.- If you hold mutual funds you can beta weight them and apply stragedies like mentioned before.

3.- Ultimately you can stay cash in the mayority of your portfolio.

Here is an extract of the Fidelity’s website:

“For a retirement goal, if you are already eight years or more
into retirement, Portfolio Review will default to the Conservative”

I think is a matter of personal responsability here, keep in mind those hidden fees are about 1-2% (those wont drop your portfolio 30-40% down).

Im wondering why presenter didnt ask them how conservative or aggressive was their portfolio before the big debacle? If they allocate some of their money in other stuff like bonds, annuities, etc. And if they had a stragedy for managing their 401k, if they actively monitored it, not just opening the envelop every quarter. If did they have am exit stragedy when the things start to point south.

Marin

My point is you have to protect yourself (via more education, reading, etc, knowing what you are getting into, know what type of investments your are doing).

If you are commiting a lot of money for 401k investments be prepare for that, the same for real estate, or any business you want to pursue. You have to control at certain degree what you are getting into, if not dont even try it, because you probably will claim later you were a victim of thefts, system, bad luck, etc. Ignorance is not a bliss.

Close to retirement you have to be more conservative with your future income, regarless of the current market conditions (good or bad), and this is not a new concept.

Thanks,
John

Be careful. Those are not capitalists, they are thieves.

The idea for capitalism is you only make money by helping and serving others. These guys stepped outside that model.

As far as control, you have as much control as you want as long as you don’t hurt other people.

However, if you follow blindly what our educational system is teaching from grade school on, you will have no control as you describe.

John, don’t get discouraged. Read the books on the reading list (see free listener kit upper left) including “The Richest Man in Babylon.” You will see how to take control back by changing the way you think and act.

Its sad, but people close to their retirement should be more prudent and wiser with their investments (specially if they relay on them for their retirement).

John.

Hopefully the stock market crash will be a blessing in disguise for some people and they’ll decide that they need to change what their doing because obviously it’s not working.