Simple Path to Wealth - JL Collins (millionaires, financial, cost)

[oneasterisk]

Originally Posted by mathjak107

the best results are usually lump summing in not buying over time .

if buying over time actually was better we would all reach our desired allocation, sell it all and start over .

that is because markets are up 2/3s of the time and down only 1/3

so dollar cost averaging requires the exception to do better

Yes but many don't have lump sum to invest and instead do investing through payroll. That's the reality.

[mathjak107]

if one has no choice they have no choice …

but many of us do find ourselves with choices as we roll our 401ks over or sell assets , get inheritances .

the point is , where choices are involved lump sum vs dollar cost averaging in has won over and over as far as results.

you would have to be a good market timer to buck that .

which is why we don’t sell everything when we reach our desired allocations and start over

[City Guy997S]

Originally Posted by mathjak107

i always loved cars and since 1974 i have always bought a new one every 4 to 5 years ..

it’s just been my thing and it continues to be my thing .

no regrets for it either ..it has been my reward for meeting my goals.

could we have had more not doing it ? probley , but i don’t care to do it any other way .

we are going to get a porsche macan T likely this year as a 70 birthday reward

i always enjoyed my jobs so i had no real desire for FIRE .

i cut to 4 days at 61 and retired at 62

I'd say I'm a car guy, I'm on my 3rd 911 (2nd new one in less than a year, resale values recently have been insane). Macan T is a great choice, enjoy it in good health!

[mathjak107]

Originally Posted by City Guy997S

I'd say I'm a car guy, I'm on my 3rd 911 (2nd new one in less than a year, resale values recently have been insane). Macan T is a great choice, enjoy it in good health!

that is the one we want , the macan T

[City Guy997S]

“Spend less than you earn—invest the surplus—avoid debt.”

Whew just saved money on a book..........

FIRE - Interesting but most people get into trouble with the retire early. I knew a guy that made 10mm (sale of a business). He retired to Florida for less than 2 years. WHY? He was scared that he would run out of money, he could be on vacation 365 days a year/spending money.

He sold everything and moved back up north where summer was a shorter season!

[oneasterisk]

Originally Posted by mathjak107

if one has no choice they have no choice …

but many of us do find ourselves with choices as we roll our 401ks over or sell assets , get inheritances .

the point is , where choices are involved lump sum vs dollar cost averaging in has won over and over as far as results.

you would have to be a good market timer to buck that .

which is why we don’t sell everything when we reach our desired allocations and start over

What the best scenario and what people choose to do does not necessarily align.

People should invest more, but they don't. People should eat better, but they don't. People should exercise more, but they don't.

[ccm123]

Excellent book, I’ve read it.

[mathjak107]

Originally Posted by oneasterisk

What the best scenario and what people choose to do does not necessarily align.

People should invest more, but they don't. People should eat better, but they don't. People should exercise more, but they don't.

that is just human nature….which is why half the country does so poorly financially and job wise

[oneasterisk]

Originally Posted by mathjak107

that is just human nature….which is why half the country does so poorly financially and job wise

Which why your comment of lump sum versus dollar cost averaging isn't that helpful as even if people have the funds they would probably choose the less efficient method.

[mathjak107]

[quote=oneasterisk;64991901]Which why your comment of lump sum versus dollar cost averaging isn't that helpful as even if people have the funds they would probably choose the less efficient method.[/QUOTE

i disagree .

whether someone chooses to use good advice or not is up to them .

not at least teaching people the better way of doing things would be a bad idea .

not posting information because it won’t apply to everyone is nuts .

there would be no purpose in forums to discuss better ideas or methods then …

there is always someone who will learn from it which is why it is always worth presenting there are better ways .

maybe weight watchers should close up , or we should not bother putting the calorie info on foods since most who try dieting fail and gain even more weight . .only 20% of americans keep the weight off

so keeping information from being posted because human nature says many won’t do it would be ridiculous