This is the second time I have listened to this. It is full of valuable info. Thank you for your clear and professional presentations. I look for your videos daily and look forward to the next one eagerly. Thank you.
Excellent presentation! It seems that your presentation emphasizes ditching the 60/40 for an 85/15 portfolio albeit the 15% will be on alternative to bonds apparently structured notes or derivatives. I'm one of those in the 3 to 4 buckets approach including assets such as SPIAs/DIAs. Reverse mortgage, and cash as non-correlated assets to keep liquidity during tough markets. But I'm not clear how the VIX and other structure contracts will honor their obligations like in 2008/2009 market meltdown when many of those structure contracts were not honored by major Wall Street Insurance broakers.
If you think interest rates are going to stay low, doesn't that mean that bond prices are going to quit dropping? So what would be wrong with having intermediate term U. S. Treasuries, which have a low correlation (0.19) with the U.S. stock market?
interesting presentation. I stay away from investments and strategies I don't get well. Take MPT, I can't duplicate it without professional help. I suspect, what you preached here is close to MPT just from a different perspective. Annuities are kind of expensive but I can see their utility. Annuities are in the same family as pensions and social security. Annuities can pay off if you really expect to live significantly longer than average. Long term bonds is a dead strategy. I use some short term bonds as a money market (JPST). All investment recommendations are based upon past performance. All investment brochures caveat that the future may not produce the same results. The bucket strategies are great visualization tool but what to do with the bond portion is the question.
I am surprised you feel the need for adviser help to strive for an efficient portfolio...I doubt anyone with a CFP, CPA or MBA knows anymore about alpha, beta, sharp, correlation, and whatever you want to define as risk than what they see in Morningstar. I got a FIA a year ago, now know to buy MYGA in the future and maybe QLAC when I turn 70. MPT assumes rational behavior, but we are people.
@@edmundfong7288 No, I don't need an advisor. They have some nice tools out there but they charge too much for them. Take the 4% rule, if your retired and living off this rule and then you let a manager take charge of your portfolio, it is now a 3% rule because you just gave 1% away. True MPT involves selling short and some other advanced concepts I'm not going to get into. But I believe in good diversification practices which is what some call MPT.
Eric, another excellent video. Please consider some editing. 54 minutes is way too long. You do make a great case for dumping the 60/40 model. But I'm not convinced NFFIAs are the answer. I guess I need to learn more about that investment type. I do like the idea of investing on things that tangible to replace bonds, that's why I find REITs intriguing.
I think a complicated but important subject merits a long presentation. This one had no fluff to edit out that I can see. Thanks much for a great video!
What age do you think people should start this doing this comprehensive planning? I've been investing/trading by myself and I've obtained a CAGR of 20% over 20 years and I turn 50 next year. I don't think there's anything to be done for at least another decade if not two or more. I don't plan to retire but I guess at age 72 or if I die things come to a head. For risk budgeting I did try out the pyrb script which is from a paper by Richard and Roncalli - it seems like the script you mentioned does something similar.
If you don’t already have an income tax planner and/or CPA (if you don’t want to Go It Alone), seems like you want to build that into your plan so that don’t brew any tax bombs that will hit you in your 70s.
@@dmoon9037 I have an accountant for taxes and a dedicated investment advisor as part of my workplace but they're good for specific questions. I was thinking I should sit down with a person around 60 or definitely over 50 years I guess. Life is busy that's the problem and I'm just procrastinating. Thanks for the response. The problem is finding an "all in one" person who knows taxes, retirement, investment, etc. Normally I get told to ask one or the other.
Content is very interesting and unique. Thanks for that. But please consider honing your presentation style for better clarity . Current approach can be confusing and convoluted, very hard to follow. This suggestion applies to your other videos as well. It’s a general opportunity for improvement for your channel.
I'm 60 and retired, with 100% in stock index funds. In the event of a stock crash, I'll take out a personal loan to pay my bills, along with rolling from my 401K to my Roth, in order to use up the 10% & 12% tax brackets.
This is the second time I have listened to this. It is full of valuable info. Thank you for your clear and professional presentations. I look for your videos daily and look forward to the next one eagerly. Thank you.
Thanks for your hard work . It was a hard topic bug you made it easy , understandable and intresting . Thanks once again
Very, very helpful. I've been looking for a way to move away from bonds but there was little to support the idea of moving away from a classic 60/40
Excellent presentation! It seems that your presentation emphasizes ditching the 60/40 for an 85/15 portfolio albeit the 15% will be on alternative to bonds apparently structured notes or derivatives. I'm one of those in the 3 to 4 buckets approach including assets such as SPIAs/DIAs. Reverse mortgage, and cash as non-correlated assets to keep liquidity during tough markets. But I'm not clear how the VIX and other structure contracts will honor their obligations like in 2008/2009 market meltdown when many of those structure contracts were not honored by major Wall Street Insurance broakers.
Great vid. What are some recommendations for volatility Bond Alternatives?
55:05 great counseling there
Great contrarian info. Very much appreciate your insights
Excellent video ... one thing for sure the next ten years will be nothing like the past 10 years ..must be a new video in there somewhere !
Great presentation thank you
Very good. So VXX adds a lot of drag to a portfolio. Is that the asset you were looking at to make 15%?
Thanks, good stuff! I am glad that I retired in 2005 at 50 (though 2008 & 2009 were a bit scary) rather than now.
I'm surprised there isn't an NFFIA ETF available. Or is there?
Great stuff. How about systematic trend following instead of buy and hold?
I would appreciate a copy of Tony's book ... this video was very informative, thank you!
If you think interest rates are going to stay low, doesn't that mean that bond prices are going to quit dropping? So what would be wrong with having intermediate term U. S. Treasuries, which have a low correlation (0.19) with the U.S. stock market?
interesting presentation. I stay away from investments and strategies I don't get well. Take MPT, I can't duplicate it without professional help. I suspect, what you preached here is close to MPT just from a different perspective. Annuities are kind of expensive but I can see their utility. Annuities are in the same family as pensions and social security. Annuities can pay off if you really expect to live significantly longer than average. Long term bonds is a dead strategy. I use some short term bonds as a money market (JPST). All investment recommendations are based upon past performance. All investment brochures caveat that the future may not produce the same results. The bucket strategies are great visualization tool but what to do with the bond portion is the question.
I am surprised you feel the need for adviser help to strive for an efficient portfolio...I doubt anyone with a CFP, CPA or MBA knows anymore about alpha, beta, sharp, correlation, and whatever you want to define as risk than what they see in Morningstar. I got a FIA a year ago, now know to buy MYGA in the future and maybe QLAC when I turn 70.
MPT assumes rational behavior, but we are people.
@@edmundfong7288 No, I don't need an advisor. They have some nice tools out there but they charge too much for them. Take the 4% rule, if your retired and living off this rule and then you let a manager take charge of your portfolio, it is now a 3% rule because you just gave 1% away. True MPT involves selling short and some other advanced concepts I'm not going to get into. But I believe in good diversification practices which is what some call MPT.
@@ralphparker ( ^ + ^ )
45:40 what’s a mean commission on a NFFIA? Is this a commodity product that I can shop among national carriers without working with an agent?
Tx for the great presentation. Can you pls send me Tony's book?
Eric, another excellent video. Please consider some editing. 54 minutes is way too long.
You do make a great case for dumping the 60/40 model. But I'm not convinced NFFIAs are the answer. I guess I need to learn more about that investment type. I do like the idea of investing on things that tangible to replace bonds, that's why I find REITs intriguing.
I think a complicated but important subject merits a long presentation. This one had no fluff to edit out that I can see. Thanks much for a great video!
Thanks Victor! We will break this into more bite-sized content in the future for those that like things a bit shorter
I going to watch in 2 or 3 sessions.
That's why God made pause buttons. You ask good questions... presenters need time during presentations to explain more complex issues like those.
This was fantastic! Both unique and actionable. Thank you so much.
Thank you!
Read the book! Educate yourself. Invest your time. It is your money and your retirement.
Thanks Stuart!
You need to address your home’s insulation problems. That is one way to save money 🤣.
What age do you think people should start this doing this comprehensive planning? I've been investing/trading by myself and I've obtained a CAGR of 20% over 20 years and I turn 50 next year. I don't think there's anything to be done for at least another decade if not two or more. I don't plan to retire but I guess at age 72 or if I die things come to a head. For risk budgeting I did try out the pyrb script which is from a paper by Richard and Roncalli - it seems like the script you mentioned does something similar.
If you don’t already have an income tax planner and/or CPA (if you don’t want to Go It Alone), seems like you want to build that into your plan so that don’t brew any tax bombs that will hit you in your 70s.
@@dmoon9037 I have an accountant for taxes and a dedicated investment advisor as part of my workplace but they're good for specific questions. I was thinking I should sit down with a person around 60 or definitely over 50 years I guess. Life is busy that's the problem and I'm just procrastinating. Thanks for the response. The problem is finding an "all in one" person who knows taxes, retirement, investment, etc. Normally I get told to ask one or the other.
Content is very interesting and unique. Thanks for that. But please consider honing your presentation style for better clarity . Current approach can be confusing and convoluted, very hard to follow. This suggestion applies to your other videos as well. It’s a general opportunity for improvement for your channel.
I'm 60 and retired, with 100% in stock index funds. In the event of a stock crash, I'll take out a personal loan to pay my bills, along with rolling from my 401K to my Roth, in order to use up the 10% & 12% tax brackets.
Mrs Watanabe lol
I don't know if anyone's mentioned this to you, you sound a bit like Obama when you speak, except faster. Interesting.
“Faster and more interesting than Obama”, that should go on his social media profile, lol