The Escape Artist
Discussion
Mr Pointy said:
Hilts, ze cooler.Talks sense about debt, his saving ratios are subjective tough.
Mr Pointy said:
What are you looking for?Mr Pointy said:
Never spoken with the guy but I Do read the content he shares. Its very much aimed at financial independence and or early retirement. If that is your aim check out the Mad Fientist and Mr Money moustache. I found the whole financial independence community (websites, blogs etc) useful but also noisy and I was getting information overload.
I have used his coaching service for a couple of years now and he has helped me with a clear strategy of planning and executing a simple plan to achieve financial independence.
I envisage working with him on an ad hoc basis every year moving forward. He is clear, highly knowledgeable and has a great sense of humour. Personally I think for the outlay it’s a not brainer.
I’d recommend having a short introductory call with him (which is free) and see if you are a fit.
I have used his coaching service for a couple of years now and he has helped me with a clear strategy of planning and executing a simple plan to achieve financial independence.
I envisage working with him on an ad hoc basis every year moving forward. He is clear, highly knowledgeable and has a great sense of humour. Personally I think for the outlay it’s a not brainer.
I’d recommend having a short introductory call with him (which is free) and see if you are a fit.
Not a single mention of the phrase "past performance is no indicator of future performance" etc.. etc..
I've not doubt the strength of the invest early and long approach, but... The rise of passive investing (to my untrained eye) does look like it has the ability to do something quite strange to the momentum of equity markets and a possible bubble to end all bubbles...
I've not doubt the strength of the invest early and long approach, but... The rise of passive investing (to my untrained eye) does look like it has the ability to do something quite strange to the momentum of equity markets and a possible bubble to end all bubbles...
FredClogs said:
... The rise of passive investing (to my untrained eye) does look like it has the ability to do something quite strange to the momentum of equity markets and a possible bubble to end all bubbles...
Mathmatically that makes sense.
We have a large group of people that have all decided to blindly buy the same 100 shares.
Thus almost perpetuating their inclusion in the top 100.
When a couple do falter and need to be replaced by numbers 101 & 102 the market makers, hedge funds & banks are well aware of the Index fund managers mandate to purchase.
The dot.com fiasco was a great example of catching a falling knife.
Shares leaving the index because of drop in value needed to be sold by index managers just as the spreads widened. Then buy the replacement occupants for the index slots and at the same time satisfy retail redemptions. Wasn't pretty.
If I remember correctly it was euphoria suddenly replaced by "Oh Fxxk"
Much less of a problem with index funds that cover 250, 350 or 500 shares..
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