Off-Topic: Article That Is Quite Interesting
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(Deep Lake Specific)
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Updated 2/16/2011
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Name:
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MartiniMan
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Subject:
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Article That Is Quite Interesting
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Date:
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5/26/2022 8:50:35 AM
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That is indeed an interesting reason to be 50% in cash. He must have a hang lot of cash otherwise she is losing 2% to 8% in value each year and I assume that he has done the math and determined that there is enough for her given their expenses, inflation, expected life expectancy, etc. I have done the math and there is a huge difference in how long your money will last using 1%, 3% and 6% returns. But if he has a ton of retirement money his 50% will make the difference. At a minimum I will always have three years of living expenses in cash. If you look at the history of the markets it usually takes three years or less to recover from a correction so if you keep three years in cash you don't have to cash in investments during a down market to pay for living expenses.
But I do give him credit for his desire for marital harmony.....as we say in our house, if Momma ain't happy, ain't nobody happy.
Do you actually watch his show? I don't watch him or any other personality driven shows like his except for a few times on a plane when I had cnbc on the monitor. They seem more tailored for traders and not long-term investors but I haven't watched enough to know for sure.
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