From "financial Declaration of Independence" Book
This strategy completely eliminates your six biggest investment risks:
1.
It eliminates the risk of being in or out of the stock market at the wrong time. (The strategy requires no economic forecasting or market timing.)
2.
It keeps you from handling your money too conservatively, so you don't have to worry that your long-term purchasing power won't keep up with inflation.
3.
It keeps you from handling your money too aggressively, so you don't have to worry about blowing up your portfolio.
4.
It doesn't require you to own any individual stocks or bonds. So there is no possibility of them causing your portfolio to crater. (Think Enron, WorldCom, Lehman Brothers or Wachovia.)
5.
It does not require you to use a broker, money manager, financial planner, or anyone else who would like to attach himself to your portfolio like a barnacle, siphoning off fees every year.
6.
It eliminates the risk of unwise delegation. No one cares more about your money than you do. The Gone Fishin' Portfolio allows you to manage it yourself, simply, safely and effectively.
*From "financial Declaration of Independence" Book
Thursday, May 14, 2009
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