Comments on: Professionals still haven’t questioned our epistemology http://increaseourtaxes.com/professionals-still-havent-questioned-our-epistemology/ Towards a more Livable America Sat, 01 May 2010 04:25:32 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: shaferfinancial http://increaseourtaxes.com/professionals-still-havent-questioned-our-epistemology/comment-page-1/#comment-35 shaferfinancial Tue, 28 Apr 2009 14:43:01 +0000 http://zacharyst.wordpress.com/?p=89#comment-35 Zack, keep up the good work! You are actively looking behind the curtains and that is a good thing. If you want to talk about alternatives to mutual fund investing inside an 401K, you can contact me dave@shaferwealthacademy.com. That is what I do for clients! Zack, keep up the good work! You are actively looking behind the curtains and that is a good thing. If you want to talk about alternatives to mutual fund investing inside an 401K, you can contact me dave@shaferwealthacademy.com. That is what I do for clients!

]]> By: Zachary http://increaseourtaxes.com/professionals-still-havent-questioned-our-epistemology/comment-page-1/#comment-34 Zachary Tue, 28 Apr 2009 14:15:50 +0000 http://zacharyst.wordpress.com/?p=89#comment-34 Shafer Financial, First the easy point. I do agree that gold is a risky investment, and it is not one I myself would pursue. Most of that post is a quote, however, and I do not agree with the entire quote. Thanks for the heads up on the Dalbar studies; I will read them this afternoon. I've pursued DCA through my 401(k) at work, and I'm looking into alternative investments. Thanks for reading my blog! Zack Shafer Financial,

First the easy point. I do agree that gold is a risky investment, and it is not one I myself would pursue. Most of that post is a quote, however, and I do not agree with the entire quote.

Thanks for the heads up on the Dalbar studies; I will read them this afternoon. I’ve pursued DCA through my 401(k) at work, and I’m looking into alternative investments.

Thanks for reading my blog!
Zack

]]> By: shaferfinancial http://increaseourtaxes.com/professionals-still-havent-questioned-our-epistemology/comment-page-1/#comment-33 shaferfinancial Tue, 28 Apr 2009 12:49:55 +0000 http://zacharyst.wordpress.com/?p=89#comment-33 Zach, Interesting post. But, in my mind it is another version of "this time it is different," but from a pessimists viewpoint. The last time we heard that was from the optimist viewpoint in 1998-2000 and we know what happened then! But the biggest issue I think is your assumption that DCA into mutual funds actually worked for folks during the 1950-2000 time period. It didn't as it doesn't now [lookup the Dalbar studies of mutual fund investor returns]. Your call for putting folks money into gold, is in my opinion very risky, because there is little intrinsic value in gold. Instead they should buy stock in a company that has real profits and real value IMHO. Investing in the stock market is not a game for passive folks. But there are many products out there that have guarantees associated with them for the passive minded! Zach,

Interesting post. But, in my mind it is another version of “this time it is different,” but from a pessimists viewpoint. The last time we heard that was from the optimist viewpoint in 1998-2000 and we know what happened then!

But the biggest issue I think is your assumption that DCA into mutual funds actually worked for folks during the 1950-2000 time period. It didn’t as it doesn’t now [lookup the Dalbar studies of mutual fund investor returns].

Your call for putting folks money into gold, is in my opinion very risky, because there is little intrinsic value in gold. Instead they should buy stock in a company that has real profits and real value IMHO.

Investing in the stock market is not a game for passive folks. But there are many products out there that have guarantees associated with them for the passive minded!

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