NoFeeBoards.com!

After almost a year here at NFB, I see us coming to a crossroads of sorts. Do we want a site solely devoted to financial discussion? Or a place where anyone can have a board for any subject? TMF had long internal debates about this question before it adopted the policy of permitting non-financial b...

The only board I quit was tmf's rehp. As the REHP community member who did more than any other to make that board the best FIRE information resource on Planet Earth, it distressed me greatly to see you leave. I understand why you did, of course. But I also am aware that you were the most popular an...

Wherever you go things seem to erupt. It's true. I can't even post at the Newbies board anymore without tempers getting short and people quoting Beatle's songs and such. I do not say this in a mean spirited way, just the way I see things at this time. OK, Pete. Your heart is in the right place, and...

Calling the REHP the hocus board when you've been banned was a master stroke of arrogance and short-sighted behaviour. I was banned for continuing to offer honest and informed posts on the subject matter of the board in the face of intimidation tactics engaged in by Disruptors. Do you think that th...

Here is what raddr said in the post that opened this thread: Raddr: : "I keep reading or, really, skimming your posts both on your board and on the NFB Personal finance boards and I see where you repeatedly crown yourself the King of SWRs and cast the rest of us in supportive roles. You also a...

I see where you repeatedly crown yourself the King of SWRs and cast the rest of us in supportive roles I have done no such thing, raddr. The only thing I have pointed out that is in any way close to what you say here is that it is my insight that kicked off The Great Debate, and that I have been vi...

Hocus's board is easy and everyone refers to it that way. I can't see that changing, just like people often call the REHP board intercst's board. Why not call the REHP board hocus's board? I've done more to build up that board than I have to build up this one. I don't think of either of the two boa...

The problem here in essence is that a single post has now had 3 replies about you. This is a big problem. During the course of The Great Debate, there have been six posts about hocus for every one about some issue of substance. I would like it to be 50 on substance for each one having to do with a ...

Is there any way that hocus can have a word limit imposed on him? When Bob Dylan released his "Time Out of Mind" album, there were some who complained that the song "Highlands," clocking in at over 17 minutes, was "too long." They asked Dylan: "Why couldn't you ha...

We can extend our portfolio life span by using TIPS and our newly developed Safe Withdrawal Rate calculations and we can withdraw 4% of our initial portfolio balance in today's market.

Good stuff, JWR1945.

I added a special sentence all for you advising you not to enter into a page long diatribe about who's board it is. You just don't listen!! This is not the first time that this sort of thing has happened. I think it was you who noted a few weeks back that, had I listened to the views expressed by s...

hocus, it is your board, thought of as your board, so pls don't waste my time with a page long rebuttal about why it is not your board). It is not my board, Pete. Please tell me how it is that you believe I came to possess ownership of this board. Did I contribute something financially towards its ...

Excerpt: "In the late '70s, even as rising interest rates crushed stock P/E ratios down to eight times earnings, Equity-Income continued to produce superior returns, as did most of the handful of equity-income funds then in operation. " http://www.dallasnews.com/business/scottburns/columns...

It is something that you are doing. You respond to baiting. You reply whenever you see a post that is directed specifically at you. That is what you are doing wrong. Sometimes, you need to force yourself to keep quiet. I have a philosophy of posting that I adopted long before this debate began. One...

Why would hocus choose hocus as a name? The screen-name question came up a long time ago on the REHP board. It was brought up that time by a poster named Biggaloot , who in some other posts put up some insightful SWR research. I chose the name when I first posted at the Motley Fool site. I would ha...

I see it as a reflection of the board leader who is, by all accounts, narcissistic and bent on pushing a left-wing political agenda. The rare on topic threads over there are often shallow and amateurish compared to here. They can't hold a candle to us over here on the FIRE board on most substantive...

Perhaps hocus' biggest error is to construe the inhabitants of this board as being new paradigmistas, like those who unceremoniously threw him overboard at tmf The FIRE community that congregates at the TMF board did not do this, Wanderer. I was indeed thrown overboard, but I was thrown overboard b...

Is there one last question or comment?

No. Please go. You have done more than your share here.

The Wave thanks you!

Please let me know if there are prior questions or sub-parts still outstanding...or if there are other issues to touch on? Crestmont: In the event that you missed anything, please don't worry about it even a little bit. You have been an amazing help to us. You are great. If there are any questions ...

Again, please respond to any outstanding JWR1945 questions before addressing mine. But I want to get this one on the table before the deadline for submitting questions strikes.

Set forth below is a quote from Peter Bernstein from an interview he gave earlier this year following a controversial speech he gave in late January about the future of stock investing strategies. I plan to invite Bernstein (no relation to my other planned invitee William Bernstein) to this forum sometime in 2004, and I'd be interested in any reaction you have to the thought he puts forward in the words below. My sense is that Bernstein believes we are on the threshold of a time at which people are going to need to abandon some long-accepted rules of stock investing and begin development of some fresh approaches.

My question to you is--Do you agree that Bernstein is suggesting something big here and do you think he might be on the right track with this suggestion?

Here is the quote:

"What we've had is a graphic demonstration of boom and bust. That's a familiar pattern. So what's expected is that after the bust, you pick up the pieces and go forward. That this is different, I think is hard to recognize. And people are reluctant to recognize it. In particular, the difference pulls them away from traditional ways of managing their affairs. I mean, it doesn't occur to people to say, "Now, I have to do things differently." Yes, they think, "I won't get caught in the next bubble, I'll get out sooner."Â￾ But that's different from saying, "The basic investment structure that I've been using, which served me pretty well, is no longer appropriate."Â￾ That's a big step.

"People are never terribly comfortable with change"
And they have to be persuaded, because they think the long run tells them things that would justify continuing doing what they have been doing.

"I am suggesting that we have to begin by focusing on the meaning of the long run - think about it differently in the post-bubble world. That means that our approach to investing's fundamental problem, asset allocation, has to change. The thrust of my argument is that we are going to have to learn to live without the crutch of things like policy portfolios - because the conditions that justified their existence for so long have been shattered."

End of Peter Bernstein quote.