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Fingfool writes:

<<A couple of quick questions:

1. Is my view of your strategy correct?>>

Yes, it is. And your analysis is very close to the one I used for myself.

<<2. Do you realize (and I feel you do) that in these periods tested, the 5 year stash grows considerably larger as percentage of the total of the stash plus the stock fund, i.e. your fixed income/equity ratio becomes very conservative?>>

Again, yes. I view that as a natural fallout of the periods used, (i.e., worst case).

<<3. Have you run the numbers of your strategy versus strategies of holding various ratios of equities and bonds over several time periods? If you have, can you reveal the results?>>

I have. You can see the results for some of it in a series of 23-some posts discussing Retiree Portfolios. The results appear towards the end, but the whole series is worth reading. It begins in post 223 on the Retirement Investing board at

<<4. None of my business but is your personal withdrawal rate 4% or below? If it is, I wouldn't feel you have as much from a personal pain perspective at risk here as many others out there may.>>

I push the envelope by using 6%, but I keep a very sharp eye on things.

<<My surprise at your revelation of the cadets' interest at their age in investing for retirement and your teachings, reminded me of another time I was pleasantly surprised by cadets' reactions. That was after a football game between Army and Illinois (Army won) in Champaign in 1959 at a post game celebration. To my surprise the Army gray jackets soon came off to reveal some pretty moldy T-shirts when I was kind of naively expecting them to sit at attention at the bar. The party was a blast and my only disappointment was that the female part of the crowd seemed to be mostly attracted to the cadets. Must have been those moldy T-shirts.>>

LOL. That must be why they gave me a T-Shirt at the conclusion of my talk. They probably thought I could attract more attention from the distaff side by wearing one. :-)

<<As for your compensation for your duties at TMF, they should give something just for the adult supervision you must have to provide all those young Fools.>>

Again, LOL. Don't forget, though, that my bio notes I'm only 29 and that my two daughters are older than I. In fact, both the Gardners are now older, too. I guess I'm just more mature than most for my age. :-)

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