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Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5086  
Subject: Re: Nest Egg Principle Date: 6/4/2004 2:42 PM
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If my calculations are correct, the PBS Interview was done in 1999, at the height of the market:

Billy and Akaisha average well over 12% a year on their investment, so at that rate they still have thousands left over each year to reinvest. Works for them, but there are some things to think about.

So what if the stock market collapsed, say as much as 50%, would Mark and Jill have to start all over again? Are they prepared? Have they thought it through carefully enough?

Well, yes we have and life is a risk. You really don't know what tomorrow will bring, but we've planned for that and we do intend to have medical insurance. And, if things change along the way, maybe we will have to go back to work, but we are ready for the challenge.

What's scary is that they say they 'intend' to have medical insurance, which would seem to imply that they didn't have it at the time of the interview.

I'm sure they're currently not making 12% a year, plus they probably lost of bundle over the past 5 years.

I would guess they're back at work now, but I'm sure they had a great 8 years! It still doesn't negate the fact that those 8 years had more to do with the luck of 'timing' than preparation, IMHO


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