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Author: drippinfool Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75805  
Subject: Re: Time to replace the 4% rule? Date: 4/26/2010 8:37 PM
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"drip:

Just out of curiosity, how does one NOT entrust their money to someone else without putting it all under the mattress?

Well, you can direct how it's invested on your own, of course."


I may be splitting hairs, and if so, I apologize. I didn't mean entrust the decision on how to invest the money, just the money itself. Even if you buy shares of stock directly from the company that issues it, you are entrusting it to the management and directors of that company.

If I put my retirement money in some broad based index funds and rebalance regularly to maintain my asset allocation, I am directing how the money is invested (on a macro level), while entrusting to the mutual fund company and its fund managers.

-drip
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