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JAFO-- <<<<<If the article that is referred to is the Retire Early Home Page at geocities (run by John Greaney a/k/a intercst), then wisenlucky is entirely correct and JLC has entirely missed the point. The proof is looking at the terminal value --- in some cases it approaches zero and in any number of cases it is below the starting value of the portfolio.>>>>

"I think the article that was the subject of the oblique reference was probably <>. The series of articles starting at this URL does dwell on the idea of losing versus not losing principal, including the extreme case of having your principal reach zero."

It was a little hard to tell. I did go back to some of the early posts and found a direct reference to the REHP.

"So, I don't disagree with what you say in your post, but I think JLC was talking about something other than intercst's material, and I agree with JLC that I cannot see the point in trying to maximize the amount of the estate you are able to pass to your heirs."

I generally like Scott Burns, but if the article is as you desribe, then I agree with you and JLC (unless of course there are heirs, personal or institutional, that you intend to leave money). Too each his/her own.

Regards, JAFO

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