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RICHARD DOWER

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RE: Selecting and Managing Your Investments - Lesson 5

Posted By RICHARD DOWER 03-04-2023 05:24
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What types of stocks are missing from your portfolio such as large-caps, small-caps, international, etc.? Small Cap At what frequency do you want to be trading stocks? For my small cap allocation I will follow the Shadow Stock Model portfolio. This is reviewed quarterly. When it comes to the type ...

RE: Selecting and Managing Your Investments - Lesson 4

Posted By RICHARD DOWER 02-28-2023 13:58
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
In your own opinion, what is the most important rule to follow/create for knowing when to buy or sell funds? Rule #1 . Does it fit in your Allocation Needs? If the answer is no then I wouldn't consider buying it. Looking at your own list of buy/sell rules as well as the AAII "best practices," ...

RE: Selecting and Managing Your Investments - Lesson 3

Posted By RICHARD DOWER 02-27-2023 12:20
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
How did you initially select the funds to evaluate? What did you learn about the funds you chose after inputting them in the comparison fund tool? I'll answer the first two questions together. Sorry for the long post. I spent a lot of time on this exercise, like days. First I went to the ETF Guide ...

RE: Selecting and Managing Your Investments - Lesson 2

Posted By RICHARD DOWER 02-22-2023 14:13
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What asset class and asset class category are you trying to find a fund for? Asset Class - Asset Category Large Cap - ETF vs 401(k) Mid-Cap Stocks - ETF Small-Cap Stocks - Stock Securities International Stocks - ETF vs 401(k) Intermediate Bonds - ETF vs 401(k) Real Estate - (Cowboy Account) ...

RE: Selecting and Managing Your Investments - Lesson 1

Posted By RICHARD DOWER 02-22-2023 11:22
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What allocation model did you choose back in Step 2: "R" - Recognizing Your Risk Tolerance and Allocation? I chose a custom portfolio and called it "High Moderate". Here's my thinking. Since my pension plus my wife's social security will cover most of our expenses I don't need to have 40% of my ...

RE: Identifying Your Investment Management Preferences: Lesson 5

Posted By RICHARD DOWER 02-20-2023 15:27
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What specific tasks would you need assistance with like the examples we mentioned above? If you don't have any, mention that below. I will need tax advice when I start selling securities and and whether or not Roth IRA's make sense this late in the game. Do you currently or plan to need a financial ...

RE: Identifying Your Investment Management Preferences: Lesson 4

Posted By RICHARD DOWER 02-20-2023 14:55
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Does your portfolio comprise of mostly funds or securities and why did you go this route? Funds. I did not have the resources early on to invest in individual securities. When I finally had the resources I did not have the time to do the research it takes to purchase securities. What constraints ...

RE: Identifying Your Investment Management Preferences: Lesson 3

Posted By RICHARD DOWER 02-20-2023 13:51
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I think knowledge will impact my management preference the most - both the knowledge I have and the lack of it. The knowledge that I do have gives me the confidence to learn what I need to know, to manage our portfolio on my own, and without the help from a professional advisor or planner. I consider ...

RE: Identifying Your Investment Management Preferences: Lesson 2

Posted By RICHARD DOWER 02-20-2023 08:30
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What types of investment accounts do you have? We have 401(K)s, traditional IRAs, and my pension. Boring but effective so far. I'm am expecting this to change since I have more time to manage our portfolio. 2. How do you think this will impact your overall investment management preferences? The ...

RE: Identifying Your Investment Management Preferences: Lesson 2

Posted By RICHARD DOWER 02-20-2023 07:30
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Thanks for this little nugget Wayne. "I am able to cover future RMD's with dividends and dividend growth from our investments, so I don't have to think about selling during periods of volatility, during market corrections or during bear markets." I haven't devled into the RMD part of my plan yet. ...

RE: Identifying Your Investment Management Preferences: Lesson 1

Posted By RICHARD DOWER 02-20-2023 06:54
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What type of investor have you been in the past? I have mostly been an Index investor up until this point. Most of our portfolio is in 401(k) type plans with the rest in targeted ETFs. I had little time to learn about picking individual securities nor the time to research them. Has this changed ...

RE: Step 2 - Lesson 6: Psychological Aspects of Risk

Posted By RICHARD DOWER 02-17-2023 13:13
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Great point! I've heard this smaller tactical account be referred as a "Cowboy Account". Once I get all the way through the PRISM process I think I'll go back and designate funds to this kind of account. ------------------------------ RICHARD ------------------------------

RE: Step 2 - Lesson 6: Psychological Aspects of Risk

Posted By RICHARD DOWER 02-16-2023 10:13
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Yes. 2007-2009, and I've been all over the place since 2020. Much of that I attribute both a fear of losing portfolio value as I head into retirement and a fear of missing out on returns. Thus, I was trying to time the market without really realizing it. Since I first started investing my portfolio ...

RE: Step 2 - Lesson 5: Financial Aspects of Risk

Posted By RICHARD DOWER 02-16-2023 09:15
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Some of our needs are met by non portfolio income. Although this varies considerably from the first few years until the last few years as we pay off the mortgage, I start receiving social security, and finally, move into an independent living home. From the time I get social security to the time we move ...

RE: Step 2 - Lesson 3: Short-Term vs. Long-Term Risk

Posted By RICHARD DOWER 02-13-2023 15:08
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I have had to make one minimum withdrawal (less than 1%) since my retirement due to the fact that my wife is still working and I have a pension. She will retire in 2024 at which point our retirement really begins. Our withdrawal strategy will be a 4%-5% withdrawal rate for the first year since we ...

RE: Step 2 - Lesson 1: Recognizing Your Risk Tolerance and Allocation

Posted By RICHARD DOWER 02-13-2023 06:46
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would? Until the recession of 2007-2009 I made no adjustments to my allocations. I basically just kept a 75%/25% stock to cash/bonds for years ...

RE: Lesson 6: Wealth Required to Fulfill Each Goal

Posted By RICHARD DOWER 02-10-2023 15:30
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
My situation is very much like Hugh's. I am retired so my biggest goal is to not outlive our money. So I took my current portfolio balance, plugged in a 5% return on just the balance (no additional contributions), and looked at the annual withdrawal rate and withdrawal amount. Both of them are higher ...

RE: Lesson 5: The Timing of Goals

Posted By RICHARD DOWER 02-08-2023 14:49
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
From what I see length of time has the biggest impact. If your length of time is set you will have to adjust your savings rate to offset any return rate variations. What surprised me is if you drop either your savings rate in half or the rate of return in half while keeping your length of time the same ...

RE: Lesson 4: The Key Components of Goals

Posted By RICHARD DOWER 02-08-2023 12:37
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
1. Defining your top priority goal: Ensure our retirement expenses are covered by our retirement funds until 95 years old. 2. Estimating when it will be reached: Now. I am retired now and my wife retires next year. We started saving for this 30+ years ago. 3. Analyzing how long you expect the goal ...

RE: Lesson 3: What Are Your Goals?

Posted By RICHARD DOWER 02-08-2023 09:43
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I tried to copy/paste the chart from Google Sheets but apparently it didn't show up. This time I'll try to upload a .png file. Here goes nothing. ------------------------------ RICHARD ------------------------------