Profile

Hugh POLING

Contact Details

My Content

1 to 15 of 15 total

RE: An Alternative View From a Seasoned Investor

Posted By Hugh POLING 12-28-2023 11:17
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
In my humble opinion, one problem with this [goals] step is that it doesn't separate spending goals from accumulation goals. The two are diametrically opposed to one another. For example, you can have an accumulation goal of $100,000, or you can have the goal of spending $100,000 on an African safari. ...

RE: Welcome to the PRISM Wealth-Building Process Academy

Posted By Hugh POLING 05-19-2023 19:25
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I agree with Richard. Grubbing with the numbers, like entering your current investements into an AAII portfolio, will advance your understanding why Fidelity might have made those choices from their perspective as an adviser and a basis for deciding whether they are right for you. The act of entering ...

RE: Welcome to the PRISM Wealth-Building Process Academy

Posted By Hugh POLING 03-28-2023 10:26
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
In the meantime, Harry S, I would recommend the J.P. Morgan presentation (PDF) recently highlighted in the weekly AAII email: Guide to Retirement 2023 The longevity charts are more optimistic than what I recall in previous years and a good complement to PRISM goal-setting timelines. In particular, ...

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

Posted By Hugh POLING 02-17-2023 11:21
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Richard, regarding your last statement, one tactic I use for checking myself is to set the bulk of investments along the lines of PRISM but have a small account to play tactically, to get that feeling of "I'm missing out, gotta do something" out of my system. ------------------------------ Hugh POLING ...

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

Posted By Hugh POLING 02-14-2023 11:43
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
If you're currently in retirement, what has been your experience taking withdrawals and how has it affected your other investment goals? Has it been positive or negative? I effectively became retired with the Covid lock-down and used pension and cash savings for expenses, including a major construction ...

RE: Welcome to the PRISM Wealth-Building Process Academy

Posted By Hugh POLING 05-31-2022 12:26
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Say, Jenna, I notice my profile on the Community page notes I have completed 45% of something, but I can't figure out what the something is. Perhaps it relates to viewing the videos in the syllabus? ------------------------------ Hugh Poling amateur radio station KC7HP ----------------------------- ...

RE: recent email "buy level"

Posted By Hugh POLING 05-02-2022 10:30
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
"Buy level" seems to be an informal way of flagging to record the level, or value, of: a) price-to-book ratio b) market capitalization at the moment the stock is bought. 3x these values become the threshold to allow consideration of selling for valuation. ------------------------------ Hugh POLING amateur ...

RE: Identifying Your Investment Management Preferences Webinar

Posted By Hugh POLING 02-26-2022 13:58
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Hats off to John D for detailed post highlighting that it is not all-or-nothing for investment management. I hope others note, "Since I am still learning I limit myself to purchases of $1000.00 per trade." I used the same approach to get started in active investing, taking a little non-essential money ...

RE: Lesson 4: The Key Components of Goals

Posted By Hugh POLING 02-10-2022 11:28
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Hi Mary Jo, We had an 'event' that led to totally rebuilding a bathroom. Down to the studs (and some of those replaced!), we had a blank slate for the rebuild. I first thought up all sorts of great features in a bold design - very impractical but was a good foundation for simplifying to something that ...

RE: Identifying Your Investment Management Preferences: Lesson 2

Posted By Hugh POLING 02-07-2022 11:43
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Would you care to expand on what the Financial Manager has done to bolster your confidence in his management and/or reduce money-management stress? thanks, Hugh ------------------------------ Hugh POLING amateur radio station KC7HP ------------------------------

RE: Identifying Your Investment Management Preferences: Lesson 2

Posted By Hugh POLING 02-04-2022 12:12
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
What types of investment accounts do you have? As recently-retired person, I have a pension for day-to-day stability (replacing previous salary, which did the same thing) and an aggressive-oriented collection of 401K, personal IRA, and regular investment accounts. The 401K is fund-based per plan allowance ...

RE: Lesson 3: What Are Your Goals?

Posted By Hugh POLING 01-25-2022 14:37
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
"Retirement" as a goal is certainly popular in this community and as a single concept, it works fine for pre-retirement planning/saving/investing. Now that I am starting retirement, like you suggest, I need to establish goals for the giant pool of savings (cash and portfolio wealth) to address: a) on-going ...

RE: Lesson 3: What Are Your Goals?

Posted By Hugh POLING 01-01-2022 13:46
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I left career work a couple years ago​ as part of COVID shakeout leading to reduced company staffing. I was enjoying work enough to keep putting off retirement decision so consider it a blessing in disguise to have the decision to come to me. I think I have enough savings+pension to live comfortably, ...

RE: Lesson 6: Wealth Required to Fulfill Each Goal

Posted By Hugh POLING 12-28-2021 19:23
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
Hmm, I am a little surprised no one commented on this lesson so far. First, want to complement the spreadsheet designer that it did not "break" for my use case of starting retirement - big money up front and see what withdrawal rate to last 35 years. Conclusion is consistent with other articles that ...

RE: Lesson 5: The Timing of Goals

Posted By Hugh POLING 12-27-2021 23:06
Found In Egroup: PRISM: Prioritizing Your Goals \ view thread
I am late to the table and I am disappointed no one actually answered the questions with their comments. 1. In your worksheet, what lever change made the largest impact? Ex. the rate of return, the number of years before the goal is reached, your savings rate, etc. Due to compounding, rate of return ...