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Strategies & Market Trends : Young and Older Folk Portfolio

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To: CrabbyTurtle who wrote (967)	5/30/2022 3:40:07 PM
From: chowder	5 Recommendations of 21917

>> Do you agree then, that the idea of 60/40 equity/bond portfolios, or whatever said allocation, is really designed for those that do not plan on doing what we are doing? << Yes. I went to our local TD Ameritrade office with one of my best friends to set up an account for him. He wanted me to go in case he didn't know some of the answers to questions that might be asked. The person started talking about ETF's and a mixture of equities and bonds. I told him it wouldn't be necessary because my friend was going to use the dividend growth strategy. The guy at TDA didn't know what that was. It is becoming more and more difficult for agents to discuss equities with people due to compliance laws. You're going to get plain vanilla, paper cutting advice from most brokerage firm advisors unless you can show them you know as much or more than they do. PS - If you want to own bonds, own them. I simply don't subscribe to the 60/40 rule. If others wish to do so it is not my intent to try and discourage them from doing it.

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