Suppose everything you’ve been taught about investing is wrong. What then?
What if one only needs one investment in a carefully selected stock or fund — would you buy into that idea? Could Modern Portfolio Theory be, well, in some cases, a little bit wrong?
Have you ever tried taking a good mutual fund back years and years in Morningstar Advisor Workstation? I’ve been doing that very thing, and the amazing results will be discussed in January’s column, which is scheduled to appear in Retirement Advisor, the Investment Edge’s new home beginning January 2014.
To get you thinking — imagine a 1963 $1 million investment worth more than $17 million on Oct. 31, 2013, a plan that paid $2,932,946 as its 2012 withdrawals and is on schedule for even more in 2013. (And, yes, withdrawals began in 1963 and in 1964 — the first full calendar year — totaled more than $54,000.)
Have a super week.