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The Latest from the Late Bloomer Millionaires

Shrinking Middle Class and Federal Income Taxes

Shrinking Middle Class and Federal Income Taxes

Posted by Steve Schullo, PhD on Jan 17, 2017

According to the Tax Foundation, the richest Americans pay almost all of the Federal Income Taxes assessed by the IRS. Is this good news for us ordinary income earners? Well, perhaps not, as it is an indication of a severe decline in the middle class.

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Wild Ride! Followed by Boring Returns. 22 Years of Portfolio Data.

Wild Ride! Followed by Boring Returns. 22 Years of Portfolio Data.

Posted by Steve Schullo, PhD on Jan 15, 2017

Constructing a broadly diversified, low-cost portfolio is straight forward. But human beings continue to struggle to wrap their heads around this idea of the nonmechanical aspect of investing–what’s between our ears. The financial media is of NO HELP what-so-ever! First off, the well-known financial pundits imply that you can beat the averages by constructing an “exciting” portfolio. On the other side of the argument based on Jack Bogle and his author followers including this writer is to construct a “boring” portfolio. A boring portfolio is defined as a broadly diversified plan that performs close to the market averages, not too high (speculative) and not too low (managers making bad choices and charging the investor too much). My portfolio is boring because it neither exceeds or falls below the averages. It’s just right. That’s what I call genuine excitement. This excitement is the reasonable and sane returns I earned this past year. Nothing wrong with my 5.9% return for a conservatively constructed portfolio and the fun I have spending it supporting my values.
I have updated my data to include the 2016 returns of my portfolio. You can see for yourself. The enclosed graph shows an exciting portfolio during the 1990s and a boring portfolio since 2003. My graph will help you answer the question: Do you want to construct an exciting or a boring portfolio?

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2016 Annual Portfolio Return, from Cuba!

2016 Annual Portfolio Return, from Cuba!

Posted by Steve Schullo, PhD on Jan 14, 2017

Lots to discuss. Pictures of my latest travel adventure to Cuba, dissecting and evaluating my 5.9% portfolio return for the calendar year 2016, and explaining the power of simplicity.

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