Thierry Martin
04-05-2010, 11:36 AM
Income Investing And What You Really Know About It: Survey Results
by <a href="http://www.amazon.com/gp/search?ie=UTF8&keywords=Steven%20R.%20Selengut&tag=fiasco-20&index=blended&linkCode=ur2&camp=1789&creative=9325">Steven R. Selengut</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=ur2&o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />
Survey Results
The results are in! Roughly 260 people took the time to respond to the first income investing survey and I thank y'all very much for being so generous with your time. First, the generalizations:
As you will recall, the survey included eight "mostly true" or "mostly false" statements. Most people answered all of the questions without explanation or analysis (as requested), and most of the analysis explained exceptions to the "in general" nature of the questions being asked. All of your comments were well thought out, most were right on target and much appreciated.
Unanswered questions were judged half right and half wrong because there were too many of them to label totally wrong and wind up with meaningful statistics. Still, as a class, those who responded barely achieved a passing grade. A composite grade of just 72% correct is pretty scary.
Only 20 people assessed all eight statements correctly.
Here are the individual item results, based on my forty years of investment experience, including 35 managing OPM (other people's money) professionally.
1. Tax deferred income is better than tax-free income. This turned out to be the easiest question of all, as 92.3% of you correctly labeled it "False". One lesson to be learned early in your investment life is to grow a personal, tax-free, portfolio. "Uncle" has dibs on your retirement plans--- all of them.
2. All individual investment portfolios eventually become retirement income portfolios. 38.5% of you failed to get the point--- you can't spend market value unless you sell the securities, and there is no guarantee that the market will cooperate with your retirement plans. Eventually, this one rings "True", loud and clear.
For "the rest of the story": http://kiawahgolfinvestmentseminars....index.cfm/6874 (http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/6874)
<a href="http://www.amazon.com/gp/search?ie=UTF8&keywords=Steven%20R.%20Selengut&tag=fiasco-20&index=blended&linkCode=ur2&camp=1789&creative=9325">Steven R. Selengut</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=ur2&o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />
http://www.kiawahgolfinvestmentseminars.net
Professional Portfolio Management since 1979
Author of: "<a href="http://www.amazon.com/gp/product/1934354031?ie=UTF8&tag=fiasco-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=1934354031">The Brainwashing of the American Investor: The book that Wall Street does not want you to read!</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=as2&o=1&a=1934354031" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />", and "<a href="http://www.amazon.com/gp/product/B000NPCC0S?ie=UTF8&tag=fiasco-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=B000NPCC0S">A Millionaire's Secret Investment Strategy</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=as2&o=1&a=B000NPCC0S" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />"
by <a href="http://www.amazon.com/gp/search?ie=UTF8&keywords=Steven%20R.%20Selengut&tag=fiasco-20&index=blended&linkCode=ur2&camp=1789&creative=9325">Steven R. Selengut</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=ur2&o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />
Survey Results
The results are in! Roughly 260 people took the time to respond to the first income investing survey and I thank y'all very much for being so generous with your time. First, the generalizations:
As you will recall, the survey included eight "mostly true" or "mostly false" statements. Most people answered all of the questions without explanation or analysis (as requested), and most of the analysis explained exceptions to the "in general" nature of the questions being asked. All of your comments were well thought out, most were right on target and much appreciated.
Unanswered questions were judged half right and half wrong because there were too many of them to label totally wrong and wind up with meaningful statistics. Still, as a class, those who responded barely achieved a passing grade. A composite grade of just 72% correct is pretty scary.
Only 20 people assessed all eight statements correctly.
Here are the individual item results, based on my forty years of investment experience, including 35 managing OPM (other people's money) professionally.
1. Tax deferred income is better than tax-free income. This turned out to be the easiest question of all, as 92.3% of you correctly labeled it "False". One lesson to be learned early in your investment life is to grow a personal, tax-free, portfolio. "Uncle" has dibs on your retirement plans--- all of them.
2. All individual investment portfolios eventually become retirement income portfolios. 38.5% of you failed to get the point--- you can't spend market value unless you sell the securities, and there is no guarantee that the market will cooperate with your retirement plans. Eventually, this one rings "True", loud and clear.
For "the rest of the story": http://kiawahgolfinvestmentseminars....index.cfm/6874 (http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/6874)
<a href="http://www.amazon.com/gp/search?ie=UTF8&keywords=Steven%20R.%20Selengut&tag=fiasco-20&index=blended&linkCode=ur2&camp=1789&creative=9325">Steven R. Selengut</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=ur2&o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />
http://www.kiawahgolfinvestmentseminars.net
Professional Portfolio Management since 1979
Author of: "<a href="http://www.amazon.com/gp/product/1934354031?ie=UTF8&tag=fiasco-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=1934354031">The Brainwashing of the American Investor: The book that Wall Street does not want you to read!</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=as2&o=1&a=1934354031" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />", and "<a href="http://www.amazon.com/gp/product/B000NPCC0S?ie=UTF8&tag=fiasco-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=B000NPCC0S">A Millionaire's Secret Investment Strategy</a><img src="http://www.assoc-amazon.com/e/ir?t=fiasco-20&l=as2&o=1&a=B000NPCC0S" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />"