Jerome Clark , CFA, is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and a portfolio manager in the Asset Allocation Group.


Bob from IL posted over 7 years ago:

Nice information for the million dollar portfolio. there are many with much less who retired long ago. Hard to find studies and strategies for the "small people"

Michael from CA posted over 7 years ago:

Bob is right. The "small people," or those of the 98% who did not benefit greatly from the Bush tax cuts, are working as greeters at Costco and Wal-Mart. Or if they can they will work until they drop dead at their desks at age 75.

Jon from AZ posted over 7 years ago:

I don't thing the actual portfolio size is the point. Rather, the point is made also with us not-so-wealthy investors. I suspect we could ratchet down all the figures by a certain percentage and come up with essentially the same results favoring conservative investment styles in the recent past, but more aggressive (higher equity) investing over the long term.

William from KS posted over 7 years ago:

From 1999-2009 bonds outdid stocks' return. The late Peter Bernstein remembered in 1954 bonds outdid stock when he was new as a broker. His colleague assured him, "Don't worry, it's an anomaly." Bernstein wrote in 2008, "I'm still waiting."

Tom from NM posted over 7 years ago:

As above from William, here are some real life results, Dec 2000- June 2010, no new contributions to this tax deferred IRA during this time, listed below is the performance as I calculated them last month.

Bond fund up 86%
Stock mutual funds up 18%(only positive because of a switch in 2008)
Gold up ~6000%

I had exactly the opposite ratio of bonds, stocks and metals to take advantage of the metals and materials boom.

S from VA posted over 7 years ago:

The Journal has published summaries of studies by T Rowe Price on this subject for a number of years. But there never seems to be a reference to the specific studies or where they might be found for those of us who would like to read the entire study.

Where can the underlying research be found?

B Wildfeir from NY posted about 1 month ago:

Assuming that the retirement assets are in a qualified plan, why would anyone withdraw in 3 years???? This would incur huge taxes! And what would they do with all the assets after the withdrawal?

John Greer from MI posted about 1 month ago:

I think the fact that this is a company selling investing advice means they twisted the scenario to a point that makes you think you need them to get the extra 35K. I can't think of a single reason to take money out as a retirement plan in 3 yrs. Makes the idea of planning for a 30 yr retirement seem wildly crazy.

Also, this is from 7 yrs ago. Now the last 7 years has been entirely different. Up 107% in last 7 years to Jan 1 2018.

James Joslin from NC posted 25 days ago:

It is interesting how more effective equities are in the long-term in accumulating wealth. It is particularly insightful that if you had invested more heavily in equities for a number of years before the 2008 downturn you would still be better off after it than being more heavy in fixed income.

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