Rob Bennett's Best of Hocomania Discussion Forum - REHP -- Early Retirement Plan Failures

intercst

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Re: REHP -- Early Retirement Plan Failures
Reply #15 - 08/31/06 at 07:09:22

Quote from orion on 08/30/06 at 19:28:58:

Morningstar Link

With Rob's arrival in that M* thread this morning, there's some wonderful Hocomania being posted -- including complaints from el hoco loco that people are describing the status of his retirement plan inaccurately.

I was very careful in that article to provide a link to Rob's own posts to back up the information on the status of his retirement plan. If we can't rely on his description of his own situation, why on Earth would anyone take his advice on financial planning and career counseling seriously?

Is it any wonder why the vast majority of the Retire Early community regards Passion Saving author Rob Bennett as a "persisitent liar and a fraud?"

intercst

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intercst

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Re: REHP -- Early Retirement Plan Failures
Reply #16 - 08/31/06 at 07:50:12

I've updated the 'Early Retirement Plan Failures' article to include our illuminating poll on the advisability of 'retiring' in your mid-40's with only $400,000 and two small children. I've also included a link to the M* thread where some successful early retirees discuss the Bennett retirement plan and the Sept/Oct 2006 REHP article.

http://www.retireearlyhomepage.com/rob_failure.html

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Schroeder

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Re: REHP -- Early Retirement Plan Failures
Reply #17 - 08/31/06 at 09:18:46

From hocus post #26 . . .

**LINK**
Quote:

Responsible people need to step forward and say responsible things. There are people today entering searches in Google and coming up with conventional methodology SWR studies, studies that will in all likelihood cause them to suffer busted retirements in days to come. Something like that should never happen.

Hocus, ol' pal. Responsible people are stepping forward and saying responsible things. And intercst is probably the first person among them.

Many people both here on REHP and on Diehards are saying similar responsible things. And that is that for a family man such as yourself to retire early with insufficient assets, you are likely to suffer a busted retirement.

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orion Ex Member	Re: REHP -- Early Retirement Plan Failures Reply #18 - 08/31/06 at 09:30:56 OK I just waded through the obfuscation and hocomania of Rob's post 26, but rather than say anything specific, I'll just quote the entirety of post 27: Quote: 27. ... BrooklynBound\| 08-31-06 \| 06:03 AM What?
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orion

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Re: REHP -- Early Retirement Plan Failures
Reply #19 - 08/31/06 at 09:39:36

LOL!

Last night I almost posted a message which was a parody of hocus defending Mary Poppins. But I decided not to post it because it would be a cheap shot.

Now this morning:

Quote:

30. In Defense of Mary Poppins
hocus| 08-31-06 | 06:32 AM
Rob's website is like watching Mary Poppins.

I understand that you intend this as a dig, Allan. I don't really hear it that way, though. My view is that many sites in the personal finance area are far too stuffy. Mary Poppins is the voice of common sense in comparison to some of the oh-so-grave-and-oh-so-self-important voices being heard on Planet Internet today.

Now I'm really glad that I didn't post my parody. It might have prevented a much funnier reality.

Cheesy

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jason375 YaBB Newbies Posts: 25 Gender:	Re: REHP -- Early Retirement Plan Failures Reply #20 - 08/31/06 at 10:07:53 Hello All, Rob is saying I am wrong at M*. I had stated that John retired at 38 with several million dollars- Rob thinks it was 500k. Ayway It seemed like a pretty amazing feat. Insight?
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hocus Founder of Hocomania Embrace hocomania, but don't lick the frog Posts: 5870	Re: REHP -- Early Retirement Plan Failures Reply #21 - 08/31/06 at 10:29:42 I don't think of it as having been such an amazing feat for me to say that you were wrong, Jason. I've done it lots of times, actually. Rob
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orion Ex Member	Re: REHP -- Early Retirement Plan Failures Reply #22 - 08/31/06 at 10:38:22 It is true that hocus finds no difficulty in making untrue statements, and it's certainly no surprise that when hocus sees the term "amazing feat" that he thinks it must somehow apply to him. However, I believe Jason's "amazing feat" comment was in regards to John.
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intercst

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Re: REHP -- Early Retirement Plan Failures
Reply #23 - 08/31/06 at 10:59:48

Quote from jason375 on 08/31/06 at 10:07:53:

Hello All,

Rob is saying I am wrong at M*. I had stated that John retired at 38 with several million dollars- Rob thinks it was 500k. Ayway It seemed like a pretty amazing feat. Insight?

That's true. When I quit working in 1994, I had a portfolio of $500k. The asset allocation was 30% fixed income and 70% equities invested in about 20 stocks. I averaged about $18,000/yr in annual living expenses in the five years preceding my retirement.

Since I rejected the tenets of Hocomania and didn't "sell all my stock in 1996" my portfolio grew to several million dollars by 1999. Most of the growth in excess of the S&P500 return came from my LTB&H investments in Pfizer and Dell. Even if these two companies went bankrupt today, I would still be meeting my annual living expenses with less than a 4% withdrawal from the remaining portfolio.

I think the lesson is that it's very hard to retire early if you don't understand math -- hocus is living proof.

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hocus Founder of Hocomania Embrace hocomania, but don't lick the frog Posts: 5870	Re: REHP -- Early Retirement Plan Failures Reply #24 - 08/31/06 at 11:49:39 I think the lesson is that it's very hard to retire early if you don't understand math -- hocus is living proof. I take it that you too have some sort of bee in your bonnet re the Mary Poppins matter. Is that fair to say, John? Rob
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orion

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Re: REHP -- Early Retirement Plan Failures
Reply #25 - 08/31/06 at 12:26:59

Hocus has been used as a verb and adverb on Morningstar for some time, but now we have a suggestion of using it as a tag:

Quote:

48. what's the fascination??????
jdssim| 08-31-06 | 12:18 PM
Seriously, I'm baffled that people will continue to endlessly discuss this person.

And, why is it on the Diehards board?

In the future can people put a (hocus) tag (kind of like an OT tag on off topic posts) on the header for these posts so I won't waste another second of my life inadvertently reading about this bizarre person's bizarre approach to life and finances.

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Schroeder

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Re: REHP -- Early Retirement Plan Failures
Reply #26 - 08/31/06 at 12:46:26

Quote from orion on 08/31/06 at 12:26:59:

Quote:

48. what's the fascination??????
jdssim| 08-31-06 | 12:18 PM
Seriously, I'm baffled that people will continue to endlessly discuss this person.

And, why is it on the Diehards board?

In the future can people put a (hocus) tag (kind of like an OT tag on off topic posts) on the header for these posts so I won't waste another second of my life inadvertently reading about this bizarre person's bizarre approach to life and finances.

jdssim is most likely a Diehard newbie. Most Diehards have caught on to hocus' long-winded posts which convey either little information or false and misleading information. Some have been so fed up by hocus that they've put him on ignore. We'll see if jdssim does the same. But simply making a post "what's the fascination??????" doesn't seem to be constructive at all. Especially since jdssim spent a good amount of time reading the first 47 posts. lol.

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Schroeder

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Re: REHP -- Early Retirement Plan Failures
Reply #27 - 08/31/06 at 15:20:47

I guess we should include Sirschnitz/Russ as another Diehard sympathetic to hocus. Here is his latest post and I would say qualifies as "Sirschnitz-mania".

**LINK**
Quote:

53. How do you get to be a "financial expert"?
Sirschnitz| 08-31-06 | 03:13 PM
In post #39, Allan said,

"The problem I have is that Rob is putting himself out to the general public as a financial "expert", questioning the real experts like William Bernstein (a highly respected financial author whose work hocus often misrepresents) and Scott Burns (a prominent financial journalist who referred to hocus' approach as 'catastrophically unproductive'), sort of publishing a book, touting his blog, his websites, etc."

Perhaps Allan can explain how W. William Bernstein (a highly respected financial author whose work hocus often misrepresents) became a "financial expert", considering that he is a medical doctor by training and education. Scott Burns (a prominent financial journalist who referred to hocus' approach as 'catastrophically unproductive') has a Bachelors degree in biology and has been a financial columnist for about 20 years. How did he get his "expert" status?

I suspect the answer to both is that their investing style is in accordance with Allans. Ipso facto, they are experts.

Regards,
Russ

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Schroeder God Member Junior Researcher Posts: 2781 Gender:	Re: REHP -- Early Retirement Plan Failures Reply #28 - 08/31/06 at 15:55:43 More "Sirschnitz-mania" from another thread . . . LINK Quote: 6. Diehard intentions are clear. Sirschnitz\| 08-31-06 \| 03:23 PM If they can't "convert" you, they try to destroy you. Shame! Russ
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arrete

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Re: REHP -- Early Retirement Plan Failures
Reply #29 - 09/01/06 at 09:18:49

Apparently that earnabuck guy doesn't like me. *** LINK *** Conversation 52919, #57.

Quote:

57. #49 arrete
earnabuck| 09-01-06 | 06:25 AM
You gotta be kidding. With all the abuse Rob has taken both on here and from the intercst bunch, you have the nerve to come crying about that? Wow.

Maybe he'd like to be called a snarling attack dog.

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