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Pros & Cons

Update Pros and Cons
The AI used to provide these results are constantly improving. These results might change.

Pros

Computer scientist john mcclung has written a book on retirement investing. Mcclung argues that income harvesting strategy can pay off in higher safety and more income. The book also includes mcclung's original harvesting ratio, or datum.

Book is thought-provoking while staying fully data-driven. Author makes extensive use of alternative datasets. I hope that the author will keep updating the book to include more data.



Cons

However when it comes to putting together a personal plan to make it work the links don’t work so the plan has gaping holes in it. The rest is fluff.

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Highlights

The AI used to provide these results are constantly improving. These results might change.

Quality


The methodology in this book is sound for preserving safety of principal, achieving an adequate investment return, and avoiding...  Read More


As an engineer, i thought his methodology was quite sound and provided a solid basis for embarking on an unconventional approac...  Read More


It also dispelled some common beliefs that i had regarding things like asset allocation managment and how much to withdraw each...  Read More


The single worst historical cycle making a given portfolio get depleted through a fixed-withdrawal approach, while the book mak...  Read More

Price


I’m as cheap as anybody and i’m telling you that you should pay the $40 for the paperback and not just settle for the three free chapters.


Books like this do not make the author much money, especially given the massive number of hours he put into it.


The complaints about the cost of this book in this thread are silly given that this is a financial book that will easily pay fo...  Read More


Not a bad investment of time and $40ish bucks!

Competitiveness


This is very similar to how large endowments who have perpetual outflow requirements run their investments.


There are many graphs comparing different strategies – this helps me better comprehend the information presented.


For instance in the income harvesting chapter he looks at 11 alternatives suggested by other authors before advancing his own r...  Read More


The area where i found his argument the weakest was the advice on how to balance domestic with foreign equities -- this seemed ...  Read More

Overview

  • How are reviewers describing this item?
    financial, most, many and own.
  • Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
  • Our engine has determined that the review content quality is high and informative.
  • Our engine has discovered that over 90% high quality reviews are present.
  • This product had a total of 87 reviews as of our last analysis date on Apr 14 2024.

Helpful InsightsBETA

The AI used to provide these results are constantly improving. These results might change.

    Posted by a reviewer on Amazon

    I liked the book but its hard to fit in my backpack


    Posted by a reviewer on Amazon

    Most texts do not include that third subject which is critical to retirees


    Posted by a reviewer on Amazon

    I had a lot of painful losses as well but i was pretty good at it overall


    Posted by a reviewer on Amazon

    I had no framework for what to do until i discovered this book


    Posted by a reviewer on Amazon

    I committed to the tactical asset allocation process and it avoided me the pain of the market crash do to covid fears in february of 2020 then got me back into the market in may 2020 for spectacular gains


    Posted by a reviewer on Amazon

    It then got me out of the market in december of 2021 thus avoiding the recent i write this in july 2022 20 drop


    Posted by a reviewer on Amazon

    Some advice is too technical for nonexperts but most of it can be put into use by anyone


    Posted by a reviewer on Amazon

    However over time i began feeling like much of the information i was consuming was redundant and the level of depthspecificity was lacking

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Please note: The content is generated by an AI language model based on reviews. We are constantly improving the accuracy, however, its outputs may contain errors or offensive content from certain reviews. Please report any errors or offensive content to us. Also, please note that we will not collect your questions unless you click the thumbs up/down button to provide feedback. The answers displayed will be stored by us so if another Fakespotter asks a similar question we can provide them an answer faster. Your feedback will only help us make Fakespot Chat better! By using Fakespot Chat, you agree to Fakespot's terms of use and privacy notice.

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