Guy spier 221% vs s&up 500 36.7%. he started in 1997 with his family and friend money
Thatâs great, but this is a retirement thread for folks 99.9% of whom here canât afford to pay $500k fee or even to gamble $500k on some âPM meâ hedge fund investment.
I am citing only public records, not the latest record.
Klarman has underperformed the S&P 500:
https://www.gurufocus.com/profile/Seth+Klarman
If you have links supporting a 25+% ANNUAL return over the past 10 years (per your initial post on the subject) please include the link.
And your advice to have folks put their retirement money in one of these well-known hedge funds isnât practical advice. Do you have your own money with these 3 names youâve mentioned?
Sent. B-)
@BunsenBurner fee is not 500 k, that is the minimum investment amount. There are many people who charge say 50 k, but then their records are only 3 to 5 years old, go and search you will find them as I do not want to be accused of anything. Now I have given you name, you can not say anything about the record so you are insinuating.
Hedge fund is a law created by congress to make rich .o1%, richer. That is why non_accredited investors are allowed rarely. Read SEC documents and you will know.
I have desire to improve despite coming here penniless. What I found US is a land of opportunity, if one wants to work hard.
- You did not come here citing your background. Another poster pointed it out well into the discussion.
- Perhaps you shouldn't recommend things of which you have no first hand knowledge. I wouldn't consider that expertise. Sounds like you've done a little reading -no more, no less. Please support your claims with links.
- You're the one making the claims so please support your 25+% 10 year annual return claim. I've already debunked one of the names you've mentioned in post #12283.
What about other two, you did not say about their records.
Allan Mecham. , he is close to new money
Search there are many more. Unfortunately I have up to date records but they are not public. I wish I have money to invest. If I had I will not waste my time on Cc looking for need based aid or merit aid. My kids are educating me that this world also exit of real financing. And yes I do not have first hand knowledge.
Knock it off, or get off this thread. We donât treat people like that here.
If someone says something questionable, we question them. If you canât answer without being rude, then leave.
Look - we are mere geezers here. Even such easy stuff as bitcoin is hard for us to grasp. A pyramid scheme is waaaaay above our pay grade. 
Maybe a change of topic will be welcome at this point? Totally random, just jumping in the middle here.
What do you all estimate for medical expenses per person in retirement, including insurance premiums and out of pocket expenses. Iâm assuming average health. Neither of us have any medical conditions at this point in time, but weâre quite a few years away from retirement still.
I realize Medicaire can change, but letâs assume things stay where they are now. Unless thatâs a very unrealistic assumption, in which case, please educate me.
"According to the latest retiree health care cost estimate from Fidelity Benefits Consulting, a 65-year-old couple retiring this year will need an average of $275,000 (footnote 1) (in todayâs dollars) to cover medical expenses throughout retirement, up from $260,000 in 2016.
And that applies only to retirees with traditional Medicare insurance coverage, and does not include costs associated with nursing home care."
https://www.fidelity.com/viewpoints/retirement/retiree-health-costs-rise
Wow, interesting @doschicos. I wonder if theyâre assuming a 4% withdrawal rate on that 275K. That would come out to $917 per month.
If theyâre assuming a 7% withdrawal rate, that comes out to $1604 per month. Yikes.
@WalknOnEggShells â the figure @doschicos referenced is per couple. I think LTC/AL could add tremendously to that figure. I wonder what life expectancy was used?
âWhat do you all estimate for medical expenses per person in retirement,â - No refined answer for us yet. But for now in DHâs planning spreadsheet we are ballparking it at $10k/person under 65 (total self-pay), $5k over 65 (medicare eligible). But that is probably low.
According to the footnote:
âEstimate based on a hypothetical couple retiring in 2017, 65 years old, with life expectancies that align with Society of Actuariesâ RP-2014 Healthy Annuitant rates with Mortality Improvements Scale MP-2016. Estimates are calculated for âaverageâ retirees, but may be more or less depending on actual health status, area of residence, and longevity. Estimate is net of taxes. The Fidelity Retiree Health Care Costs Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal governmentâs insurance program, Original Medicare. The calculation takes into account cost-sharing provisions (such as deductibles and coinsurance) associated with Medicare Part A and Part B (inpatient and outpatient medical insurance). It also considers Medicare Part D (prescription drug coverage) premiums and out-of-pocket costs, as well as certain services excluded by Original Medicare. The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services, and long-term care. Life expectancies based on research and analysis by Fidelity Investments Benefits Consulting group and data from the Society of Actuaries, 2014.â
And yes, LTC could increase it many fold.
The important thing for medical, IMHO is to be sure to get Medicare Advantage or Medigap or similar at age 65 so that there is a cap on your catastrophic out of pocket costs every year. Traditional Medicare does NOT cap annual out of pocket.
If you are fortunate to have a medical policy for life that caps your annual out of pocket, that may be suitable instead of Medicare Advantage or Medigap.
If there is a cap, you can use that and your premiums as a ROUGH guide of your out of pocket medical costs plus LTC, AL, and extras.
Hereâs CNNâs article about medical costs estimatesâscary of course. Scary sells and of course costs rise.
http://money.cnn.com/2015/12/30/retirement/retirement-health-care-costs/index.html