Gary Duell

Do Statistics Lie?

Statistics don’t lie. But people lie using them. Below is what I call lying with the truth. It’s done to sell newspapers of course; I mean, that’s a very alarming increase in Omicron deaths isn’t it?  But hey, wait a minute.  Let’s take a closer look at the scale here. This is “Cumulative Deaths per 100,000” across various countries, with …

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Bullies Are Bad

In one of his comedy routines, Chris Rock drops a funny and I assume true story about bullies, most notably in his daughter’s private school. He says, “. . .bullies do half the work. Teachers do the other half, but it’s the bully half that you’ll actually use in the real world.” When the principal assured him there …

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It Is Reasonable To Expect 8-12% Market Returns Over The Next Ten Years

The title of this blog is indeed a solid myth. Before I project asset growth and income flow in Retirement Analyzer I have analyzed the client’s current portfolio and compared it to my recommended allocation.  To their disappointment, I routinely reduce the assumed rate of return (ROR) by half while keeping the same volatility.  So, for example, …

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You Can’t Spend More Than 4% of Your Retirement Savings Without Going Broke

Yes you can!  Another easily disproved myth. In their study “Why Annuities Work Like a License to Spend”  David Blanchett and Michael Finke* conclude:. . .every $1 of assets converted to guaranteed income will result in twice the equivalent spending compared to money left invested in a portfolio. The size of the effect is large enough …

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Arbitration IS the Best Dispute Resolution Tool

The title of this blog post is, in my opinion, a solid myth.  Good proof of that are recent bills in Congress intending to end binding arbitration because, in general it is:  Unfair.  The process is heavily biased in the industry’s favor  Which is probably why the Securities Industry and Financial Markets Association (SIFMA) is against reforms.  …

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