The Financial and Personal Security Letter
Dick Young grew up in Shaker Heights, Ohio, graduated from Babson College in Wellesley, Massachusetts, with a B.S. in investments, began his investment career in 1964 with Clayton Securities in Boston, and founded Young Research & Publishing, Inc. in 1978 to publish Young's World Money Forecast. More »
I have been a subscriber of Intelligence Report since 1992. I began investing for retirement using guidelines from Intelligence Report. I followed Richard's advice and switched everything to Vanguard in 2006 and wish I had done it sooner. With about 35% Retirement Compounders and the rest in Vanguard GNMA and Vanguard Short-Term Investment-Grade, I was able to fly through the recession. Average return for the last 5 years was 5.7%.
I retired from dentistry in 2010 after 43 years in my office, and since that time we are living off my investments and Social Security. We have about as much to live on as when I was working, because I don't have to pay those high taxes. I stick with the program and have not had to use any principal for living expenses.
I am glad that I stumbled upon your letter in 1992, because I was able to develop a philosophy for investing and a plan to stick with through thick and thin. It has paid off very well. Thank you.