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THE V-8*
1)
US STOCKS [IWV,
VTI, SPY]
2)
FOREIGN STOCKS [VEU,
EFA, CWI]
3)
US BONDS [AGG,
BIV, TIP]
4)
FOREIGN BONDS [BWX,
WIP, PCY]
5)
REAL ESTATE [IYR,
ICF, RWX]
6)
COMMODITIES [GSP,
DBC, DJP]
7)
FOREIGN
CURRENCY [UDN, UUP, ICI]
8)
OTHER (Small
Business, Private Equity/Debt, Collectibles,
Derivatives, Natural
Resources, or a narrow subset of any of the other seven
asset classes.)
*
The V-8 is an eight-asset-class approach to investing. Above
are seven important areas for all investors to invest in. The
eighth spot can be anything that doesn't perform identically to the
other seven. For each area, three exchange traded funds (ETF)
are suggested as possible broad representatives of the class (by
ticker symbol). Any one ETF will cover the asset, but
they may be uses with others. This is not to be construed as
investment advice. Please read the rest of this site's
DISCLAIMERS.
_____________________
What people are saying about "The Rich Life"...
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"I used to listen to
your show 'religiously' every Sat when I lived in Bend...I agreed
with you on housing and sold my house in Bend in October 2006, sold
in 2 days, and I turned the profits into a 53 ac farm out here in
Eastern Oregon. Keep up the great work!"
- Tony K.
"Mr.
Valentine, you forecasted a strong end of year rally, and
over-weight in technology on your mid-October radio show. On October
18th I placed 25% in IYW (now up 8.22%) and 75% weight in VTI (now
up 5.69%) Great results for 30 days! You DO make a difference for
those of us that listen to your show. Thanks for your VALUABLE
info!."
-
Tom M.
"I
have been listening to you since you came on KBND this past year,
and think your show is great! In fact, it's the best and most
useful money program I have ever heard, anywhere, anytime."
-
Randy P.
"Just
wanted to drop a quick note that I agree completely with your views
of obtaining a rich life..."
-
Mark O.
"Thank you for being more helpful than my broker. I look
forward to my Saturday mornings with you."
-
Lois W.
"I
appreciate the philosophical overtones to your financial advice and
attention to those things which make one's life rich beyond
financial independence.
-
Peter P.
"I've
been listening to you on Saturday mornings for a while and really
enjoy your program--a most refreshing and educational outlook on
investing."
-
Mary Ann S.
"I
arrived in Bend in '87, a KGO radio listener. KBND has come a
long way to becoming my radio station. Thank you for your
contribution."
- Bob
G.
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|
"Thank you for all the kind feedback!"
- BV |
|
 
"The Rich Life with Bill
Valentine"
 
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~ A syndicated, Money Talk
radio show broadcast every Sunday 11am - 2pm (Pacific Time) ~
KBND
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Bend |
KXL
-
Portland |
KNPT
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Newport |
KCMX
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Medford |
KMBD
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Tillamook |
KUMA
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Pendleton |
KAST
-
Astoria
_____________________________
MOST RECENT SOUND FILES:
[JOIN "THE RICH LIFE" GROUP
ON FACEBOOK
AND YOU'LL RECEIVE A NOTICE WHEN THE NEW SOUND FILES ARE READY
AND WHAT THE TOPICS ARE]
SOUND FILE INSTRUCTIONS:
Click on the buttons above and an .MP3 file will begin playing on
your computer's media player. Give it a minute or so to
start...they're large files. If you want to save the clip to
your hard drive (in order to burn to a CD or load onto an
iPod), right-click the buttons and then select "Save Target
As" and save it to your hard drive (probably the "My Music"
folder). From there, it can be burned to a CD or imported to
your iPod or .mp3 player.
_____________________________
YOU CAN HEAR "The Rich Life"
STREAMED
LIVE
VIA YOUR
INTERNET CONNECTION
LIVE SUNDAY
FROM 11-2 (Pacific).
_____________________________
KEEP UP WITH "THE RICH LIFE"
BY LINKING TO BILL VALENTINE'S BLOG AT
WWW.VALENTINEVENTURES.COM
_____________________________
June 21,
2009
-
Taking apart the "hyper inflation"
hypothesis.
-
Guest: Ron Coby, author of
"Discovering the Upside of Down."
-
The impact of Oregon's new tax
increase.
June 14,
2009
-
Time to take profits in the growth
markets?
-
Guests: Darren Powderly,
Erich Schultz of Compass Commercial.
-
The Victim Era--How the recent
change in Credit Card laws worsens our country's financial
condition.
May 31,
2009
-
My investment outlook, and changes
we're making.
-
Guest: David Moore, IRA
Advantage | Topic: Suitability and Logistics of investing in
real estate with IRA monies.
May 24,
2009
-
The truth about the "Dollar
Debasement" forecast.
-
The rich-living legacy of Steve
Larsen.
-
The Five Biggest Misconceptions
about the Economy and Markets.
May 17,
2009
-
Is "buy-and-hold" investing dead?
-
Guest: Charles Warren, Oswego
Crest Financial Group
-
"What makes us happy?" - results of
a landmark, longitudinal study on life
May 10,
2009
-
The role of the Mortgagee in the
Mortgage Crisis
-
The non-event of the week: Results
of the bank stress tests.
-
The role of our Educational System
in the Mortgage Crisis
May 3,
2009
-
Government to convert preferred bank
shares to common
-
Reasons for protracted malaise in
residential real estate
-
Playing the hyped story du jour
April 19,
2009
-
Markets Outlook: Stocks, Bonds, Real
Estate, Commodities, Foreign Currency
-
The State of Oregon's suit of
Oppenheimer
-
The Five Principles of The Rich Life
April 12,
2009
-
Economic Outlook: Double Dip vs.
Hyper Inflation vs. Debased Currency
-
Guest: Dave Floyd, Aspen
Trading
-
The truth about Insurance
April 5,
2009
-
Why I no longer watch CNBC
-
Guest: Jack Holt (GM auto
dealer that severed ties with GM after 51 years)
-
Asset rich, Cash Flow poor (time to
look at selling that real estate)
March
29,
2009
-
Where the Market has been...and
where it's headed
-
Guest: (none) Review of the
"Back to Basics"
-
Criticism of Federal Policy
March
22,
2009
-
Back To
Basics* - LESSON #10: The Most Important aspect of Investing: Asset
Allocation
-
Guest: Russ Weight,
www.identityprofiles.com
-
Assessing Federal response to the
Crisis.
March
15,
2009
-
Back To
Basics* - LESSON #9: The Basics of Bond Investing
-
Guest: Jason Goepfert,
sentimentrader.com
-
Stock exodus floods money market
funds.
March
8,
2009
March
1,
2009
-
Back To
Basics* - LESSON #7: The Irrationality of Market Timing
-
Guest: Cate Garrison, Victim
of Wes Rhodes (Fraudulent Investment Adviser)
-
What President Obama should have
said this week.
February
22,
2009
-
Back To
Basics* - LESSON #6: The Four Steps to Financial
Independence
-
Guest: Tom Potiowski, Oregon
State Economist
-
US Government fumbling policy
February
15,
2009
-
Back To
Basics* - LESSON #5: Getting started Investing
-
Guest: Matt Orr, Professor of
Ecology, University of Oregon
-
The Economic "stimuli" plans
February 8,
2009
-
Back To
Basics* - LESSON #4: What to know about a Financial Plan
-
Five (more) reasons...I LOVE THIS
CRISIS!"
-
"When will the Market recover?"
February 1,
2009
January
25,
2009
-
Back To
Basics* - LESSON #2: Own only ETFs (along with individual
bonds)
-
1031 Disaster: The Case of Summit
Accommodators
-
The January Effect, The Trade
Deficit, S&P 500 P/E
January
18,
2009
-
The Truth
about the TARP
-
Guest: Mark Gaskill,
MKG Financial (www.mkgfinancial.com)
-
Back To
Basics* - LESSON #1: Avoid Actively Managed Mutual Funds
*"BACK TO BASICS"
SERIES:
LESSON #1
(1/18): Avoid Actively Managed Mutual Funds
LESSON #2
(1/25): Own only ETFs (along with individual bonds)
LESSON #3
(2/1): How to engage in an Advisory relationship
LESSON #4 (2/8):
What to know about Financial Plans
LESSON #5
(2/15): Getting started investing
LESSON #6
(2/22): The Four Steps to Financial Independence
LESSON #7
(3/1): The Irrationality of Market Timing
LESSON #8
(3/8): Behavioral Finance: The Leading Edge
LESSON #9
(3/15): The Basics of Bond Investing
LESSON #10
(3/22): The Most Important aspect of Investing: Asset
Allocation
to download a free copy of
Valentine Ventures white paper (in .pdf form) on:
"THIS DECADE..."
("Why this decade is so different from the '80s and '90s that it invalidates
much of the conventional wisdom of how to save and invest")
Why Be Wealthy
When You Can Be Rich?
By William L. Valentine IV, CFA
(As appeared in the Cascade
Business News)
STOP RIGHT THERE! What if you follow everything you're reading
about money and investing, amass a fortune, retire, and find that
you're unhappy with your life? Some might say, "Give me the fortune,
and I'll show you how happy I can be!" I say, I've known hundreds of
millionaires and too many share the unique features of being
financial wealthy but personally and emotionally bankrupt.
Sound too touchy-feely for you? Consider that the "Golden Years"
often aren't—the highest suicide rates of any age group occur among
persons aged 65 years and older.1
And you don't need to be Dr. Phil to accept the idea that financial
concerns are a leading cause of stress and depression. More than 16%
of Americans will be treated for depression in their lifetime.2
What if the old formula—work/save/retire—isn't the key to living
a rich life? What if the key to a rich life isn't amassing money,
but rather surrounding yourself with things of value to you? And
what if the pursuit of money—on the job and in the investment
markets—actually conflicted with your ability to be rich?
As a long time investment manager and financial columnist, I
would suggest that all of aforementioned is true. In fact, I'm
reorienting my practice to foster the mutual objectives of wealth
accumulation and helping individuals to develop a lifestyle rich in
the things money can't buy.
So instead of giving you "My Favorite Stock Picks," I offer up a
new set of principals to add to the wealth-accumulation debate.
1) Money
is good – Money is the key to having maximum personal
flexibility and the pursuit of money is a virtuous one. Prudent
planning and intelligent investing help you get there. This is the
easy part and what I've worked my entire career to perfect.
However...
2) Money
is only a small part of living a rich life – Life's riches are
those things of value to you. Often, they cannot be bought, and the
pursuit of money can conflict with efforts to achieve many of the
most important aspects of living a rich life. They are distinctive
to each of us.
3) The
definition of "work" is "being paid to do something you'd rather
not" – Your goal, therefore, is to minimize work. If you
love your occupation, it's not work--and this doesn't apply. But
work for the sake of money that comes at the cost of those things of
value needs to be rethought.
4)
Financial independence occurs when living standards are met by
investment yield – The gap between the money you need to retire,
and a rich life in retirement, can be narrowed through redefined
ideas about retirement, lifestyle, and the role of money.
5) Living
a rich life entails maximizing your experiences and living in the
present – While living within your means, it's important to
enjoy the fruits of you labor now, and allocate your time towards
living in the moment. This entails surrounding yourself with the
people and activities most important to you, today.
It's not an easy process for anyone. However, I can't think of a
better time to design a rich life and break out of the system. Many
are learning to reorient their lives to create more joy and
meaning—often without amassing a fortune ahead of time—using
non-traditional approaches to work, money and life.
I challenge my fellow Central Oregonians to balance their worthy
pursuit of wealth with a similarly noble pursuit of a life rich in
those things of value: health, family, hobbies, friends,
spirituality, and philanthropy. Starting now, anyone can be rich...
For what's the point in a life filled with many dollars but
little sense?
William L. Valentine IV, CFA is the President
of Valentine Ventures, LLC, a private money management firm
investing on behalf of high-net-worth individuals. He is the host of
"The Rich Life with Bill Valentine," Saturday mornings on News/Talk
1110 KBND.
_________________
1
National Strategy for Suicide Prevention, US Dept. of
Health and Human Services.
2 National Comorbidity
Study, National Institutes of Health, Journal of American Medical
Association.
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WHO
WE ARE
