The Big Saturday Interview with Lee Hull, author of Less Risk, More Return
Lee Hull, money manager, author of Less Risk, More Return:
Going forward in time, no one can predict what future returns will be. But if you think about it in simplistic terms, only three things can happen to the stock market indexes in the future: the future will be above average, the future will be average, or the future will be below average.
Traditional portfolios are fully prepared for an above average market. Take 1980 to 2000 – we returned 13-14% a year easily. It didn’t matter what you were in, you probably did okay. Take the 20-year period prior to that and the returns are in the low single digits, 2-3% a year. Nothing worked in the traditional market that way.
Ideally, we all have the same retirement goal: to retire on time with enough money, no matter what the stock market, the bond market does. Traditional portfolios are set up where they are only going to do well if we get a great 20-year run in stocks and bonds both. And that’s not in sync with people’s real goals. People’s real goal is to get ahead no matter what happens.
And that’s why you need to think, “What if the future is not as great as I think it’s going to be? Or what if returns are low single digits? Do I have my investments set up so I can still get ahead?”
This is the topic of this weekend’s Big Saturday Interview with money manager Lee Hull of Hull Capital Management. His new book, Less Risk, More Return, sets out a new standard for the average investor looking to grow and manage his 401(k), IRA and other investments successfully in the 21st century.
The Big Saturday Interview is now available as an audio file. To access the audio interview with Lee Hull, author of Less Risk, More Return, click the link below.
And to find out more about Lee Hull’s book, click here to read the introduction and to download the first four chapters of the book FOR FREE.
David Penn is Editor in Chief of TradingMarkets.com