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Reading of Mark F. Stone’s poem “The Wisdom of Ric Edelman” by Ric Edelman on his show available here: https://www.thetayf.com/blogs/this-weeks-stories/the-wisdom-of-ric-edelman
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The Wisdom of Ric Edelman
Tush on the sofa and heels on the hassock.
Buying a fancy car, new or a classic.
Drinks with umbrellas, imbibed on the strand.
These are the golden years that we have planned.
Fruitful investing is hard to intuit.
Learning the basics will help you get through it.
How can you grow your retirement coffer?
Ric has some nuggets of wisdom to offer.
What should you purchase? Each fund has its facets.
Why are there so many classes of assets?
Ric’s learned counsel is simple and terse.
Own some of each so your nest egg’s diverse.
When one of the classes of assets you own
grows faster than others, you might then be prone
to just let it grow; one can see the attraction.
Rebalancing, though, is the more prudent action.
Don’t fret when the market is falling or rising.
Invest every week with a long time horizon.
A pittance saved weekly for decades, compounding,
will yield a remittance that’s truly astounding!
Saving for college should start right at birth.
Growth over decades will maximize worth.
It’s easy to set up a 529 plan.
Growth is tax free so it’s really a fine plan.
You may not develop a nest egg as stellar
as those of Jeff Bezos and John Rockefeller.
But using Ric’s wisdom assiduously
will render your nest egg the best it can be!
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Poet’s Note: Ric Edelman is an award-winning financial advisor and author, the founder of Edelman Financial Engines, Inc., and the host of The Truth About Your Future daily podcast. Mr. Edelman read the poem during his podcast on January 20, 2023.
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Mark F. Stone worked as an attorney (active duty and civil service) for the United States Air Force for 33 years and is retired. He began writing poems in 2005, as a way to woo his bride-to-be into wedlock. His poems have been published by Light, The Ohio Poetry Association, The Road Not Taken: The Journal of Formal Poetry, the Society of Classical Poets, Whatfinger News, Ric Edelman’s The Truth About Your Future podcast, and the Seeking Alpha Alpha Picks podcast.
I would like to thank Ric for graciously including my poem in his podcast twice (last year when he read the poem, and last month when he included an audio of me reading the poem). By the way, his The Truth About Your Future podcast has a ton of fascinating information on investing, exponential technologies, AI, cryptocurrencies, aging, parenting, health, and more, and it is free.
Many thanks to you, Mark! I’m honored that you found my work worthy of your art!
Ric Edelman
Very interesting for so many reasons. Thank you for sharing.
JD, You’re welcome! Mark
Mark, thank you for this poem of good meter, good rhyme, and good advice. I enjoyed Mr. Edelman’s rendition.
Mary, I’m glad you enjoyed it. Mark
Wonderfully advice in a well-planned poem of diversifying assets. Love the poem and advice.
Roy, Yes, diversification is important. One exception is that, when it comes to choosing where to publish one’s poems, a concentration on SCP is permissible.
Great stuff.
Cheryl, Thank you for your comment! Mark
It’s always the discipline that’s tricksie with investment plans and schemes! But I wholly agree with the sentiments. And is it the case, Mark, that now your investments are maturing, you’re a prime touch for a loan, or do I go to Ric Edelman?