I think that article is completely accurate

Fred is very very good at helping people get out of debt, but his seven-step plan is deliberately oversimplified. Anyone who gets to the point of having significant money to invest would be well served by seeing a financial advisor and thinking about a more sophisticated analysis.

That said, I’ve got money in my 401k in bonds from times past, but I’m not adding any bonds at the moment, because it really is a bad time to buy them. And when I found myself saying “growth-stock mutual funds” to my 83-year-old mother, I took a step back and said that with her aversion to risk and possibly short time frame she was better off staying out of it.

I just read the article on CNN

Although I have some of the same criticisms of his investment advise (All 4 investment categories are sans bond funds, the 12% rate of return though possible is most likely improbable, investing in loaded funds, etc.) I am a little surprised at the ferocity of the opposition from the professional financial community.

We (my wife and I) have been at BS 7 since 2007, got there using DR principles, but we have our own investment strategy that is not at all like the one DR professes.

Curious at what this community thinks…