Age 75. 80% individual stocks and 20% options --- and, yes, I know this is not typical or recommended by financial planners. Am a retired CPA. Have always viewed the stock market as my window to the world. I've gone to Omaha to listen to Warren Buffett. I own companies that rent airplanes to the world, have a conveyor belt for sand in the desert, and sell cars to people who have a credit score of under 400. All are fascinating operations. And yes, I own a semi-conductor company that is putting 200 billion transistors on each chip -- do you realize how incredible that is? At a rate of one number per second, 24/7, it would take you over 6,000 years to count to 200 billion. For me - a 100% stock portfolio is the adventure of a lifetime.
Jonathan - best to you and your family. Like others here, I've been reading since the WSJ days -- and I adopted many of your good ideas -- which have made my life better. You have touched many of us...
Jonathan - Another variable for many is marriage status. If filing MFJ, one day a spouse will pass and the surviving spouse goes into the (much higher) single tax brackets. There are many variables when a spouse passes, but don't forget to think about the surviving spouse's income tax burden. And, in general, the prospect of higher income taxes make Roth conversions more attractive.
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Age 75. 80% individual stocks and 20% options --- and, yes, I know this is not typical or recommended by financial planners. Am a retired CPA. Have always viewed the stock market as my window to the world. I've gone to Omaha to listen to Warren Buffett. I own companies that rent airplanes to the world, have a conveyor belt for sand in the desert, and sell cars to people who have a credit score of under 400. All are fascinating operations. And yes, I own a semi-conductor company that is putting 200 billion transistors on each chip -- do you realize how incredible that is? At a rate of one number per second, 24/7, it would take you over 6,000 years to count to 200 billion. For me - a 100% stock portfolio is the adventure of a lifetime.
Post: Is a 100% stock portfolio reckless?
Link to comment from June 22, 2024
Jonathan - best to you and your family. Like others here, I've been reading since the WSJ days -- and I adopted many of your good ideas -- which have made my life better. You have touched many of us...
Post: The C Word
Link to comment from June 15, 2024
Jonathan - Another variable for many is marriage status. If filing MFJ, one day a spouse will pass and the surviving spouse goes into the (much higher) single tax brackets. There are many variables when a spouse passes, but don't forget to think about the surviving spouse's income tax burden. And, in general, the prospect of higher income taxes make Roth conversions more attractive.
Post: Self-Inflicted
Link to comment from June 29, 2022