By reading Random Walk on Wall Street one learns the winning index investing strategy and history has shown it to be 100% true
And 100% stock when starting your investment journey
IN FLA many of us are underinsured as the rates are through the roof and from times terminated and move to another company. The values of our homes will definitely go down but no state income tax and utility rates are quite reasonable. Many will decide not to retire to Florida
The reason many use advisors is lack of financial education. The simplicity of index investing is black and white. Anyone paying .5-1% on all assets over ones lifetime is paying over a million dolled do it ars in fees. Read a few good books and be a DIY investor. The real difficult part is controlling your emotions and having an AAmodel you are comfortable with. My philosophy was can I emotionally tolerate a 50% loss in my equities. Read as well Simple Wealth by Nick Murray; it might convince you a 100% equity portfolio in accumulation phase of your career is quite appropriate. The permanent trend in equities is UP!!!!
What advice financially should you give your recently married daughter with 50% of marriages ending in divorce. Should all liquid non IRA assets be commingled as I believe?
I was most influenced by the writings of Burton Malkiel and Jack Bogle. Once you read their books you will be on the best path to wealth creation investing throughout your life in stock and bond index funds. Fifty plus years of proof in the pudding
Wishing you the best and as a daily reader your website it has been a tremendous source of financial information to myself and many others. Keep your head up and hope for more time than you think
Comments:
The key is to start investing early; 10-20% of gross income Saving + Index Investing=wealth
Post: Revising Retirement by Marjorie Kondrack
Link to comment from December 28, 2024
By reading Random Walk on Wall Street one learns the winning index investing strategy and history has shown it to be 100% true And 100% stock when starting your investment journey
Post: No Barriers to Entry by Jonathan Clements
Link to comment from December 28, 2024
IN FLA many of us are underinsured as the rates are through the roof and from times terminated and move to another company. The values of our homes will definitely go down but no state income tax and utility rates are quite reasonable. Many will decide not to retire to Florida
Post: A new glitch in retirement planning to consider
Link to comment from December 25, 2024
The reason many use advisors is lack of financial education. The simplicity of index investing is black and white. Anyone paying .5-1% on all assets over ones lifetime is paying over a million dolled do it ars in fees. Read a few good books and be a DIY investor. The real difficult part is controlling your emotions and having an AAmodel you are comfortable with. My philosophy was can I emotionally tolerate a 50% loss in my equities. Read as well Simple Wealth by Nick Murray; it might convince you a 100% equity portfolio in accumulation phase of your career is quite appropriate. The permanent trend in equities is UP!!!!
Post: Costs Matter
Link to comment from November 30, 2024
What advice financially should you give your recently married daughter with 50% of marriages ending in divorce. Should all liquid non IRA assets be commingled as I believe?
Post: Advice for the Kids
Link to comment from November 9, 2024
Used them for car rentals at a great saving
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Link to comment from July 17, 2024
I was most influenced by the writings of Burton Malkiel and Jack Bogle. Once you read their books you will be on the best path to wealth creation investing throughout your life in stock and bond index funds. Fifty plus years of proof in the pudding
Post: What got you interested in investing?
Link to comment from July 17, 2024
All eggs in one basket is the obvious way to go. KISS is the simple way
Post: All in One Place
Link to comment from July 1, 2024
Compounded Interest-the 8th Wonder of the World Started Roths for my kids as young teenagers with office jobs and now at 350k in late 40's
Post: Go Big Early
Link to comment from June 20, 2024
Wishing you the best and as a daily reader your website it has been a tremendous source of financial information to myself and many others. Keep your head up and hope for more time than you think
Post: The C Word
Link to comment from June 15, 2024