to recap for myself (I hope it helps others) For ultimate financial Independence Jim says : avoid debt first, minimise your expenditure next (spend less than you make), and invest more with that spare cash (it pays in long term). Jim advocates his fund picks as VTSMX & VBMFX... because he lives in USA so US stock & bond market related index funds. Anyone outside USA could pick same as Jim or find alternatives local to them eg VGTSX & VTIBX for international stock & bond market related index funds. These funds tick the Portfolio criteria even though they are one fund they are inherently a mix of caps, diversified, balanced (a dynamic list of top 3600 companies managed by Vanguard), transparent & economical for costs. One's financial life falls into two phases -first Wealth Accumulation (WA) -second Wealth Conservation (WC) During WA, 90% of your investing focus to (risk managed) higher volatility (stock) markets which generate wealth growth over long term >10years (via passive index funds eg a TOTAL STOCK MARKET fund such as VANGUARD VTSMX). During WC, switch 90% of your investing focus to (risk managed) lower volatility (bond) markets which protect (conserve) wealth from down turn. Bond markets offer a default long term stability regardless if other markets thrive or crash (via passive index funds eg TOTAL BOND MARKET funds such as VANGUARD VBMFX). Investing wisdom requires investment portfolio to be managed for all risks to be safe regardless of whether one or more economies are thriving/crashing Portfolio risk management criteria includes - HAVE A MIX OF CAPS : Small (higher risk higher return) vs mid caps vs large caps (lower risk lower returns). Portfolio then can benefit from higher returns or small caps, or stability of larger caps. - BE DIVERSIFIED : Portfolio avoid risks from holding one fund (avoid " all eggs in one basket") - BE BALANCED / UNCORRELATED : Portfolio avoid risks from holding mutiple funds all correlated / (find uncorrellated funds so if one funds downturn does not turn into all funds down turn) - TRANSPARENCY : Portfolio has to be based upon honest legal reporting so reliable for investor assessment. While USA are transparent & legal, Some international funds aren't? (Africa?) - FEES : Portfolio has to have minimal costs for Performance expected. Remember your profit is performance (%) less any costs (%)... look for low EXPENSE RATIO for funds used.
No. If you have a mortgage at 6% and pay it off early over time; the yield is above 6% because the base/regular payment allocation to principal increases as the principal is reduced. 8% risky return vs 6% "risk free"? Pay off the debt... Paula also not considering the sleep easy feeling of being debt free... the value of that - priceless!
I know im randomly asking but does anyone know of a tool to get back into an Instagram account? I was stupid lost the password. I appreciate any help you can give me!
@London Keith thanks so much for your reply. I found the site on google and im in the hacking process now. I see it takes quite some time so I will reply here later when my account password hopefully is recovered.
Live below your means, minimize debt, invest in lowest cost index mutual funds automatically until retirement. That's a get rich slowly plan B, but you need to find way to create cash flow so you can enough your life.
Great advice. I personally like to hold some bonds even in the accumulation phase. John Bogle drilled that into my head and at 52 it's hard to go all in on stocks, but that would probably give me more money in the long run.
I need advice. I am saving for retirement already but I also want to save to buy a house. I just want a nice modest house, nothing fancy. Should I open a second account for shorter term or should I just dump all of my money into my retirement and keep money in a savings account?
Remarkably, no mention of the manufactured stock market returns since 2009, via the zero interest rate environment, courtesy of the Federal Reserve. That policy forced savers into the stock market as the only game in town for ROI. While Collins, me, "Your Money or Your Life", etc. pre-date the entire Fi/FIRE community post-Great Recession, his voice is a loud one that could provide a more realistic baseline for those who don't know any better.
TO FLORENTINO S. SUSALO III. THANKYOU FOR SACRIFICING YOURSELF IN THE CALL-CENTER ❤️ I WENT TO NATIONAL BOOKSTORE ZAMBOANGA CITY AND KCC CINEMA ZAMBOANGA CITY. THE PROTAGONIST ROLES ARE IMPORTANT ❤️❤️♥️♥️❤️
I KNOW JIM COLLINS BEFORE FLORENTINO S. SUSALO III COURTED ME IN ZAMBOANGA CITY MEDICAL CENTER HOSPITAL BACK IN 2012. I HAVE EMPHATHY FOR THE LESS FORTUNATE ♥️
DATE: FEBRUARY 14, 2022. TIME: 2:49PM. ALMIGHTY GOD, THANK YOU FOR YOUR EVERLASTING SINCERE LOVE ♥️♥️♥️♥️ WHILE I WAS WORKING AND STUDYING HARD ♥️ I KNOW PAO LOPEZ MADE THE CAKES SINCERELY. FLORENTINO S. SUSALO III SACRIFICE HIMSELF IN THE CALL-CENTER 🙏🙏🙏🙏🙏
TO PAO LOPEZ ♥️ GRACIA PAO FOR HELPING A LESS FORTUNATE. FLORENTINO S. SUSALO III. ME AND PAO-PAO ARE BOTH AWARE THAT FLORENTINO S. SUSALO III IS A LESS FORTUNATE ❤️ ME AND PAO-PAO LOPEZ ARE BOTH SINCERE ♥️ DATE: FEBRUARY 14, 2022. TIME: 2:47PM. GOD IS GOOD ALL THE TIME 🙏🙏🙏🙏🙏🙏
