I retired about a year ago now or two, and my main worry just like anyone else is running out of money, or going through a big market down turn and now I have to back into work. So the way I invest now is a lot more different than it was when I was trying to get to this point.
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1. There are a lot of factors to consider but I’m going to focus on 3
Asset class
Age
Amount of money vs needed money
Let's get right into it
2. I truly do believe that diversification for the most part is a waste of time
Unless you don’t know what you are doing
And unless you see it fit for your investments
My only investment is in the S&P 500
I hold 100% of my retirement money in this fund
If tomorrow America loses everything I lose everything
But I think, so will many people if something like that happens
My true fear is this:
We do something stupid as a nation and the market enters a depression
The market goes down and stays down for 20 years and we experience hyperinflation
This is unlikely but not impossible
Solutions:
Invest more money ( to have more than you need )
Diversify in different parts of the market ( I don’t think that'll work as well as people think, finances are intertwined)
Diversify into a different investment not related with the stock market
So here is what I came up with:
Once I buy or build a house and establish roots ( and that’s fully paid off ), I have the cash from the sale of my last property
I’m going to use the leftover money, plus my income and any surplus in my budget to buy or build rental properties
The math in my area is this, for every 60k I invest I can make about $400-300 a month
The best part is:
I only need 1200 to be living a good life, and 1600 to live a fancy one. So this would be more than enough
2 rentals will give me a good Cushing to be able to support almost a 40% market crash
Tip: find assets in different places, that you can invest with a limited amount of risk, to get you cash.
3. Age
Age is real and it matters ( I discriminate when it comes to this )
If you are 60 or 70, you can't just start over with the same level of effort obviously
And if you are younger then you can kinda have some room to play
My advice: I’ll keep this short
If you are in that older range
Make it so you need the least amount of money possible ( if you need to spend 3k, how can you spend 1000 )
Ideas, Debt free, and mortgage free
Notice I said need ( you can spend 3k if you have money, but you shouldn’t need 3k if all you get is 3k If you know what I mean )
If you are younger:
You can get away with less diversification like me
Beucase you have a lot of time to take advantage of the market
And when it does crash in your lifetime, if you’ve been smart and frugal you’ll have way more than you need
If I only need 500k but I have 1.2Million and the market crashes by 50% I don’t really care
4. Amount of money you have
If you have just enough to retire, then be careful
If you have a lot money more than you need ( it may make sense to buy bonds )
But bonds pay 4% and stocks 10%
Yeah but 4% of 2 million is 80k without risk
I’d take that in a heartbeat
It's more than enough, the game is not to die with a lot of money or need to worry about things ( instead to get financially free and keep it that way )
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