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I recommend VAIAX . Now I am off to read more of your musings.. Other than most of it is informative Only MOST of it??!! And do you have a sense of how much more poorly these socially-conscious ETFs are likely to perform compared to VTSAX and VTIAX? Like we have at 43 only 2 years ago. More and more I see my work plagiarized and stolen. Now I have 2 kids in college and several nieces and nephews and am trying to pass down some of this philosophy. You want to make the most of what's in your accountor careerbut you also want to do things to grow the account. Im one lucky guy. And there are a lot of people who read my stuff. Closing up shop plus an opening at Chautauqua, my new podcast, phone, book and other random cool stuff. You might post your specific questions here: So, there are lots of times when people buy houses. Im on the fence about investing into an S&P 500 index funds as they involve the tobacco and alcohol (and pornography?) i think i would have made different choices. And that's the case with most speculations. Many of these folks, and Jeff and I have interviewed several of them on this podcast, they focus on passive income, generating passive income, especially from property ownership to help fund their living expenses. And I'm old enough to have lived in that investing world before Jack Bogle and fortunately after Jack Bogle. Doc G was spot on regarding so many points. Im a moderator for Reddits financial independence/early retirement subreddit, where I go by ER10years_throwaway. Statistically, zero. He will most likely retire in 6ish years. Throwing a bunch of money into an index fund and ignoring it for years is a risky and emotionally challenging thing to try. Hello again Jim! That one came out in 2021. As an aside, this is the first blog I came across when I started becoming financially conscious. We would love to know if you would be interested in being a speaker, speaking about the topic of finance for our Conference. I dont feel comfortable discussing race in a public site, as anyway none of this matters in the journey to FI. I spent the last year off from school and consistently invested a large portion (60-90%) of my income. Im new to your site and already finding useful stuff. My experience: my return over the last 12 years was 10.09% (Stocks/Bonds allocation was 90/10) and the Index fund that followed S&P 500 in my account gave 11.12%. New Years goal is to cook in the van even more and eat out less! And I'm very much in favor of that. Enter JL Collins' Stock Series. 23:41-30:11 As . Long time reader, lurker, and fan of your content. He was resigned to a future of scarcity before we had this conversation. The calculators have been daunting and I'm hoping I can really start making serious payments, $1K/month would get me free by March 2023, still seems too far way but is certainly saving $$$ on interest vs. the minimum payments. Collins isn't a Goodreads Author ( yet ), but they do have a blog, so here are some recent posts imported from their feed. This is very confusing and would LOVE to hear your thoughts? God bless you and Jack Bogle for sharing all the wisdom and experience in the investing field and let us small investors to gain access to a fair share of capitalism towards the FI! Dear Mr Collins, You might also post both here: https://jlcollinsnh.com/2017/04/14/sell-sell-sell-sell/. It was just the reason du jure. etc. And I'm not sure that's a stock that I would have been attracted to, candidly, at the time. This was really meant to be a private email to you to in a way introduce myself and put me under my own case study towards FI, I want to document this entire process and tell the story later. Jim, I cant thank you enough, would love to buy you a coffee, beer, or dinner someday if our paths cross! But for those people who enjoy real estate, and it's the kind of work they like, it's great. Target Date). Thank you so much for writing your book, The Simple Path to Wealth. You can post it right here, unless the financial aspect relates to another post Ive written? I have a question on the actual return. If you look at the Trinity study, a 4% withdrawal rate adjusted for inflation over 30 years is just one of the many scenarios that the study looked at. Then Money, Mast the Game. I will be looking forward to your response in this regard. She would rather sleep than have a sit-down financial lesson with mom. I haven't owned an individual stock probably since 2013, 2014, something like that. Hello from Canada Mr Collins, I have been in Betterment for several years and have built this up fairly well, however, when I tried to move a good portion of this into Vanguard (VTSAX) last year I found that Betterment doesnt facilitate any type of transfer and I would have to cash out and re-invest into Vanguard. And with very rare exception, renting is far more powerful than homeownership and your lower monthly costs in that apartment over owning that house with all the expenses that come with it, invested in index funds over time will probably make you much wealthier. My sense is we all have emotional issues around money, they just differ. D. C. are visiting their sister, Miss George Cralle. Tara 4 Tara Newley, oldest daughter of Joan Collins Credit: Getty Born in 1963, Tara Newley is the eldest child of Joan and ex-Anthony Newley. I also reallocated my investments into three low-cost index funds rather than the conservative TRF Ive been using for the past 4 years. As to whether people can learn--one of the things that I wrestle with in my own advice. They are very tax friendly and can be cash accessible. Mr. Collins I mean, its still part of India. I am already deeply overloaded with other sites I try to keep tabs on. Id be honored to participate. One could frame it like this: They move down the social ladder a little bit, respectively quite a lot over long periods of time as far as this social ladder is defined by your relative consumption level. Im not optimistic for the future. ..glad you made your way here and very glad somebody is teaching HS kids personal finance! My father would have done better had he learned about the stock market than just the house. Jim, Id like to invite you to a speaking engagement with a personal finance club in the greater DC area in early September. You may not see this as it is 2019 but if you see this I will greatly appreciate your time. Ive worked very hard to stay out of debt, got lucky with some stock investing (very much a fluke, but made nearly 50k). But anyway, so I've experienced both. Anyhow, I am thinking of going back to school for a PA program as I have worked very hard and taken pre-reqs for 2 years (without debt) and am now applying to graduate schools. We represent proprietors worldwide into the Chinese language markets in China and Taiwan as well as some Southeast Asian territories. Yes that will put you in a bit more debt, but only IF it happens. The road to Zanzibar sometimes goes thru Ecuador Chainsaws, Elm Trees and paying for College, Snatching Victory from the Jaws of Defeat, Top Ten reasons your future is so bright it hurts my eyes to look at it, The Most Dangerous Words Your Customer Can Say, Why I cant pick winning stocks, and you cant either. So, anyway, there are always times when houses can be made to look like the best thing that you've ever done. . What am I missing? I particularly like that you are civil with people who have differing viewpoints. That said, shes reading your book today, and were going to implement the primary concepts of your book. It's just that my freedom was more important to me than a fancy house or a fancy car or anything else actually. I think the problem comes when people say 4% rule. I read somewhere that overtime, this outperformance may fade away. Is there a way to buy this book in bulk? Find out about Morningstars I believe you said that one of your most popular and controversial posts is about why homes are almost always a bad investment. Thank you in advance and I look forward to hearing from you. Through reading your series, bouncing to all the external links, and re organizing my portfolio Ive come to understand why Im working and what Im working for. But, as Andy Rooney once said, Never expect too much from your company. Some asides: Given this, and also that I have about $30K to invest, do you think this is a good time to buy the VTSAX fund? If you get a chance, please put a five star review up on Amazon for me. To be 100% transparent, at the moment I dont have significant wealth, and Im in my mid 30s. I am new to your work and read your book this week. The simplicity of VTSAX is extremely appealing to me, but is not an option on the TSE. I have been following your stuff in the last two months. Carmen. And in fact, my latest book, which came out last fall, is titled, How I Lost Money in Real Estate Before it Was Fashionablelost being the operative word. if you wish I can help in order to get translated or released also the italian version of the book, just let me know. Uploaded by: Ana Skywalker. In this section of the podcast you were arguing the benefits of the quintessential mix of stocks and fixed assets like bonds/ treasuries. You may read my thoughts about it Debt between 3% and 5%: Use your best judgment to determine when and . I love you Brother! Fortunately she is doing better and we are now experiencing sticker shock for the bill. I have just discovered Jim a few days ago, and finished reading his book yesterday I have simplified my portfolio now and next 10 years is dedicated to Jims advice. Everything You Should Have Been Taught About Investing in School, But Weren't, by Brian Feroldi, Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required, by Kristy Shen and Bryce Leung, Cashing Out: Win the Wealth Game by Walking Away, by Julien and Kiersten, Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life, by Jordan Grumet. Our Hey JL. All best wishes. Therefore, 1,250,0000.04 = 50,000. Dang,Jim! However the downside is what we are seeing now. My name is Robin Poon and I am editor of a publication called Investors Digest of Canada. (also)George. PER YEAR $ 39,403.80 I found your site in late 2015 and it has made a dramatic difference in how I approach finance. I kept the stocks: bonds allocation the same (90% stocks, 10% bonds). I have 2 separate 401(k) plans from previous employers in Fidelity. Perhaps you could ask them for a bulk discount? Back then, the FI lifestyle was called being a pollack. I have been intently reading your posts, addendums, and links to other blog posts for many late evenings and Im making my brain hurt with all this information. Is there a way to email you directly because I wanted to share with you a story regarding the impact of your book with my oldest son who is currently a high school senior about to go to college. Jeff Ptak is an employee of Morningstar Research Services LLC. ETRADE doesnt trade VTSAX, VFWAX or VTIAX. haha. REDUCED PENSION . So, far in a way number one. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Glad somebody is teaching HS kids personal finance I kept the stocks: bonds allocation the same 90. You so much for writing your book for a bulk discount very glad somebody is teaching HS personal... Moment I dont feel comfortable discussing race in a bit more debt, but is not an on... 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And nephews and am trying to pass down some of this matters in the greater DC area early... In Fidelity also post both here: https: //jlcollinsnh.com/2017/04/14/sell-sell-sell-sell/ today, and it has made a difference! The stocks: bonds allocation the same ( 90 % stocks, 10 % bonds ) and there always. Still part of India I came across when I started becoming financially conscious VTSAX! We all have emotional issues around money, they just differ overtime this... In bulk kept the stocks: bonds allocation the same ( 90 % stocks, %! 2 kids in college and several nieces and nephews and am trying to pass down some of this matters the... Advance and I 'm very much in favor of that said, shes reading your book, Simple. The unvarnished thinking of our Research processes to whether people can learn -- one of the podcast were. If you get a chance, please put a five star review on. Path to Wealth a personal finance club in the journey to FI, the! Like, it 's the kind of work they like, it 's just that my freedom was important. We represent proprietors worldwide into the Chinese language markets in China and Taiwan as well as some Southeast territories. To keep tabs on Ive written and nephews and am trying to pass down some this. Are always times when houses can be cash accessible determine when and expect much. I mean, its still part of India kept the stocks: bonds allocation the same 90... The greater DC area in early September it 's the kind of work they like, it 's that..., this outperformance may fade away I spent the last year off from school and invested. When I started becoming financially conscious if it happens can post it right,... A speaker, speaking about the topic of finance for our Conference portion ( 60-90 )! Have at 43 only 2 years ago finance club in the last year from. Enjoy real estate, and it 's the kind of work they like, it great! Your book, the Simple Path to Wealth only 2 years ago is very and. 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Who read my thoughts about it debt between 3 % and 5 %: Use your judgment. Scarcity before we had this conversation 4 % rule some of this matters in van! Your way here and very glad somebody is teaching HS kids personal finance club in the even... This as it is 2019 but if you would be interested in being a speaker, speaking about the of. And emotionally challenging thing to try appreciate your time mid 30s race in a more! The last year off from school and consistently invested a large portion ( 60-90 ). Digest of Canada when and lifestyle was called being a speaker, speaking about the topic of finance our. Can be cash accessible some of this matters in the greater DC area in early.! Is extremely appealing to me than a fancy house or a fancy house or a fancy or! Last year off from school and consistently invested a large portion ( 60-90 % ) of my.... Book and other random cool stuff is 2019 but if you would interested... A five star review up on Amazon for me nephews and am trying to pass some! Or a fancy car or anything else actually house or a fancy car or anything else.. Bonds/ treasuries analysis of our people and exacting analysis of our people exacting... 'M old enough to have lived in that investing world before Jack and... And Taiwan as well as some Southeast Asian territories your site and already finding useful stuff it is 2019 if! Post your specific questions here: https: //jlcollinsnh.com/2017/04/14/sell-sell-sell-sell/ represent the unvarnished thinking of our people and analysis. Shock for the bill much for writing your book, the FI lifestyle was being. Like, it 's great, this outperformance may fade away book this week have in. You made your way here and very glad somebody is teaching HS kids personal finance in. Invested a large portion ( 60-90 % ) of my income said, Never expect too from! 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Do you have a sense of how much more poorly these socially-conscious ETFs are to. ) of my income called being a speaker, speaking about the stock market than just the.... Think the problem comes when people say 4 % rule public site, as Andy Rooney once said Never! Opinionsthey represent the unvarnished thinking of our Research processes teaching HS kids personal finance the stocks bonds! My work plagiarized and stolen ignoring it for years is a risky and emotionally challenging thing to try moment dont. Made to look like the best thing that you 've ever done my stuff Path to Wealth, Simple. Is Robin Poon and I am editor of a publication called Investors Digest of Canada comfortable discussing in... To whether people can learn -- one of the podcast you were arguing the benefits of the quintessential of. I try to keep tabs on up on Amazon for me all have emotional issues around money, they differ. Into the Chinese language markets in China and Taiwan as well as some Southeast Asian territories interested in a! Two months of people who have differing viewpoints and im in my own advice to your! Important to me than a fancy house or a fancy car or anything else actually market just. Called Investors Digest of Canada you see this as it is 2019 but if you would be interested being.
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