Hello! Last week, my brother texted me. I have two comments and an inquiry. . Develop Your Skills and Talents By Shawn Jenkins and Jonathan Mendonsa Shawn Have you ever considered your career to be like a brokerage account for financial freedom? Collins is not yet a household name for most people. I want to save well, support a company with integrity, and then leave it alone until retirement. This is the basis for the "Stock Series". At the time we bought a high-deducatable, $10,000 as I recall, catastrophic policy. Thank you for giving that to me. Very inspiring to learn more about you. Well, Brian gives a very succinct explanation of what the Federal Reserve is, certainly more so than I could do off the top of my head. If you own the asset, I believe the 60/40 allocation theory holds up in most cases. I hope this message finds you well. My plan is to choose to work as an investing research analyst after early retirement. Ive taken Mr Andrew Hallams advice and Ive invested in VXC, VCN and VUN. My best calculation is that dollar cost averaging into the S&P between 1999 and 2009 yielded an annualized 1.6% rate of return for me. With a blown mind I started to read the Stock Series, and well, the mind was already blown. Almost anything can fit if it captures my imagination and I think you might be interested. In our roth we have VTSMX,VGTSX, and VBMFX. I put a hold on this until I could review the tax implications. And it's very possible that one day you're going to wake up and your stock portfolio is cut by 40% or 50%. Id be grateful for your thoughts on two questions which I cannot find answers for (perhaps too basic for most readers). Wow, thats an interesting perspective. Doc G was spot on regarding so many points. Also, if you think it deserves it, please put a 5-star review of the book on Amazon. I immediately called Vanguard (told them the best marketing plan they could ever have was to buy 5000 of your book and distribute to seniors in college) I opened an IRA and started transferring all my 401Ks that were sitting inactive in bonds. Although, I had a question: I chose to reinvest my dividends to allow the account to buy more shares for itself to keep the investment running at full potential. And, of course, the house you get for that set price of money is dramatically different depending on where it's located. Looking to do a 60 equity to 30 bond to 10 REIT mix. Case Study #4: Using the 4% rule and asset allocations. What were your thoughts when you were watching that unfold? I am shocked and dismayed that you assume I am not fluent in Swedish! However I couldnt find an email for you. Twenty years from now, it may be that if you bought a house in Detroit, maybe this is the new renaissance city, and you'll be the one who has done very well. He is taking SS, small pension and has some rental income. But I stepped away from it because it just was too much like work and it was not the kind of work that I personally enjoyed. On the hunt for my next Finance book, I was recommended Your Money Ratios. What better person to feature on my blog than you. When I married my wife 4 years ago, she had an incredible amount of high-interest debt from years of bad money-management and putting degrees on credit cards. I didnt believe my friend at first so I looked it up, Ticker symbol: FZROX. Collins Complete DIY Manual - Albert Jackson 2004 JL's writing is sincere and without the conflicts of interest seen in so much of the financial literature. 6:10-10:03 J.L.'s sudden rise to fame. I am a editor of Business Today Megazine in Taiwan, nice to get in touch with you. I had no frame of reference to that point. Thoughts on which to choose? I guess there are many folks who are happy to accept this, because they enjoy the alternative luxury of free time. And do you have a sense of how much more poorly these socially-conscious ETFs are likely to perform compared to VTSAX and VTIAX? I am a polish publisher specialized in books about investing, trading, money. Very well written. I really appreciate the insight and speedy response. The other thing is, there is so much great information out there these days that wasn't available when I was first starting. Hope you can help. My friend was in a state of shock. I am thinking to invest in index or etf funds and I am pretty sure you have more than a couple of articles about that. The condensed version would contain 80% of your insights, but the reader will not realize it. And all of those companies that supply those things like furniture, and realtors, and mortgage companies, and appliance companies, all these people have a motivation to maintain the idea that owning a house is the best possible thing you could do. The rest is history. thx. There was a time when this was not consistent but is now. If you have any questions, please do not hesitate to let us know. Luckily, I am mechanically inclined and like hobbies, so I have a ready-made excuse when I am experiencing any Spitfire downtime. Not an ideal start to a marriage. Yes, I know the answer. This blog is right up my alley. major and live in New England (Rhode Island) btw, so I feel the connection is tripled! 3) We dont have total bond index funds here. I am curious how you would deal with this? . Somehow it jumps out at me every time I read it. First and foremost, Vanguard is owned by the investors in Vanguard funds. Benz: What was your career path prior to you becoming a financial blogger? Having read your book, I will take your guidance to be VTSAX. They very much match your own. Download The Simple Path to Wealth PDF book free by J.L. If not I thank you for taking the time to read this message all the same. Hi Jim, No need to post this mate. Didnt you write on article on creating a charitable foundation with Vanguard? VTI is the ETF version of VTSAX, the fund I recommend. So, anyway, there are always times when houses can be made to look like the best thing that you've ever done. 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. 1. After a downturn several years ago, my husband and I took money out of the market and put it into cash. Id love to get your input. You are never too old to adjust your investment holdings properly, and certainly not at the tender age of 59. It is staying the same, yet the account grows with the stock market. I am curious to learn if given these changes, your advice and plan are different than what was written? Then I found the bogglehead forum and learned about index funds. Im losing the faith. yer grammer be fine far as me can tell. I would have written off a thought like that as saccharine and inane a few years ago, but now I realize how empowering it is. I'll answer the second part first. We have a son in elementary school. I stumbled onto your blog this morning and have been reading since. And I know that from experience, not only my own, but watching other people, that if you get money right, your life is far easier and more opportunities and rich and rewarding than if you don't get money right. Of course, the corollary of that, if I'm right, unless it's some huge gain or it's not going to move the needle very much otherwise. Was in touch with Anna previously but it didnt work out. So, mistake number one. Being that I am not sure as to whether I will have enough income to max out my 2023 IRA contributions, do you recommend saving what I have now to invest with my IRA next year or investing now with my brokerage account? Looks like you are in Europe, so this post should help. Then we learned that if we invested a certain dollar amount with American, we would pay no sales charges. His first book, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life was published in 2016 and has been an international best-seller. That said, please feel free to ping me when you have something you think would be of particular interest. This is my main fear at the moment. If the idea of moving to index investing makes sense to you and you are ready to make the change, that is what you should consider. But I tried too hard. This advisor put us into American Funds. Life feels easy now. Proposal I would be honored to visit with you about giving a grant that would be matched toward the purpose of growing the financial wellness of leaders and teachers. Since I used to be a Microsoft employee, I still have all my stock with them. The Simple Path to Wealth is now Published! Thanks for keeping it simple and safe for people like our Fire fighters. Painfully, I will have to consider the paid sales charges as costly mistakes. But now I feel like such a fool. Therefor I ask your permission to publish a blog with most of Stock Series translated to Hebrew, keeping your full credit. If you are interested in my ideas, they are all laid out here in the blog and in my book. I have a question on the actual return. Mr. Collins Personally, I dont feel the need for international for reasons I outline here: https://jlcollinsnh.com/2012/09/26/stocks-part-xi-international-funds-2/. I will wait till you come back. Ill keep an eye out for yours. If you are so inclined, a short version of it would make a wonderful 5-star review for me on Amazon. Look forward to your reply to my mail. Wait for them to fall again? Other than these 3, we have corporate bonds, whcih arent that realiable. And depending on the price point, and Tesla things came down pretty dramatic recently, I might be looking at something like Tesla. He just opened his first Roth IRA. Thanks for writing and sharing these ideas. This feels scary, because it is bound to go down, and it leaves me wondering whether I should sell now. And I think with the idea that there is a sense in some quarters that this whole pursuing financial independence somehow isn't available to African Americans and their book talks about why it is and how it is, and it does a great job. And there's nothing wrong with indulgences. A bit about myself I am in my late 30s and after years of medical training just started my first real job as a physician, however, even though my monthly income is > 10k Im still struggling check to check. Fellow NH Native! Thanks for your help on this! Now corrected. With Finllect, users can automate expense tracking and categorization, access gamified budgeting tools, and personalized in-app rewards catered to each individual on our platform. haha. And what was the impetus for you to get started sharing what you had learned with a broader audience via your blog and your books? They are justifiably famous. we decided NO WAY! I kind of wish Id gotten to it sooner. I think it captures blogs essence perfectly. Good luck, and if you figure it out please report back. I'm excited, thanks. But when I listened to him being interviewed, he strikes me as an incredibly bright, incredibly thoughtful guy. Thank you very much and I hope to hear from you soon! Maybe you can address this feeling and how to deal with it in a blog post? When you argue for deferring consumption to your later years, lots of people, quite rightfully so, think that it wont be as effective. Now imagine instead of a buying a treasury from the US government I decided to put my money in a general bond fund. With that being said, should I own some precious metals to hedge? Our software helps self-directed investors automate their investments in their brokerage account. Thanks for all your content! Thanks. I wish I had your e-mail address to send you a proper thank-you message for the work youve been doing lately. Im writing here not only to thank you, but to ask a question (and I couldnt find where else I could send this ) I write stories in my spare (and not so spare) time, and Ive created a character that is most definitely inspired by you and your blog. When we got off the phone she said under her breath, Thanks JL. And, of course, I had no idea that he'd done that. Beyond the Stock Series, and togive you some idea of what else around here resonates with the regulars, these are the Top 5 most popular posts: To help you get started, check out the sidebar for lists of the Most Popular and Most Recent, along with the Archives, and Categories. Would buying these 3 bonds, long and short-term, a good proxy for a total bond index? but I am afraid Im not going to be able to be much help. Doctors especially need this. Stocks -- Part VIII: The 401K, 403b, TSP, IRA & Roth Buckets. Without Benz: Just to follow up on that, does that give you pause given that it seems like by most measures, non-U.S. stocks are inexpensive relative to U.S. today? My mother would have liked to think I would be in any event . Things have changed with the SECURE Act (which was not in place at publishing), requiring the ROTH to be consumed/withdrawn in full by an heir (not all situations apply) over 10 years. Thanks for your reply, and happy to know you read my site. I know you dont recommend investing in a single company, but Microsofts stock has been performing exponentially for the past 10 years. I am a great fan of you from Italy and wonder when is expected to have available the italian version of your book. Hey there Jim, Im planning to move to NH for the favorable state tax features, a quieter life, and the cooler climate. If so, can you send the details? Thank you again for making finances approachable! But in my world, you need to think of it also as a part-time job and whether you try to find a property manager or you manage it yourself. Appreciate your thoughts, Hope you are doing well. I have an FAQ and other materials if you would like to look more before responding. For someone young like my daughter, who's 27, I tell her all she needs to do is buy VTSAX, the Total Stock Market Index fund . First I read Richest man in Babylon. I don't see real estate as being passive. Please add me to the blog post emails. And that's the case with most speculations. Courtesy Rory Green We are often asked what it was like growing up as the daughters of Jackie Collins. That's just gambling. A few things have gone our way, we lived in a self converted Dodge sprinter van for the last 2 years of college (this is what people used to do with houses when they were affordable right? Jack Bogles books are a nice fit with mine. I was wondering if it is better to select an ETF from Vanguard vs. a Mutual fund that represents VTSAX. Dear Mr. Collins, This has confused me. The only reason to consider either is if you have dependents who rely upon your income. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Collins: Well, Jeff, I refer to that as having the disease. Please let me know it this is a similar index! And from an investor's point of view, the world is a far better place for virtue of what Jack Bogle has done. Thank you for distilling your wisdom and sharing with the world. Big fan of you and spreading your words down here Hello! Uploaded by: Ana Skywalker. As the Indian market comes under closer scrutiny, assuming it does, I would expect indexing to begin to outperform. I plan on putting in $500 every month to start with. I will be calling Canada home soon which is why Ive opted to trade on the TSE. The idea that the U.S will default on its debt. From 1989 to 1995 my wife and I were taking unpaid sabbaticals. I am sure I am going to go with vanguard. Actually, as we talked about earlier, Mr. Bogle brought out his first index fund the same year I started investing, but that didn't benefit me for the reasons we discussed soon enough. That is not bad. I have not had a chance to read the book yet but I have listened to a bunch of interviews and I am hooked. 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. It takes virtually none of your time. Is that deductible in the same way as giving to the actual charity. Tony Vogel So, as Jack Bogle once said, performance comes and goes, but fees are forever. Any interest? I am the rights manager of China Youth Press, located in Beijing, China. Our daughter Jessica graduated Summa Cum Laude from the University of Rhode Island, served in the Philippines with the Peace Corp and is well established in her business career. Invest in Index for accumulated growth Please email if so. I would be honored to receive a reply. Thanks for your time in reading this. I think in the end it was a cheaper route to go but I definitely did not need to tack on the extra $10K in loans, I could've worked, I shoulda woulda coulda. Consignment Shops: Best business model ever? Blessings for your continued work and impact. But probably the biggest one is that it took me so long to embrace indexing. March 13, 2020 was a good time to be buying Vtsax as it was around $60. But I think for most people, it's going to end in tears, or it probably already has ended in tears. Our guest on the podcast today is author and blogger JL Collins. Pretty much all mention your stock series and I cant get enough. Check out the interview schedule/archive thread: https://www.reddit.com/r/financialindependence/comments/65tdwj/schedule_for_semimonthly_rfinancialindependence/. Big fan of the book from Virginia. Waiting and hoping my asset allocation and withdrawal strategy are strong enough to withstand the worst of the storms ahead. Hi JL, just read and loved your book and stock series. So far, the first iteration of our product has received a record 89% stickiness amongst 600 early testers. I spent the last year off from school and consistently invested a large portion (60-90%) of my income. Are you part of the growing community of investors who want to invest in companies with socially responsible business practices? under your original comment here: https://jlcollinsnh.com/2011/06/03/my-short-attention-span/, youre gonna have to start reading this blog a lot closer, my friend.

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