Congrats on your retirement,or whatever it is.Im not one of those people who thinks that you have to keep working or you die.I dont get bored easily.I can always find something constructive(or at least amusing)to do.Personally,I could retire right now,and live happily another 40 years without ever thinking I was wasting my life.In fact,quite the opposite.I think work is gonna kill me early,if anything. In short, it sounds to me like you are thinking about this correctly. One option would be to pay the bill off monthly. And I'm very much in favor of that. Hope you enjoy poking around. Should our investments be 50% total index equities and 50% index total bond market ? I have a weekly podcast and would love to have you as a guest on it. Hi JL. However, when the market dropped ~30% last February, I still thought it was a good idea to sell half my bonds and exchange them for stocks. I could pay interest as school goes, perhaps. You would possibly be interested in a new case study? Is FID 500 Index similar to VTSAX? I want to grow the pools, then maximize them for tax-efficiency, charitable giving, and to benefit my heirs. Pavlin Yakimov. 6:10-10:03 J.L.'s sudden rise to fame. thank you so much and i hope you keep updating your blog. I would appreciate any advice. I now, am no longer worrying about our retirement thank you sir, I bow to your wisdom. But that could come when you're 30, if you've achieved financial independence, as many people do, and you say, OK, I'm going to not work anymore for a while. Then you probably want to add some bonds to take the place of the cash flow that you used to have to smooth the ride. Justin. Opinions expressed are as of the date of recording. More and more I see my work plagiarized and stolen. Im beyond curious what you make of todays volatility compared to when you wrote your book. And there are a lot of stories, kind of like the meme stocks, of people who buy houses, and the house goes up dramatically, and they do very well. Thank you for considering. Like you said in your book I should've been eating the rice with ketchup instead of the sushi dinners but it seemed so normal to go out for every meal! 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. Thank you for taking the time to share your experience and insight? But I tried too hard. After a downturn several years ago, my husband and I took money out of the market and put it into cash. Mr.Collins, JL's latest book is How I Lost Money in Real Estate Before it Was Fashionable. Is there another option to invest in smaller amounts over a period of time ? Your guidance is also congruent with Albert Einsteins eight wonder of the world compound interest. They are always a drain on your financial resources, not just with the mortgage, but with the taxes and with the maintenance. One Taiwanese publisher is interested in the complex Chinese rights of The Simple Path to Wealth, could you please ask your agent to contact me if the rights are still available? As Im just beginning to reallocate my funds to invest in Vanguard ETFs, I do have a question on whether it would be better to invest in VTI (Total Stock Market) or VOO (S&P Index)? Interesting question. 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. She is the younger half-sister of Simon Collins and Joely Collins, who are Phil Collins 's children with his first wife, Andrea Collins; and older half-sister of Nicholas and Matthew, Phil's children with his third wife. COLLINS. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Your blog helps people see in simple terms that they can have more choices and control over their lives. https://jlcollinsnh.com/2014/01/27/stocks-part-xxi-investing-with-vanguard-for-europeans/ 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. Its now at $81.00. I cant thank you enough for what youve put out here and I hope one day our lives cross paths. Courtesy Rory Green We are often asked what it was like growing up as the daughters of Jackie Collins. LUCRETIA. That is when I found your book I finished it 2 hours ago. And I think that's another stock that's been beaten down recently, and I imagine probably has some potential. 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. The author of "The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life", Mr. Collins offers easy-to-understand, effective guidance and resources to understand investing with confidence. Obviously, it proved pivotal to the success that you've had. It sounds like it was a trial by error to a certain extent. Or any books you recommend. I'm not going to go near that again. So, I think that's probably the reaction. What is the best place for a 70 year old to place some money into investments. I am just getting ready to retire and roll my 401K which is already in Vanguard through my company and am considering leaving in with Vanguard and just moving everything to Vanguard Total Stock Index Fund. But other than that, at this point in our life with our daughter off on her own, we don't own a house and we spend our time wandering around, which is a great lifestyle. Apple, Amazon, Tesla and, of course, BRKB. If your time ever allows, Id love to have a cup of coffee over a video call to thank you, and ask a few questions to help me over the final hurdle as I summon the courage to step away from a career that pays well, but leaves me numb inside. Collins is not yet a household name for most people. Weve started a feature where we host people whove had a significant effect in pushing the FI/ER movement forward for a Q&A session with our subscribers, of which we have ~300,000. Also, Hi Mr. Collins. Scott. If you do, I think youll regret leaving such an inappropriate and downright bigoted comment. I am grateful to you. I have forwarded your contact info to my agent. thank you very much for sharing your investment advice. Well done! Good luck, and if you figure it out please report back. Ptak: I wanted to shift and ask you about retirement income. Download. Collins: I think there's been a lot of hand-wringing about the 4% rule of late in the last few years, and it kind of reminds me of a few hundred years ago, theologians evidently were debating about how many angels can dance on the head of a pin. I am looking for websites to publish sponsored articles with a link back to Laura and Zinnia Morris. Is there a way to buy this book in bulk? I was surprised that in your book (chapter 30) you advocate for using (withdrawals in retirement) taxable investments as compared to using your Roth IRA investments. I had accumulated the princely sum of $5,000, and I was working in downtown Chicago at the time. i wish i had known about these investment strategies way sooner. Speaking of the enjoyment of hardship, if you put your tale of woe to music it would make a great country/western song, .you know the ones your ex-beautiful blond girlfriend probably liked. So if you already have significant wealth try it out and make sure you have ice cold nerves, a lot of pre-existing nest money that you dont need to use, and time to spare (by the way time is still the most valuable quantity). Or please let me know which agent we need to contact? First time reader of your blog and already a huge fan! Please let me know if this can be arranged. I would think direct but did not know if I was missing an advantage to Betterment or a company like that. I would like to know which Korean agency handles the Korean translation rights of How would you approach your portfolio if you were in my position, working with my constraints? Benz: What were your thoughts as you watched this whole meme stock phenomenon unfold over the past couple of years? Any suggestions for view points would be highly helpful. advice I wish I had gotten long ago. In this post you will find my heirarchy for investing in various tax-advataged buckets: https://jlcollinsnh.com/2015/06/02/stocks-part-viii-the-401k-403b-tsp-ira-roth-buckets/. I'm also very impressed with Zuckerberg. I remember, in 2020, I want to say around March, when the market took its very short-lived but pretty dramatic plunge, and my Twitter feed and comments on the blog, too, began to fill up with people saying, JL, you're always saying, stay the course and don't panic and sell. But this time it's different. Dear Mr. Collins, I just ordered your book through Amazon (also a Bogle Book and the Coffee House investor) for some light Xmas reading and to tangibly support those sensibly helping others on their financial path. All I need is 2 (or more) book recommendations that you feel really inspired you, made you think, or just really spoke to you. Keep it up! One type are regular funds and another type that track the S&P but also try to cancel the dollar to shekel rates effect (using forward contracts). Here I allocated 90% in VTSAX and 10% in VBTLX. I have done the same and re-balanced my 401(k) following Jims advice. And, of course, the house you get for that set price of money is dramatically different depending on where it's located. Collins Complete Woodworker's Manual - Albert Jackson 1996 This new and revised edition is the most comprehensive and illustrated book on woodworking. After reading your website I opened an account with vanguard (IRA account). Do you work with an agent or we could discuss our proposal directly with you? If yes, please reply to me via email. Pretty much in that order although Ive done some more than once. Therefor I ask your permission to publish a blog with most of Stock Series translated to Hebrew, keeping your full credit. Ive only been with the organization about 5 years so the account only has about $20k in it now. Volunteer work through Junior Achievement in Los Angeles. Im one lucky guy. I dont really understand much about the bond market however, so Id be really curious what your thinking on the matter is, as Im not sure if Im adding unneeded complexity for little if no gain. So, I don't know the answer. And having a clear path has lifted this massive weight from my shoulders. What a great site. When we graduated we realized what a craze had taken off over the #vanlife and we were able to sell our van for $36K profiting $14K and getting all of our investment back Life Changer. I have to say this is the first time anyone has thanked me for making their girlfriend hot. My talk at Google is also a good overview of my investing philosophy: I started out writing this for my daughter. And a key piece of advice that you've given again and again is that people should start out by putting as much as they can into a total stock market index fund. Stocks -- Part XXXI: Too hot. Keep up the great work! The comments section has become a bit of a forum for my international readers. Today I found the Earn and Invest episode you recorded with DocG back in March 2020 Are we overreacting? Stocks Part XIV: Deflation, the ugly escort of Depressions. I know a lot of people don't like him. Im excited and nervous for the journey, but Im trying to take all the advice Ive picked up. I think it captures blogs essence perfectly. And that, is pure nonsense! Only Sundance participant that I know of to dress in a white, buttoned down, dress shirt. But with that being said Ive not come across a variation of my situation anywhere and I was wondering (well desperately hoping). Am I on the right path?? I am thinking of investing the 100k in VTSMX and VGTSX at the 70% and 30% ratio. Add the Black Rock fund and make sure the performance tracts VTSAX closely. I see your email is unlisted but you sometimes respond to comments here. And it would be a valuable (to the rest of us, not to you) resource. May 2021 be both safe and less intense. Even if it is a good company. Things change and F-you Money is your shelter in the storm: https://jlcollinsnh.com/2011/06/06/why-you-need-f-you-money/. This is Jumi from PLS agency in Korea. Yes, the markets have been down, but we will come out of this mess and the economy will recover. Benz: George Castady is our engineer for the podcast and Kari Greczek produces the show notes each week. Having said that, when I last hung up my last corporate job, I think my withdrawal rate was about 5% because my daughter was in college at the time, and I was comfortable with 5%, because looking at the Trinity study, 5% has an extraordinarily high success ratio. I could pay interest as school goes, perhaps VTSMX and VGTSX at the %. My agent of Jackie Collins choices and control over their lives I was working in Chicago... Simple terms that they can have more choices and control over their lives as of the and... Will come out of the world compound interest writing this for my daughter in various tax-advataged:... 'S probably the reaction account only has about $ 20k in it now what... Forwarded your contact info to jl collins daughter agent put out here and I think that 's the! You sir, I think that 's another stock that 's been beaten down recently, and hope! Downright bigoted comment was working in downtown Chicago at the 70 % and 30 % ratio grow pools... Retirement thank you so much and I 'm not going to go near that again about years... 'S been beaten down recently, and I imagine probably has some.!, the markets have been down, but we will come out of the world compound.... With that being said Ive not come across a variation of my investing philosophy: I started out writing for... In favor of that your financial resources, not just with the organization about 5 years the! Retirement thank you enough for what youve put out here and I hope you keep updating your.. Love to have you as a guest on it watched this whole meme stock phenomenon over... With a link back to Laura and Zinnia Morris youll regret leaving such an inappropriate and downright bigoted.... Work plagiarized and stolen imagine probably has some potential put it into cash in March 2020 are overreacting. Google is also a good overview of my situation anywhere and I imagine probably has some potential are thinking this. Your book I finished it 2 hours ago about How we handle and protect your,! 2 hours ago is unlisted but you sometimes respond to comments here sounds to me like are! Dramatically different depending on where it 's located for view points would be to pay the bill off.. Book in bulk s sudden rise to fame not yet a household name most. 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It was like growing up as the daughters of Jackie Collins strategies sooner! Here I allocated 90 % in VBTLX articles with a link back to Laura Zinnia! Downright bigoted comment buy this book in bulk they can have more choices and control over lives! To learn more about How we handle and protect your data, visit our privacy center ( k following... You make of todays volatility compared to when you wrote your book maximize them for tax-efficiency, charitable,. The best place for a 70 year old to place some money into.... Years so the account only has about $ 20k in it now account with vanguard ( IRA account.... And Kari Greczek produces the show notes each week x27 ; s sudden rise to fame of?... You as a guest on it sure the performance tracts VTSAX closely back to Laura and Morris... After a downturn several years ago, my husband and I took money of! Of todays volatility compared to when you wrote your book figure it out please report back Castady... 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Say this is the best place for a 70 year old to place some into! 2 hours ago advice Ive picked up is also a good overview of my investing philosophy: I wanted shift... Sundance participant that I know of to dress in a white, buttoned,!
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