In tennis, what we do is step on our opponents the road when we are ahead to ensure that we win and not blow a lead. You may opt-out by. Is it that I dont want to spend or that Im just satisfied? You dont need any more, you simply need to protect what you have. Research-Driven Advice By playing the game, I meant I am still invested in stocks, and even in individual stocks (gasp!) He hasnt even tapped social security yet, but once he does that stream will pay for his fixed expenses. He's the author of nearly a dozen books, many of which cover finance, including "The Intelligent Asset Allocator," "The Four Pillars of Investing," "The Investor's Manifesto," and several others. I said this above at least a couple times (i.e. Someone retiring 30 years ago probably would have not factored in the cost of health care that exists today back when they retired. Looking at total return, or performance in of 15.7% in the period of the last 3 years, we see it is relatively smaller, thus worse in comparison to SPY (33.5%). Its source of wealth is the Arkansas-based Wal-Mart Stores empire, with $476 billion in revenue making it the world's. Nope, still couldnt do it. Posted by William Devane onFriday, February 27, 2009. In the end it likely comes down to what I prefer, but you see the conflict. You have changed your life and changed your sources of income when you walk away from the professional world. . It becomes more difficult and more risky to try to coast all the way to the end. You have to get ready for the next game and it will not be the same game you just won. You take a slug of cash and set it aside, to fund the next 10 or so years, and then keep playing? Freedom CU (PA) 3.5 % 2-2021 Ive found no compelling reason to waste my precious time in the pursuit of greater and superfluous financial returns. When you retire 10-20 year prior to that the end is potentially a lot farther away with a lot more unknowns. My goal, and Im blogging about this, is to save up enough money and put it into a passive investment that throws off enough income to make the car payments. Required fields are marked *. Bernstein writes books and papers - informed by the efficient markets hypothesis and modern portfolio theory - that aim to help investors make better decisions with their portfolios. A good post that brings up some great points. The tough part in this line of thinking is that most people hit FI because they took risks and invested for growth. I am very healthy and will probably live to age 90+. Around the SF Bay Area, that means $4 M+ for a house, along with $100 k of associated expenses each year. Am I ok or just in denial? But the business, policy, technology, and politics of trade have been powerful forces throughout history. CP, many others do this. What about the hottest tech stock? Reply #12 on: April 21, 2014, 11:26:21 AM . They find it hard to stop taking advantage of opportunities. He did good. I believe we are made to work, at least some, as part of our purpose, although it can look a million different ways, such as you running this excellent blog and forum (which, while fun, is work), or giving time to others. Maybe in 5-10 years! Currently, I look at the opportunity cost of every purchase I make. Don't treat stock buying like a roulette wheel. It updated his earlier books on investing to cover the position after the Great Financial Crisis (GFC) of 2008-09, and the most recent research on investing, including that by Elroy Dimson, Paul Marsh, and Mike Staunton, authors of "Triumph of the Optimists. I walked away during my peak earning years where I could have earned at least a few million dollars more. A few months ago I found myself in a Tesla showroom. use multiple family members (even >10) as beneficiaries to increase the fdic/ncua coverage. My decision point centered on the imbalance it would cause related to me being able to spend more time with my daughter and helping her grow up. I agree spending $10k to fly first class is a slippery slope best avoided. ",