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re: Is $1 million a lot of money in 2019?
Posted on 7/5/19 at 11:53 pm to TxTiger82
Posted on 7/5/19 at 11:53 pm to TxTiger82
quote:
Nah, that's a good way to lose everything, TBH. I'm not some investing genius who is going to beat the market. My assumption is that the less I do, the better. Sorry, but (at least in my case), "laziness" is the correct strategy.
You just made yourself Exhibit A for what I was saying. I’m not saying I nor anyone else here is an investing genius, but I’m more than capable of going out there and learning how to value and buy bonds/treasuries/indexes/whatever and do it myself over hiring a middleman to do it and giving him a cut. It’s not rocket science.
quote:
your principles won't keep me from making stupid investment mistakes if I try to do it all myself.
Exactly what principles are you suggesting are a better use of your time than learning how to invest/manage your money yourself? Financial literacy is the most valuable skill an individual can possibly cultivate (followed closely by social networking).
Coming back to NC....
quote:
Each manager has differing expertise, resource access, and each comes at challenges slightly differently. Exposure to differing opinions provides good food for thought.
I DO like this train of thought. I agree that we should listen to different perspectives and it’s a key reason as to why I’m on the MT Board and read other communities like it.
This post was edited on 7/6/19 at 1:21 am
Posted on 7/6/19 at 11:58 am to Decisions
quote:
You just made yourself Exhibit A for what I was saying. I’m not saying I nor anyone else here is an investing genius, but I’m more than capable of going out there and learning how to value and buy bonds/treasuries/indexes/whatever and do it myself over hiring a middleman to do it and giving him a cut. It’s not rocket science.
I'm fine with index funds and mutual funds, but I have zero capacity to research alternative assets and the bond market is more confusing than it seems at first glance. On top of that, I have a job and a family and I don't spend my days researching investments.
This post was edited on 7/6/19 at 12:22 pm
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