Search found 100 matches

by UNI4MER
Mon May 09, 2022 3:34 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

stay the course for now and hope for the best
by UNI4MER
Mon May 09, 2022 3:22 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

as expected my advisor said stay the course and use these 2 documents to support that:

https://investor.vanguard.com/investor- ... ssessments
https://corporate.vanguard.com/content/ ... -2022.html
by UNI4MER
Mon May 09, 2022 11:53 am
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

z3r0c00l wrote: Sun May 08, 2022 8:15 pm
UNI4MER wrote: Sun May 08, 2022 2:13 pm Have an appointment to chat with my vanguard advisor in the morning and at 70 kinda freaking out watching my 60/40 free falling and are looking for any green shoots and not seeing any for the next 2-3 years. Cash is tempting.
This current decline in stocks and bonds has been since December of last year. Did you really think there would never be bad 6 month periods in the market?
I see this trend continuing for the next 2-3 years.
by UNI4MER
Mon May 09, 2022 11:50 am
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

mikejuss wrote: Sun May 08, 2022 6:33 pm Maybe you ought to be 40/60. Have the past few weeks really spooked you? That's not how asset allocations are supposed to work.
yea. the bonds VG has me in Int term, total bond etf, total bond itl, short term admiral have less than a 1% gain over the last 3 years.
by UNI4MER
Sun May 08, 2022 7:29 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

Have an appointment to chat with my vanguard advisor in the morning and at 70 kinda freaking out watching my 60/40 free falling and are looking for any green shoots and not seeing any for the next 2-3 years. Cash is tempting. How did you end up back at 60/40 allocation? In March 2020, you panic sold even though you were working with PAS. You apparently opted out of PAS and sold near the bottom, and were wondering in May whether to get back in and whether to do so on you own or go back to PAS. Several posters suggested that perhaps 60/40 wss too aggressive for you. Seems they might have been right. What did you do, and how did you end up back at 60/40? If you sell now, will you end up back at 60/40 again later after selling low, then buying...
by UNI4MER
Sun May 08, 2022 4:32 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

JenniferW wrote: Sun May 08, 2022 3:23 pm I am seeing a lot of light, but I am at the beginning of my investment journey. Buying up as much as I can at these discounted prices.

Don't know if that helps or not. People like me should help bring the market back up for ya :)

Is there perhaps a side gig you might enjoy to bring in a little extra cash to buy up these bargains or to help with living expenses so you don't have to draw as much? Are you on Social Security income? SS income is my only income and I am saving 1/2 of it each year and investing.
I own a small bus and get paid by it and have not touched my portfolio as of yet but I am about to. Just
looking to the future. Sounds like the verdict is stay the course no matter how long and how far this cycle continues.
by UNI4MER
Sun May 08, 2022 4:20 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

JoeRetire wrote: Sun May 08, 2022 3:19 pm
UNI4MER wrote: Sun May 08, 2022 2:57 pm No at 70 my waiting time for a rebound is limited and [political comment removed by moderator oldcomputerguy] so maybe moving to mm or cd's for awhile until I see 1 quarter of growth is worth considering
Sounds like 60/40 was a mistake for you?
no that is VG personal advisor put me in
by UNI4MER
Sun May 08, 2022 2:57 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

No at 70 my waiting time for a rebound is limited and [political comment removed by moderator oldcomputerguy] so maybe moving to mm or cd's for awhile until I see 1 quarter of growth is worth considering
by UNI4MER
Sun May 08, 2022 2:42 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

Re: anyone see light at the end of the tunnel

I am thinking parking all bonds into money market until I see 1 quarter of growth in bonds
by UNI4MER
Sun May 08, 2022 2:13 pm
Forum: Personal Investments
Topic: anyone see light at the end of the tunnel
Replies: 154
Views: 19558

anyone see light at the end of the tunnel

Have an appointment to chat with my vanguard advisor in the morning and at 70 kinda freaking out watching my 60/40 free falling and are looking for any green shoots and not seeing any for the next 2-3 years. Cash is tempting.
by UNI4MER
Sun May 10, 2020 10:29 pm
Forum: Personal Investments
Topic: should I return to VG financial planner assistance?
Replies: 6
Views: 759

Re: should I return to VG financial planner assistance?

bikechuck thank you for a responsible response
by UNI4MER
Sun May 10, 2020 6:29 pm
Forum: Personal Investments
Topic: should I return to VG financial planner assistance?
Replies: 6
Views: 759

Re: should I return to VG financial planner assistance?

PAS is what I was in. Just considering going back in or manage it myself by going back into the same funds they set me up with.
by UNI4MER
Sun May 10, 2020 5:19 pm
Forum: Personal Investments
Topic: should I return to VG financial planner assistance?
Replies: 6
Views: 759

should I return to VG financial planner assistance?

just wondering if it is worth it to dive back in. Cashed out the funds with no cap gains in March (yea I know I should have stayed in but thought, like others the downturn would be far worse) should I jump back into the funds they put me in which they did not change the last 2 years? If so dollar cost average into them or put back the percentages as they were before the March downfall? Age 67 looking to partly retire soon mix was 60% equities 35% bonds 5% cash. Now 45% cash equities 29% bonds 26%. I am looking to manage the portfolio myself instead of paying them a quarterly fee. Any suggestions you geniuses may have would be truly appreciated.
by UNI4MER
Tue Oct 07, 2014 11:35 am
Forum: Personal Investments
Topic: mortgage payoff
Replies: 7
Views: 1471

Re: mortgage payoff

I'm all for having the mortgage paid off by retirement time, so I'm tempted to say, go for it! But, we need some more info... what's the retirement situation looking like? Is there going to be a pension coming monthly, taking SS early, living off savings/investments, etc...? What will the income to monthly expenses look like in retirement with a mortgage? How much is left of the portfolio after/if the mortgage is paid off? If the mortgage payment and regular expenses are not a burden in retirement, the may not be a need to pay it off. Maybe pay down with the cash portion and refinance, so the portfolio is left alone... just throwing out a possible option... No pension, will continue to run by business but downsize myself, SS in maybe 3 yea...
by UNI4MER
Tue Oct 07, 2014 11:27 am
Forum: Personal Investments
Topic: mortgage payoff
Replies: 7
Views: 1471

Re: mortgage payoff

bdpb wrote:How much is your cash, GNMA, TIPS yielding?

Certainly not 3.8%. Do it.

Rebalance in your tax advantaged accounts.

Great sounds good.
by UNI4MER
Mon Oct 06, 2014 5:31 pm
Forum: Personal Investments
Topic: mortgage payoff
Replies: 7
Views: 1471

mortgage payoff

Im am 62 approaching retirement and considering paying off my mort. $126K 3.8APR with least amount of cap gains exposure. Can do it with part cash and taking funds out of my taxable GNMA and INF PROT securities that have virtually no exposure. This will throw my AA off in my taxable account to around 85% in stocks. Can re balance my non tax account to make up for this. Your thoughts.
by UNI4MER
Sun Nov 11, 2012 4:36 pm
Forum: Investing - Theory, News & General
Topic: How did you make your million(s)?
Replies: 81
Views: 14695

Re: How did you make your million(s)?

I am 60 worked 22 years for a small company which invested an IRA for me then I bought my own business 23 years ago rolled over my ira and got involved with vanguard in asset allocation while did a little dollar cost averaging. Found and used advice on this forum and after the crash in 2008 reallocated everything to the merriman vanguard tax deferred portfolio. Still own my business and am pretty worried about things to come.
by UNI4MER
Tue Jul 24, 2012 11:09 am
Forum: Investing - Theory, News & General
Topic: int'l equities
Replies: 31
Views: 4074

Re: int'l equities

I apologize for turning this into a political discussion. Regarding market timing-I am not in my 30's for 40's anymore and if I were I would leave things alone. Being 60 with a shorter timeline and knowing I will need growth in equities for the next 10 years my though was to increase my holdings US equities.
by UNI4MER
Mon Jul 23, 2012 10:41 pm
Forum: Investing - Theory, News & General
Topic: int'l equities
Replies: 31
Views: 4074

Re: int'l equities

political comment deleted by admin alex
by UNI4MER
Mon Jul 23, 2012 12:13 pm
Forum: Investing - Theory, News & General
Topic: int'l equities
Replies: 31
Views: 4074

Re: int'l equities

johnep wrote:I agree with your assessment. IMO emerging markets is a much better long term investment than Europe. You may want to consider transferring some of your European equity into emerging markets.
I appreciate your responsible reply. Thank you.
by UNI4MER
Sun Jul 22, 2012 7:15 pm
Forum: Investing - Theory, News & General
Topic: int'l equities
Replies: 31
Views: 4074

int'l equities

I am 60 and a long termer and have 50% of my equities in intl. and of that 60% Europe. I can see the Euro fiasco lasting another 10+ years and thinking of rebalancing a portion back into US equities. Your thoughts? Thank you.
by UNI4MER
Sat Dec 10, 2011 12:22 pm
Forum: Personal Investments
Topic: withdrawal tax rate
Replies: 9
Views: 1191

Re: withdrawal tax rate

Does current bracket mean the one you have today or the one you will have when you are retired and drawing down? In either case, your tax is based on all the brackets, not just the last one. For example (using totally fictional brackets), if you have no other income and withdraw $40,000, the first 10,000 will be taxed at the zero to $10,000 bracket rate, the next $15,000 will be taxed at the $10,000 to $25,000 bracket rate, and the last $15,000 will be taxed at the $25,000 to $50,000 bracket rate. Then there are the capital gains and dividend rates that go in parallel with regular tax rates as you move up the brackets. Now if you already have $35,000 of other income, the first $15,000 of your withdrawal will be taxed at the $25,000 to $50,...
by UNI4MER
Fri Dec 09, 2011 9:31 pm
Forum: Personal Investments
Topic: withdrawal tax rate
Replies: 9
Views: 1191

withdrawal tax rate

Let's say I am retired and need to do withdrawl rate of 4% from both taxable and nontaxable acounts. I assume from IRA withdrawals the tax is based on your current bracket. On ntx withdrawl's it is based both on your current bracket plus cap gains on funds withdrawn? If so how would one accurately plan a withdrawal rate?
by UNI4MER
Sat Oct 15, 2011 9:32 pm
Forum: Investing - Theory, News & General
Topic: How are you doing YTD?
Replies: 68
Views: 6302

out of my 65% in equities 40% is int'l (ouch). Wish VG had a int'l fund weighted much more in china, russia, and brazil as who knows how long the Euro situation will last.
by UNI4MER
Sat Oct 15, 2011 4:28 pm
Forum: Investing - Theory, News & General
Topic: How are you doing YTD?
Replies: 68
Views: 6302

How are you doing YTD?

65 equities 35 bonds I'm down -3.33%
by UNI4MER
Mon Sep 19, 2011 11:56 pm
Forum: Investing - Theory, News & General
Topic: Has there been a time in U.S. investment History Like This?.
Replies: 60
Views: 8394

What is hard is looking at the historical financial data and trying to make a comparision or trend to follow when, for the first time in recent history, our economic policy is pure socialism which does not trend well for growth. Politics are affecting investment outcome more today than ever before.
by UNI4MER
Mon Aug 08, 2011 9:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 36221
Views: 4683903

BigD53 wrote:As soon as the President appeared on TV, the DOW went from being down "only" 300... to being down 500! :roll:

Moderator, you can delete my political comment. (Actually, just an observation.) :beer
I respect this forum immensly. But I would like to see more flexibility when it comes to subject of politics. Now more than ever politics is affecting every aspect of investing and I feel that comments on current political policies and how they are affecting investment decisions are in order.
by UNI4MER
Mon Jun 27, 2011 6:48 pm
Forum: Investing - Theory, News & General
Topic: Wether or not to pay off mortgage
Replies: 20
Views: 3949

dharrythomas wrote:I'd pay off the mortgage.

I wouldn't take money from the tax deferred accounts (or even quit contributing) or cut it close on the emergency fund, but other than that I'd prioritize getting rid of the mortgage.

We paid off our last house in about 7 years. Had to move for the job and took a 15 year mortgage closing in Sep 10. If we don't make any additional advance payments, mortgage will be paid off in Dec 2014.

I feel less stress without debt. My deal with the wife is that I'll take approximately 1/3 of the P&I to save/invest and she can have the other 2/3 to spend.

Good Luck

Harry
Then, of course, there is the issue of cap gains on selling the assets on the taxable account.
by UNI4MER
Thu Jun 23, 2011 4:39 pm
Forum: Investing - Theory, News & General
Topic: Wether or not to pay off mortgage
Replies: 20
Views: 3949

Re: Wether or not to pay off mortgage

Here is some red meat for you experts. I am 59, wife and I own a small business in CA, have all my assetts in VG 1.2m ira & savings, no pensions, owe 140K on our residence which we plan on staying in. We have owned the business together for 20 years and that has been our sole income. Business in this state is very volatile and I am thinking of paying off the mortgage now and plowing the current mortgage payment back into the porfolio as long as I can in case or until the business goes south. Obviously no one has a crystal ball but I would like your opinion to sell or stay. If your business went to zero tomorrow - how much liquidity (cash and short term bonds) do you have? Do you have enough to carry you to the point where you could col...
by UNI4MER
Thu Jun 23, 2011 4:27 pm
Forum: Investing - Theory, News & General
Topic: Wether or not to pay off mortgage
Replies: 20
Views: 3949

You really didn't give enough info. If your interest rate on your mortgage is 1%, then I would not pay it off early. If your interest rate on your mortgage is 10%, then I would not hesitate to pay it off. 6% If you do pay it off, where would the money come from? If it comes out of your IRA, then that would increase your income taxes in the year that you withdrew the IRA money and that would be BAD. If it comes from savings, maybe that would reduce your emergency fund too much and that would be bad. To make your money last longer, you should move out of the state of California with its high state tax rates to a no-tax state like Texas. Thought about that but would probably take a loss on the house which would not help me in Texas. Anyways, ...
by UNI4MER
Thu Jun 23, 2011 4:23 pm
Forum: Investing - Theory, News & General
Topic: Wether or not to pay off mortgage
Replies: 20
Views: 3949

If the house was paid off, could you live on $1.2Mx0.03% = $36K/yr plus whatever you would get in Social Security? (a 3% withdrawal rate) At 62 that would be an additional 20k/year and with wife working we probably could. But, of course, there is inflation. How important is cash flow to you? Would you let the business fail before you dip into the $1.2M? Would you need capital to start another business, or would you head into retirement? Yes we would walk away from it and not touch the portfolio and I would head into retirement as my wife is quite a bit younger and would continue to work doing something. Do you like your house and plan to stay there for many years to come? If not, don't pay it off. Yes. And we own another in a remote area t...
by UNI4MER
Wed Jun 22, 2011 10:50 pm
Forum: Investing - Theory, News & General
Topic: Wether or not to pay off mortgage
Replies: 20
Views: 3949

Wether or not to pay off mortgage

Here is some red meat for you experts. I am 59, wife and I own a small business in CA, have all my assetts in VG 1.2m ira & savings, no pensions, owe 140K on our residence which we plan on staying in. We have owned the business together for 20 years and that has been our sole income. Business in this state is very volatile and I am thinking of paying off the mortgage now and plowing the current mortgage payment back into the porfolio as long as I can in case or until the business goes south. Obviously no one has a crystal ball but I would like your opinion to sell or stay.
by UNI4MER
Tue Sep 07, 2010 10:00 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Top Developed World
Replies: 13
Views: 2681

I totally agree but would like to see more from Vanguard in terms of emerging markets weighted in natural resources especially in South America.
by UNI4MER
Fri Sep 03, 2010 11:20 am
Forum: Investing - Theory, News & General
Topic: Natural resources
Replies: 6
Views: 1772

Natural resources

What would be best vanguard fund for natural resources?
by UNI4MER
Wed Jul 28, 2010 10:58 pm
Forum: Investing - Theory, News & General
Topic: End of year tax changes
Replies: 11
Views: 2404

End of year tax changes

Ok I recuped what I loss from the big crash. Age 58 65/35 small business owner facing tax hikes starting 2011 and a potential huge sell off at the end of the year trying to decide to ride it out untill we get favorable business conditions, if ever, or to sell and protect. Don't ask me about retirement horizon or risk tolerance as I, like others, believe past history is no longer a factor.
by UNI4MER
Sat Jul 10, 2010 7:35 pm
Forum: Personal Investments
Topic: allocation question
Replies: 6
Views: 1108

Thanks for the extra information. You indicated that you're holding the same funds in tax advantaged as tax advantaged. I assume you're holding a taxable bond fund in the taxable account which means you're paying taxes on the non-qualified bond income. At the 25% tax bracket, you may be better off using the tax advantaged space to hold all your taxable bonds. Let's say you wanted a 60/40 portfolio where INTL is 33% of stocks. Tax advantaged (55% of portfolio): 40% Bonds (completes bond allocation) 10% US Stocks 05% Intl Stocks Taxable (45% of portfolio): 15% International Stocks 30% US Stocks 55% is my taxable portfolio and 45% is my ntx ira porfolio. I see what you are saying regarding the tax efficiency of the taxable bonds as the hey sh...
by UNI4MER
Sat Jul 10, 2010 5:55 pm
Forum: Personal Investments
Topic: allocation question
Replies: 6
Views: 1108

[quote="DSInvestor"]Rebalancing in the IRA has no tax consequences.

What is the ratio of taxable vs tax advantaged space?
NTX 45% TAXABLE 55%
What tax bracket are you in?
25%
by UNI4MER
Sat Jul 10, 2010 4:27 pm
Forum: Personal Investments
Topic: allocation question
Replies: 6
Views: 1108

allocation question

Both my ira and taxable acounts have the same funds in them with the same allocations per fund. Currently my total portfolio is at 66/34 and I want to rebalance to my targert 60/40. Should I rebalance just the ira to avoid a taxable event?
by UNI4MER
Mon May 24, 2010 6:11 pm
Forum: Investing - Theory, News & General
Topic: Roubini's latest comments
Replies: 5
Views: 1262

Roubini's latest comments

Regarding the fall of the Euro and if Europe does not act fast will lead US into a double dip soon. Any comments?
by UNI4MER
Sat Jul 11, 2009 2:28 pm
Forum: Investing - Theory, News & General
Topic: annual withdrawal vs. lifetime annuity
Replies: 17
Views: 3159

I think it's a given that one would buy multiple A rated annuities up to each insured amount. Having said that for a person nearing retirement, 5 years from social security eligibility, needing steady income, and cannot afford future bear markets what would be a better strategy?
by UNI4MER
Wed Jul 08, 2009 3:09 pm
Forum: Investing - Theory, News & General
Topic: annual withdrawal vs. lifetime annuity
Replies: 17
Views: 3159

annual withdrawal vs. lifetime annuity

I will throw this out for debate. Why would one nearing retirement who needs income from portfolio not purchase a lifetime annuity which pays 4.5% compared to the recommended annual portfolio withdrawal of 3.5%?
by UNI4MER
Wed Apr 08, 2009 6:11 pm
Forum: Investing - Theory, News & General
Topic: The Ultimate Buy-and-Hold Strategy
Replies: 52
Views: 12850

TREV H WROTE:

22.5% International Small Cap Blend








Which Vanguard account is this?
by UNI4MER
Wed Apr 08, 2009 5:14 pm
Forum: Investing - Theory, News & General
Topic: The Ultimate Buy-and-Hold Strategy
Replies: 52
Views: 12850

Re: And soon...

[q
uote="Trev H"]And soon Vanguard is supposed to open up a Intl Small Cap Fund (FTSE X-US International Small Cap).

For a simplified version of the Ultimate B&H you could do something like this.

22.5% Large Cap Index
22.5% Small Value Index
10.0% REIT Index
22.5% International Value
22.5% FTSE X-US Intl Small Cap

For the Equity Allocation.

=======



Question: where is the micro cap in your selection and how come none of the midcap funds are included when some have performed better?
by UNI4MER
Sat Mar 28, 2009 12:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard equities
Replies: 6
Views: 1792

Vanguard equities

I have all my funds in VG and I am wondering how many of you use VG for bonds and others for equities and why?
by UNI4MER
Mon Feb 23, 2009 11:01 pm
Forum: Investing - Theory, News & General
Topic: Buy-and-hold investors have to know when to sell and fold
Replies: 33
Views: 5574

Given the direction of government intervention in the economy and the expansion of social programs, I thought it was prudent to reduce stock holdings to 10% of my portfolio on election day last year. I also believe that today, you can no longer separate government (politics) and investing/business decisions - the government has linked them, and now you must take it into account. The stock market is reacting to government and political news, not business news...at least for now. Could not agree with you more and frankly I am surprised your post made it because of its political nature. Current politics is affecting portfolio's more than ever before with unprecedented government intervention. This forum has been very helpful to me and I would...
by UNI4MER
Mon Feb 23, 2009 3:56 pm
Forum: Investing - Theory, News & General
Topic: Saving for Retirement (Without Equities)
Replies: 52
Views: 10346

Re: Saving for Retirement (Without Equities)

mxa01 wrote:I'm no longer an investor - I'm a saver. The risks presented with any allocation to equities exceed my appetite. I've accumulated a small nest egg that if it grows slowly over the coming years, should provide a comfortable retirement. I've settled on on the following AA and am interested in the Bogleheads perspective:

10% Money Market Mutual Fund
20% Stable Value Fund
10% Short-Term Bond Index MF
30% Inflation Protected Bond MF
30% Intermediate Term Bond Index MF

My goals are to limit losses, retain capital in deflationary times, and stay close to the CPI in inflationary times.

Thanks, Mike

What is your age?
by UNI4MER
Wed Feb 18, 2009 9:55 pm
Forum: Investing - Theory, News & General
Topic: With no budget, California to cut 20,000 state jobs
Replies: 69
Views: 12271

california's big problem is

Retirement obligations to state employees. As a small business owner in the state I deal with uniforms for state correctional officers. I have nothing against their union or other unions but the deals approved by the legislature where they can retire at 50 after working 30 years and get 90% of their pay is a hardship for this state. Most of them go back to work and double dip. Cities competing for employees have adopted the same plan and it is beginning to bankrupt them (Vallejo) is an example. This has snowballed into a nightmare now.
by UNI4MER
Wed Feb 18, 2009 7:07 pm
Forum: Investing - Theory, News & General
Topic: Has the market "SURGE" began ???
Replies: 12
Views: 3163

What makes you think the stock market is the right gauge of stimulus success?

One of the worst things to happen to economic policy in this country has been the glaring focus on a few daily market indexes.
[/quote]


Look what happened to the market after the 1981 tax cuts. That is an example of proper stimulus.
by UNI4MER
Tue Feb 03, 2009 9:35 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Ranges
Replies: 8
Views: 1925

[quote="
rebalance to $30k in cash (or equiv) and 70/30 otherwise using ~ 5/25 bands.


What are 5/25 bands?
by UNI4MER
Tue Feb 03, 2009 5:11 pm
Forum: Investing - Theory, News & General
Topic: Did Anyone MAKE money last year?
Replies: 53
Views: 8960

Re: Did Anyone MAKE money last year?

My human capital investment, which I (mostly) hold in my taxable portfolio, has continued to be a great performer. Returns are very high and, on average, grow with inflation. I've found I can easily live on the income stream alone, without touching principal. I've ridden out all types of markets, bear and bull. It seems like I could live forever on this investment alone but might cash out later in life to dabble in other things. The portion of dividends that exceed my living expenses I redirect right into my other asset types.



What is your human capital investment comprised of?