Don't underestimate some of the free financial planning advice that they can get from a large investment company (i.e. Vanguard, Fidelity, Charles Schwab, etc.) if they are willing to allocate some of their portfolio to them. I have found this advice along with that contained within this Bogleheads forum to be sufficient to creat a long-term, risk-adjusted portfolio.
Good luck & great profits!
Search found 163 matches
- Tue Jul 25, 2017 6:56 am
- Forum: Personal Investments
- Topic: Seeking Flat Fee Advisor for Retirement Planning
- Replies: 2
- Views: 678
- Tue Jul 25, 2017 6:50 am
- Forum: Personal Investments
- Topic: Investing Inheritance at age 24
- Replies: 16
- Views: 2450
Re: Investing Inheritance at age 24
Whatever your choice of investment, invest your lump-sum all at once. Don't worry about dollar-cost-averaging. Put your inheritance to work as soon as possible.
Good luck & great profits!
Good luck & great profits!
- Tue Jul 25, 2017 6:44 am
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7650
- Views: 1723386
Re: What Book Are You Currently Reading? Part VI
The Whistler by John Grisham I consider this one of his bests, a great story that keeps your attention throughout. I enjoyed The Whistler and the look inside Indian casino gamling in Florida. My contemporaneous notes say "Was mildly interesting at first, then got very absorbing with all the complicated details." Camino Island on the other hand is proving the negative reviews correct. I'm halfway through and it doesn't even read like a Grisham novel. It's unremarkable -- no mystery, no suspense, no interesting conflicts between characters -- and the first part focuses on one group of characters, the next part focuses on another group of characters, and so on. I prefer following just one character or set of characters, but that's j...
- Fri Jul 21, 2017 6:11 am
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7650
- Views: 1723386
Re: What Book Are You Currently Reading? Part VI
The Whistler by John Grisham
I consider this one of his bests, a great story that keeps your attention throughout.
I consider this one of his bests, a great story that keeps your attention throughout.
- Thu Jul 13, 2017 3:24 pm
- Forum: Personal Consumer Issues
- Topic: Advice on a VOIP (Voice Over Internet Provider) App
- Replies: 7
- Views: 1385
Re: Advice on a VOIP (Voice Over Internet Provider) App
Thank you all for your timely, objective replies. I am hopeful that based upon your feedback, I will find & use a VOIP app.
- Tue Jul 11, 2017 6:59 am
- Forum: Personal Investments
- Topic: 401k question
- Replies: 10
- Views: 1270
Re: 401k question
Yes, I definitely think that you should contribute to this 401k plan.
If you can contribute up to the maximimum match (6%), that would be great. If you can contribute more, even better.
Consider that the 'Compounding effect' over years of diligent saving will prove to be outstanding.
Good luck & great profits!
If you can contribute up to the maximimum match (6%), that would be great. If you can contribute more, even better.
Consider that the 'Compounding effect' over years of diligent saving will prove to be outstanding.
Good luck & great profits!
- Mon Jul 10, 2017 8:01 pm
- Forum: Personal Consumer Issues
- Topic: Advice on a VOIP (Voice Over Internet Provider) App
- Replies: 7
- Views: 1385
Advice on a VOIP (Voice Over Internet Provider) App
Can you please recommend a reliable app to make VOIP (Voice Over Internet Provider) voice calls?
Am currently using iOS.
Thank you.
Am currently using iOS.
Thank you.
- Wed Jul 05, 2017 7:18 am
- Forum: Personal Finance (Not Investing)
- Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
- Replies: 107
- Views: 17682
Re: For those of you who handle all the finances, how do you keep your spouse "in the know"
Fidelity also offers their version of safe, secure, encrypted document storage, Fidsafe.
While I am not a big user, you can access it at www.fidsafe.com.
Good luck & great profits!
While I am not a big user, you can access it at www.fidsafe.com.
Good luck & great profits!
- Wed Jul 05, 2017 7:02 am
- Forum: Personal Investments
- Topic: Two comma club - thank you
- Replies: 16
- Views: 5463
Re: Two comma club - thank you
Congratulations!
One way you can give back is to actively and publicly reply to this forum. Read, study, experience; then post advice (tips, tricks & traps) so that we can all learn.
Good luck & great profits!
One way you can give back is to actively and publicly reply to this forum. Read, study, experience; then post advice (tips, tricks & traps) so that we can all learn.
Good luck & great profits!
- Tue Jun 27, 2017 7:04 am
- Forum: Personal Investments
- Topic: Lump sum investing in stocks vs. DCA
- Replies: 55
- Views: 6289
Re: Lump sum investing in stocks vs. DCA
Helpful Chinese proverb: The best time to plant a tree is 20 years ago; the next best time is today.
Put your $$$ to work for you as soon as possible.
Good luck & great profits!
Put your $$$ to work for you as soon as possible.
Good luck & great profits!
- Tue Jun 27, 2017 7:01 am
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7650
- Views: 1723386
Re: What Book Are You Currently Reading? Part VI
The Generals by Winston Grooms.
A very good review of three great heros who won World War II, Generals MacArthur, Patton & Marshall. Truly inspiring.
I am, however, saddened that Grooms did not include General of the Armies Eisenhower as one of the primary Generals.
A very good review of three great heros who won World War II, Generals MacArthur, Patton & Marshall. Truly inspiring.
I am, however, saddened that Grooms did not include General of the Armies Eisenhower as one of the primary Generals.
- Sun Jun 11, 2017 8:08 am
- Forum: Personal Investments
- Topic: Joint bank account w/parent or not?
- Replies: 29
- Views: 5747
Re: Joint bank account w/parent or not?
Assuming that you both have a very trustworthy relationship, then I would suggest a simple Power of Attorney. Easy, simple, non-invasive.
- Sun May 28, 2017 8:24 am
- Forum: Investing - Theory, News & General
- Topic: Is it investor behavior that dooms Active Mutual Funds?
- Replies: 28
- Views: 2498
Re: Is it investor behavior that dooms Active Mutual Funds?
At the margin, Active Management is much less efficient than Passive Management for the true 'Investor' (i.e. The proper balance of risk-adjusted returns). However, human behavior can get in the way if one seeks to 'Chase after returns' and thus become a 'Gambler'. It takes true personal discipline to stick with your long-term Investment Plan.
Good luck & great profits!
Good luck & great profits!
- Fri May 26, 2017 3:40 pm
- Forum: Personal Consumer Issues
- Topic: Cleaning of Hardwood Floors
- Replies: 4
- Views: 2400
Cleaning of Hardwood Floors
What is the best solution to use to properly clean hardwood floors? Frequency?
THank you.
THank you.
- Wed Apr 26, 2017 6:29 am
- Forum: Personal Investments
- Topic: VG Advisory Services
- Replies: 7
- Views: 1272
Re: VG Advisory Services
At VG's recommendation some time ago, I did follow their advice and bought a small amount of International Bond Fund. Since then, it has out-performed their Total Bond Fund. So, while not necessary in a portfolio, I have been satisfied with its performance. A consideration for you. Good luck & great profits! What you report is just not any one of the possible reasons that one might buy that fund. I counted 108 different Vanguard funds that outperformed International Bond Fund on return since inception and 14 that did not. Recommending based on a 14 out of 122 chance of outperformance is not a very good bet. Yes, but a recommendation based upon 1 out of 2 (International Bond Fund vs. Total Bond Fund) is not bad. Good luck & great pr...
- Sun Apr 23, 2017 7:59 am
- Forum: Personal Investments
- Topic: VG Advisory Services
- Replies: 7
- Views: 1272
Re: VG Advisory Services
At VG's recommendation some time ago, I did follow their advice and bought a small amount of International Bond Fund. Since then, it has out-performed their Total Bond Fund. So, while not necessary in a portfolio, I have been satisfied with its performance.
A consideration for you.
Good luck & great profits!
A consideration for you.
Good luck & great profits!
- Thu Apr 20, 2017 6:31 am
- Forum: Investing - Theory, News & General
- Topic: value of stock options
- Replies: 30
- Views: 3842
Re: value of stock options
Since the tax implications are so important to you (as they rightfully should be), I would suggest that while trying to maximize your gains you do this over 2 or 3 tax years, effectively smoothing out your tax burden.
Good luck & great profits!
Good luck & great profits!
- Wed Apr 19, 2017 6:00 am
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7650
- Views: 1723386
Re: What Book Are You Currently Reading? Part VI
The Undoing Project by Michael Lewis.
A terrific read into a discovery on how two psychologists seamlessly integrated the use of statistics into value-based judgements and predictions. It also demonstrated why 'regret' is so powerful when making decisions.
A terrific read into a discovery on how two psychologists seamlessly integrated the use of statistics into value-based judgements and predictions. It also demonstrated why 'regret' is so powerful when making decisions.
- Mon Apr 17, 2017 6:41 am
- Forum: Personal Consumer Issues
- Topic: Personal Assistants: Amazon Echo or Google Home?
- Replies: 7
- Views: 1244
Personal Assistants: Amazon Echo or Google Home?
Would appreciate any insight, advantages or disadvantages, of purchasing an Amazon Echo or Google Home Personal Assistant.
What is your experience?
Also, where is the preferred place to purchase one?
What is your experience?
Also, where is the preferred place to purchase one?
- Mon Apr 17, 2017 6:32 am
- Forum: Personal Investments
- Topic: Why invest in International Index Fund?
- Replies: 39
- Views: 9003
Re: Why invest in International Index Fund?
I believe that the simple answer is simply that owning an international stock fund provides for additional diversification. That's it. You can construct a 3-fund portfolio without any international exposure. However, if you would like additional diversification, then chose an intl fund, like VG Total International Stock Fund.
Good luck & great profits!
Good luck & great profits!
- Sun Apr 02, 2017 8:11 am
- Forum: Personal Consumer Issues
- Topic: Advice on Long-term Health Care Insurance
- Replies: 15
- Views: 2501
Advice on Long-term Health Care Insurance
Would appreciate your advice (tips, tricks, traps) on purchasing Long-Term Health Care Insurance.
Thank you.
Thank you.
- Fri Mar 31, 2017 6:38 am
- Forum: US Chapters
- Topic: Master Thread - Greenville Metro Bogleheads
- Replies: 13
- Views: 4890
Re: Master Thread - Greenville Metro Bogleheads
Not to my knowledge. Are you interested in re-starting one?
- Mon Mar 27, 2017 6:08 am
- Forum: Personal Investments
- Topic: Keep JNJ or invest everything in index funds?
- Replies: 18
- Views: 2490
Re: Keep JNJ or invest everything in index funds?
From my experience, Computer Shares is not at all an easy organization to work with in selling/transferring shares. Whatever your decision, take the time to talk with them upfront to save yourself some time.
Good luck & great profits!
Good luck & great profits!
- Sun Mar 26, 2017 5:43 pm
- Forum: Personal Finance (Not Investing)
- Topic: GEICO vs. USAA auto insurance
- Replies: 59
- Views: 29205
Re: GEICO vs. USAA auto insurance
USAA's Subscriber Savings Account and Senior Subscriber Savings Account may be the best loyalty bonuses that I know. Further, I have never had any problems with claims nor adjustments with USAA. They are a 'most admired' organization.
Good luck & great profits!
Good luck & great profits!
- Fri Mar 24, 2017 6:32 am
- Forum: Personal Investments
- Topic: Jumping back in the market
- Replies: 29
- Views: 5329
Re: Jumping back in the market
The best time to plant a tree is 20 years ago; the next best time is today. - Chinese proverb
Put your money to work for you either by a lump-sum purchase or dollar-cost averaging amounts, whatever allows you sleep at night. But, in the end, stay fully invested.
Good luck & great profits!
Put your money to work for you either by a lump-sum purchase or dollar-cost averaging amounts, whatever allows you sleep at night. But, in the end, stay fully invested.
Good luck & great profits!
- Tue Mar 14, 2017 6:02 pm
- Forum: Personal Consumer Issues
- Topic: PayPal - Any Disadvantages?
- Replies: 49
- Views: 10913
PayPal - Any Disadvantages?
While understanding the financial and efficiency advantages of PayPal, do you know of any disadvantages, especially those associated with security (personal or site)?
- Wed Mar 08, 2017 6:47 am
- Forum: Personal Investments
- Topic: Vanguard Personal Advisor service, or 3 fund portfolio
- Replies: 12
- Views: 3107
Re: Vanguard Personal Advisor service, or 3 fund portfolio
I would suggest that IF you feel relatively confident in your own ability to manage your portfolio that you save these expenses and manage your investments yourself.
Following Bogleheads.org is great source of personal investment advice and you can access it as frequently as you like.
Good luck & great profits!
Following Bogleheads.org is great source of personal investment advice and you can access it as frequently as you like.
Good luck & great profits!
- Sat Mar 04, 2017 7:05 am
- Forum: Personal Investments
- Topic: Combining retirement savings accts into 1: good? bad?
- Replies: 10
- Views: 2229
Re: Combining retirement savings accts into 1: good? bad?
One other consideration for you is that a 401k plan is still ultimately controlled by the enterprise that sponsored it (former employer) while an IRA is controlled by you.
Thus, you must weigh the advantages of your choices in the 401k (funds, fees, etc.) with the possibility that the enterprise could make future changes to this plan. On the other hand, you have complete control over your choices (plan admistrator, funds, fees, etc.) in an IRA.
Good luck & great profits!
Thus, you must weigh the advantages of your choices in the 401k (funds, fees, etc.) with the possibility that the enterprise could make future changes to this plan. On the other hand, you have complete control over your choices (plan admistrator, funds, fees, etc.) in an IRA.
Good luck & great profits!
- Mon Feb 27, 2017 6:42 am
- Forum: Investing - Theory, News & General
- Topic: "Buffett: Indexing the Best Choice for Investors Large and Small"
- Replies: 16
- Views: 3721
Re: "Buffett: Indexing the Best Choice for Investors Large and Small"
Despite the overwhelming empirical data which favor passive investing, I recently read that only 22% of all stock mutual funds are invested in Index Funds. Thus, my conclusion is that while growing this category is still far from being considered 'too big'.
Good luck & great profits!
Good luck & great profits!
- Wed Feb 22, 2017 6:29 am
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7650
- Views: 1723386
Re: What Book Are You Currently Reading? Part VI
Charlie Wilson's War by George Crile.
A fascinating, memorable chronology of how this Texas congressman was truly behind the scenes during the end of the Cold War through the Iraq invasion.
A fascinating, memorable chronology of how this Texas congressman was truly behind the scenes during the end of the Cold War through the Iraq invasion.
- Tue Feb 21, 2017 6:16 am
- Forum: Personal Consumer Issues
- Topic: Garage Floor Covering - Need Advice
- Replies: 20
- Views: 2299
Garage Floor Covering - Need Advice
Am considering having our garage floor covered/protected. Can anyone provide advice on either the more permanent epoxy covering or the semi-permanent 'plastic jigsaw pieces' coverings?
Primary objective is to protect our new concrete garage floor at a reasonable cost.
Thank you, in advance.
Primary objective is to protect our new concrete garage floor at a reasonable cost.
Thank you, in advance.
- Thu Feb 16, 2017 6:51 am
- Forum: Personal Investments
- Topic: Is it reasonable to have 100% in the stock market?
- Replies: 58
- Views: 8544
Re: Is it reasonable to have 100% in the stock market?
With regard to 'risk-adjusted returns', yes, a 100% equities portfolio is possible. You appear to accept the downside effects to achieve the upside gains.
However, I would recommend that you not simply extrapolate your current income stream. Unfortunate events do happen in life which can derail or even obliterate your job/income today.
Good luck & great profits!
However, I would recommend that you not simply extrapolate your current income stream. Unfortunate events do happen in life which can derail or even obliterate your job/income today.
Good luck & great profits!
- Fri Feb 10, 2017 6:17 am
- Forum: Personal Investments
- Topic: Need some insight into my investments - 401k/Roth Vanguard
- Replies: 12
- Views: 1351
Re: Need some insight into my investments - 401k/Roth Vanguard
Since you are investing for the long-term and desire a comfortable retirement, I suggest that you automatically eliminate all funds with an expense ration >0.20%.
High ER funds will drain your portfolio through many years of savings, more than you can imagine. Further, you do have other stellar funds that can produce good returns at a much lower cost.
Good luck & great profits!
High ER funds will drain your portfolio through many years of savings, more than you can imagine. Further, you do have other stellar funds that can produce good returns at a much lower cost.
Good luck & great profits!
- Sat Jan 28, 2017 6:57 am
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11145
- Views: 2084841
Re: What Movie Have You Recently Watched?
Fences with Denzel Washington.
Outstanding acting - terrible storyline.
Outstanding acting - terrible storyline.
- Sun Jan 22, 2017 8:37 am
- Forum: Personal Investments
- Topic: Rolling Over A 401K
- Replies: 6
- Views: 900
Re: Rolling Over A 401K
One important consideration for you is the following:
- should you leave your investments in the 401k, your former employer still 'controls' the plan (i.e. Which fund company, the types of funds available, etc.)
- should you roll over your investments into an IRA, you have control of which fund company to use, their available funds, etc.
Good luck & great profits!
- should you leave your investments in the 401k, your former employer still 'controls' the plan (i.e. Which fund company, the types of funds available, etc.)
- should you roll over your investments into an IRA, you have control of which fund company to use, their available funds, etc.
Good luck & great profits!
- Mon Jan 16, 2017 6:22 am
- Forum: Personal Investments
- Topic: Value of House in Planning for Retirement
- Replies: 46
- Views: 4487
Re: Value of House in Planning for Retirement
Whether you consider your primary residence as part of your retirement portfolio is obviously debatable. However, I believe that your projections are too optimistic. Will your current house really appreciate in value at 3% per year (every year) until you retire? Will it be easy, without costs (realty, closing, relocation, etc.), to sell your current house?
If you are confident with your assumptions, 'drive on'. If not, you may want to tone them down.
Good luck & great profits!
If you are confident with your assumptions, 'drive on'. If not, you may want to tone them down.
Good luck & great profits!
- Mon Jan 16, 2017 6:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Lease vs. Buy - Car
- Replies: 5
- Views: 1962
Lease vs. Buy - Car
Can you please provide some advantages/disadvantages for a lease vs. buy decision on a car?
Am doing my due diligence prior to making a decision within the coming months.
Thank you, in advance.
Am doing my due diligence prior to making a decision within the coming months.
Thank you, in advance.
- Fri Jan 13, 2017 6:39 am
- Forum: Personal Finance (Not Investing)
- Topic: What else can I do with my job experience
- Replies: 14
- Views: 2245
Re: What else can I do with my job experience
I would suggest trying 'LinkedIn' as a great place to network and search for similar type of employment opportunities.
Obviously, you will have to describe your current strengths, abilities, and work history to best match what you are looking for.
Good luck.
Obviously, you will have to describe your current strengths, abilities, and work history to best match what you are looking for.
Good luck.
- Fri Jan 13, 2017 6:24 am
- Forum: Personal Investments
- Topic: how friends can hurt you financially unintentionally
- Replies: 24
- Views: 4248
Re: how friends can hurt you financially unintentionally
The lines are blurring more & more between U.S. And international investments. All of the S&P 500 companies do business outside of the geographical United States. Just because their headquarters are located in the U.S. Or they are licensed here, doesn't mean that they are not affected by foreign exchange rates, countries' labor laws, foreign inflation, monetary policy, etc. Further, if a company is a manufacturer of goods, many times their sub-components are fabricated elsewhere and simply finished in a U.S. Factory.
So, while investing some of your portfolio in international funds is advised, it is not necessary to have a diversified allocation.
Good luck & great profits!
So, while investing some of your portfolio in international funds is advised, it is not necessary to have a diversified allocation.
Good luck & great profits!
- Sat Nov 19, 2016 6:23 am
- Forum: Personal Investments
- Topic: Portfolio review; seeking to leave financial advisors
- Replies: 20
- Views: 2850
Re: Portfolio review; seeking to leave financial advisors
Your logic appears sound. I believe that you can make the switch as soon as possble. Those ERs are very high with Wells Fargo. Your asset allocation seems good, a bit conservative, but if that is your comfort zone, you can stay with it. If at a later date you don't want to manage your portfolio yourself, you can always sign up for Vanguard's 'Personal Advisory Service' which has a fee of only 0.3%.
Good luck with your decision & great profits!
Good luck with your decision & great profits!
- Mon Nov 14, 2016 8:35 am
- Forum: Personal Investments
- Topic: Book recommendation to new investors
- Replies: 11
- Views: 2063
Re: Book recommendation to new investors
The most complete, understandable and action-oriented personal investment advice book that I would recommend is Jack Bogle's 'Common Sense on Mutual Funds (10 ed.)'.
Good luck and great profits!
Good luck and great profits!
- Tue Sep 27, 2016 7:01 am
- Forum: Personal Consumer Issues
- Topic: Three Full Days in Asheville, NC - Help for First Timers
- Replies: 30
- Views: 4939
Re: Three Full Days in Asheville, NC - Help for First Timers
I would recommend the Sierra Nevada brewery tour. It is a fascinating place with professional, down-to-earth, informative tour guides. They also have a great gift shop and restaurant with unique dishes.
- Tue Sep 27, 2016 6:54 am
- Forum: Personal Finance (Not Investing)
- Topic: Does it matter what type of college one goes to?
- Replies: 278
- Views: 33001
Re: Does it matter what type of college one goes to?
On the short-term, Yes, recruiters can be biased. On the long-term, No, the cream does rise to the top.
- Mon Sep 19, 2016 6:25 am
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7650
- Views: 1723386
Re: What Book Are You Currently Reading? Part VI
Commander-In-Chief by Tom Clancy, one of his best.
- Wed Sep 14, 2016 7:13 am
- Forum: Investing - Theory, News & General
- Topic: Your Questions for the Experts Panel Q&A @ Bogleheads Conference
- Replies: 52
- Views: 12071
Re: Your Questions for the Experts Panel Q&A @ Bogleheads Conference
What is the panel's recommendation on the optimal range for one's equities holdings in international funds? VG is now recommending 30%-50%. Do other Bogleheads agree with this range?
Thank you.
Thank you.
- Tue Sep 13, 2016 6:20 am
- Forum: Personal Investments
- Topic: Wait to switch from active to passive
- Replies: 11
- Views: 1836
Re: Wait to switch from active to passive
The sooner that you make the transition to index funds, the lower will be your parent's expenses due to lower expense ratios. I would suggest that you make these moves now.
Good luck & great profits.
Good luck & great profits.
- Fri Aug 19, 2016 6:31 am
- Forum: Personal Investments
- Topic: index funds
- Replies: 3
- Views: 765
Re: index funds
Index funds, because of their low expenses and diversification, can be used in all types of portfolios.
Good luck & great profits!
Good luck & great profits!
- Sun Aug 14, 2016 3:10 pm
- Forum: Personal Consumer Issues
- Topic: Epson Multimedia Projectors for TV Home Theater - Advice Needed
- Replies: 1
- Views: 523
Epson Multimedia Projectors for TV Home Theater - Advice Needed
Does anyone have any experience with Epson Multimedia Projectors for use in a Home Theater System?
Specific models and any installation advice (tips, tricks, traps) would be greatly appreciated.
Thank you, in advance.
Specific models and any installation advice (tips, tricks, traps) would be greatly appreciated.
Thank you, in advance.
- Mon Aug 01, 2016 5:34 am
- Forum: Personal Investments
- Topic: Inactive employer 401k question
- Replies: 12
- Views: 1544
Re: Inactive employer 401k question
When you do retire, you can transfer this portion of your portfolio into a 'Rollover IRA' with Fidelity (or whomever) which will give you the freedom to chose from a vast array of mutual funds.
Good luck & great profits!
Good luck & great profits!
- Fri Jul 22, 2016 6:24 am
- Forum: Personal Investments
- Topic: A Well Balanced Portfolio?
- Replies: 17
- Views: 2911
Re: A Well Balanced Portfolio?
Yes, a well-balanced and ultra low cost portfolio.
Now, I would recommend that you stay true to it, whether you are 20 years old or 80.
Good luck & great profits!
Now, I would recommend that you stay true to it, whether you are 20 years old or 80.
Good luck & great profits!