Seeking financial independence is not about #retiring or stopping #work. It is about having the option to stop the work that you don’t need to focus on the things that matter most in your #life, a hobby, a side job, a philanthropic dream.
#Invest wisely to reach that situation.
@MillionaireDoor Good Income
One question though especially that you are retired now.
I see 62 CC and CSP trades
How much time is this taking from you?
It is really passive income, or more of an active income?
@SandLot84 They are working towards their financial demise even tough they are high earners and should be able to achieve financial independence in less than 15 years
John Bogle's rules for sound investing
1. Choose a sound financial lifestyle
2. Start early & invest regularly
3. Know what you are buying
4. Preserve your buying power
5. Keep costs & taxes low
6. Diversify your stock portfolio
7. Diversify your stock risk with a bond portfolio
Your retirement money is like a tree.
If you don’t plant it and water it early enough, you will not find it when you need it.
Start saving & investing early.
A simple ETF like $VTI might be all what you need.
I want to make clear that I think we are in a correction within a new bull market that started off the lows in October 2022. But my opinions do not drive my trading... sound principles and managing risk in real time does. The current tape is bearish and I have no idea how much the market will correct, or if it will bottom tomorrow. Fortunately, I don't need a crystal ball and I don't need to pick bottoms to be a highly profitable trader. With few stocks meeting my criteria and a market that is clearly under distribution, I have been forced into cash months ago and will hibernate until conditions improve. This is nothing new or different than what I have been doing successfully over my 40-year trading career. I'll let the Monday Morning Quarterbacks and the pundits spew their worthless opinions in hindsight while I continue to make millions in real time.
You need to ask yourself whether you truly have the skills and temperament to beat the market.
Otherwise, just buy index funds such as $VTI , $VOO , $VWRD , $SCHD or $VYM
BREAKING NEWS
THE CEO OF HSBC IS WARNING THAT THE WORLD IS AT A TIPPING POINT ON DEBT THAT THREATENS TO SPARK A GLOBAL RECKONING AFTER YEARS OF GOVERNMENT BORROWING BINGES
This is a massive bank.
People are officially waking up.
It’s the 22nd of the month.
Did you save a portion of your salary on the 1st of October and invest it in the stock market?
Or are you waiting for the month to finish and see what money is leftover in your wallet to do that?
SAVE before you SPEND
That’s the only way it works!
$VTI has averaged 11.23% in the past 10 years and 7.82% since inception in 2001
It has a low expense ratio of 0.03%
Profitable Investing cannot be easier than that!
Just start today if you did not yet and add to your position / portfolio each month!
Thank me in 20 years!
I still can’t understand how problems like world hunger, are resolved by creating fake meat and insects based food.
Anybody else thinks this is going too far and kind of insane?