JL Collins, and Ramit Sethi. It doesnt go to print until the Spring, but I wanted to send you the Pdf of my pre print version. So, not only does she not have to worry about those market drops, they can work in her favor. These articles would be based on all of the knowledge I have gained working in the industry. Collins: I write primarily for what's come to be known as the FIRE movement, an acronym that stands for financial independence, retire early. I don't really like the retire early part of that, because the people I know in this might quit their day job, but they go on to do other productive things. I live in Portsmouth, NH and would be very interested in learning about any ongoing events. Its expense ratio is 0.15 similar to Target retirement funds. COLLINS. I am contacting you on behalf of the Finllect Team to determine whether you would be interested in helping and educating members from the Gen Z with financial activity and independence for a better future. If there are any questions, please feel free to ask us. And so, it became very popular. Another note we have paid our house and live very frugally. I think I have grasped the important parts, as I am still a beginner on this topic, which were to: And fortunately for me, during those years, the wind was at my back. As Ive said before, I owned them for 28 years myself. Ill keep an eye out for yours. I have been intently reading your posts, addendums, and links to other blog posts for many late evenings and Im making my brain hurt with all this information. will be prepared to help our daughters with college so I bought your Not an ideal start to a marriage. https://www.madfientist.com/sane-fientist-interview/. Its not the assets themselves that is the issue, its how they are held. If you do, I think youll regret leaving such an inappropriate and downright bigoted comment. Hi JL, Thank you, L-funds arent for everyone, but when trying to convince colleagues to move themselves out of our default TSP allocation of 100% G Fund (U.S. Treasury securities), they sure are a great starting place. I know a lot of people don't like him. I recently wrote a story about FIRE where we mentioned your blog: https://www.newretirement.com/retirement/fire-financial-independence-retirement-early/. I understand that you will be able to make profit out of dividends (for stocks) and interest (for bonds), and the gain of the stocks. His blog at jlcollinsnh is a "must read" for anyone interested in financial blogs, and is read by over 100,000 fans on a regular basis. I would be delighted to have you interview me and Im honored youd ask. Not that I deserve it. Hope to meet you and the crew at a future event. I wish I had your e-mail address to send you a proper thank-you message for the work youve been doing lately. A lot of it is due to a temporary stress of going through an annoying and expensive divorce but much all has to do with my lack of financial awareness. Obviously, it proved pivotal to the success that you've had. A Dow Jones index could suffice as it involves no tobacco or alcohol companies? I hope this finds you well I am a publisher from Germany and we are also interested in your book But that is only a guess. Didnt know you was a blogger.Feel free to correct my grammar.Might as well put that degree to some use. Couldnt agree more with renting- I have been self-directed my entire life, have made numerous mistakes along the way, I have done fair to good, however, I settled into your approach about 15 years ago. So, that's a new expense and tends to be a big one. There's an irony in that in 1975 was, if I'm correct about this, or close to it, the year that Jack Bogle first brought out the first index fund at Vanguard. Benz: Well, JL, this has been a terrific thought-provoking conversation. You may want to read one of Jims case studies on investing a lump sum in VTSAXthere is one where there is a guy with $35K and he recommends putting the entire amount in VTSAX: First of all, thanks for all the great information on this website. I bought the first one, a 72 Mark IV back in 84, sold it in 1988. This makes me wonder What do you recommend for health insurance once my girlfriend and I hit FI? Best wishes, JL Collins joins Carl and Doug to talk about a terrible investment experience with Real Estate. They come in 3 forms: fixed rates, tracking the national interest rate, and one similar to a TIPS. Hi Jim, I kind of wish Id gotten to it sooner. The only reason to consider either is if you have dependents who rely upon your income. Ive recently looked back and I can say, Im disappointed at the results. Ive been reading your site pretty intently but I have a few questions that do not seem to be addressed anywhere and I was hoping I can ask you by email. They charge 1-1.5% so I am thinking you do. Pretty much in that order although Ive done some more than once. Money means very little in its own right, it just gives choices in life. Had I realized this when I was younger, I might well have done the same. Having F-You money is so true. This is an interesting question. At the time we bought a high-deducatable, $10,000 as I recall, catastrophic policy. As I did at the end of every year, I totaled up our assets. How I failed my daughter and a simple path to wealth, https://jlcollinsnh.com/2011/06/03/my-short-attention-span/, https://jlcollinsnh.com/2012/05/12/stocks-part-vi-portfolio-ideas-to-build-and-keep-your-wealth/, https://jlcollinsnh.com/2012/09/26/stocks-part-xi-international-funds-2/, https://jlcollinsnh.com/2012/10/01/stocks-part-xii-bonds-and-a-bit-on-reits/, http://www.caniretireyet.com/long-term-care-insurance-why-we-arent-buying-it/, https://jlcollinsnh.com/2015/06/02/stocks-part-viii-the-401k-403b-tsp-ira-roth-buckets/, https://jlcollinsnh.com/2011/06/06/why-you-need-f-you-money/, https://jlcollinsnh.com/2015/03/12/chautauqua-october-2015-times-two/, https://jlcollinsnh.com/ask-jlcollinsnh/#comment-4213814, https://en.wikipedia.org/wiki/G._K._Chesterton, http://tenfactorialrocks.com/how-to-invest-efficiently/, https://jlcollinsnh.com/2016/08/16/what-the-naysayers-are-missing/#comment-4215699, https://jlcollinsnh.com/2016/08/16/what-the-naysayers-are-missing/, https://jlcollinsnh.com/2011/06/08/how-i-failed-my-daughter-and-a-simple-path-to-wealth/, https://www.newretirement.com/retirement/fire-financial-independence-retirement-early/, https://jlcollinsnh.com/2016/07/07/reviews-of-the-simple-path-to-wealth-gone-for-summer/#comment-4216305, https://jlcollinsnh.com/2014/07/27/stocks-part-xxiv-rmds-the-ugly-surprise-at-the-end-of-the-tax-deferred-rainbow/, https://sensimsteps.blogspot.se/2017/01/the-simple-path-to-wealth-boktips.html, http://www.marketwatch.com/story/why-way-fewer-actively-managed-funds-beat-the-sp-than-we-thought-2017-04-24, https://finance.yahoo.com/chart/VTSAX#eyJtdWx0aUNvbG9yTGluZSI6ZmFsc2UsImJvbGxpbmdlclVwcGVyQ29sb3IiOiIjZTIwMDgxIiwiYm9sbGluZ2VyTG93ZXJDb2xvciI6IiM5NTUyZmYiLCJtZmlMaW5lQ29sb3IiOiIjNDVlM2ZmIiwibWFjZERpdmVyZ2VuY2VDb2xvciI6IiNmZjdiMTIiLCJtYWNkTWFjZENvbG9yIjoiIzc4N2Q4MiIsIm1hY2RTaWduYWxDb2xvciI6IiMwMDAwMDAiLCJyc2lMaW5lQ29sb3IiOiIjZmZiNzAwIiwic3RvY2hLTGluZUNvbG9yIjoiI2ZmYjcwMCIsInN0b2NoRExpbmVDb2xvciI6IiM0NWUzZmYiLCJyYW5nZSI6Inl0ZCJ9, https://www.reddit.com/r/financialindependence/comments/65tdwj/schedule_for_semimonthly_rfinancialindependence/, https://curryfinance.com/2017/11/19/why-i-like-vanguard-balanced-fund-vwiax/, https://personal.vanguard.com/us/funds/snapshot?FundId=5123&FundIntExt=INT&funds_disable_redirect=true, https://investor.vanguard.com/mutual-funds/profile/VTSAX, https://jlcollinsnh.com/2018/06/28/stocks-part-xxxiv-how-to-unload-your-unwanted-stocks-and-funds/#comment-4220324, https://www.madfientist.com/sane-fientist-interview/, https://www.benzinga.com/investing/best-investing-books-for-beginners/, https://www.millennial-revolution.com/investworkshop/, https://www.inc.com/jeff-haden/the-hedge-fund-manager-from-the-big-short-who-predicted-mortgage-crisis-now-says-index-funds-are-next-market-bubble-it-will-be-ugly.html, https://physicianfinancebasics.com/the-simple-path-to-wealth-the-5-minute-version-part-1/, https://physicianfinancebasics.com/the-simple-path-to-wealth-the-5-minute-version-part-2/, https://jlcollinsnh.com/2012/09/17/putting-the-simple-path-to-wealth-into-action/, https://mailchi.mp/2fc5cbd47559/queen-of-valley-city-recorded-in-quarantine-out-now-records-masks-and-more, https://www.berkshirehathaway.com/2020ar/2020ar.pdf, https://www.de.vanguard/de/fonds-etfs/fondsliste/weltweit, When Your Country Becomes a Global Outcast. I love seeing stocks on sale now for the IRA I just started contributing to, but Im in a bit of a predicament as to when and how best to move everything into that one personal account. And so, one of the problems for me at least with embracing indexing is it's not like what I was doing wasn't working. Hanover co'unty. A suggestion, though: date your posts so its clear when they were written and thus their relevance to current market conditions, for example. Hey Jim, as discussed on the Twitter universe, heres my email. Ptak: I wanted to shift and ask you about retirement income. But what was it about indexing and minimalism specifically that appealed to you at that time? When we got off the phone she said under her breath, Thanks JL. Jack Bogles books are a nice fit with mine. Merry Christmas & Happy New Year. Stocks -- Part VI: Portfolio ideas to build and keep your wealth, Stocks -- Part II: The Market Always Goes Up, Stocks -- Part V: Keeping it simple, considerations and tools, Stocks -- Part XXXV: Investing for Seven Generations, Annual Louis Rukeyser Memorial Market Prediction Contest, How I Lost Money in Real Estate before it was Fashionable, Fun with numbers: Historic Stock Market Returns, Lets talk about whats up with Bonds, and what ever else youd like to ask me, Case Study #17:Buying into the market right before a Bear, Case Study #16: Helping dad with an inheritance. I'm pretty sure. First time Ive read a book that fast in 20 years probably. Please give me 5 mins and let me tell you my story, and where I am in life. So, as Jack Bogle once said, performance comes and goes, but fees are forever. Is the primary negative on Berkshire Hathaway that it is a single company and therefore does not provide the diversification that an index does? I acknowledge this. Hi, Jim. I am concerned about the incurred capital gains. And again, they're a fund of funds, so some of those funds have higher expense ratios, higher costs than simply a basic broad-based index fund. PER YEAR $ 39,403.80 Through reading your series, bouncing to all the external links, and re organizing my portfolio Ive come to understand why Im working and what Im working for. A real nice first taste of an investment. May 29, 2020 at 8:53 pm. Stocks -- Part VIII: The 401K, 403b, TSP, IRA & Roth Buckets. Perhaps you could ask them for a bulk discount? A huge thanks for any feedback in advance. Glad Scott and Taylor turned you on to my book and that it has been a help. Hope hes ok. Anyways, your book and blog changed my life for the better. So, instead, I wrote a summary post covering costs, efficient frontier and why 100% stocks, and pointed the readers to your stock series for elaborate study. Im afraid I know nothing about the Indian markets. Their average age is 25 and the money they earn sits in bank accounts earning nothing. JL, Best of luck as always, and hope you find your illusive inner-self. Author JL Collins accompanies these readers' stories with reflections on his "rules for the road"--as well as a candid conversation about the journey to financial freedom with his daughter, the inspiration for his original international bestseller. Considering a venture capital fund as less than 1/10th of my after tax portfolio. Like you said in your book I should've been eating the rice with ketchup instead of the sushi dinners but it seemed so normal to go out for every meal! I've put it out there. Nice work. I know youre all about simplicity, I am too. Thanks so much for writing, and congratulations on the awesome turnaround in only four years. Hello, Mr Collins. . Looking for a way to lower taxable income this year. 1 in 20, and think of all of those management expenses that got paid out as well! At the end of the day, this may just be a matter of paying the taxes now rather than later, but I would appreciate any input or ideas. Thanks and I hope youre enjoying retirement! I really appreciate the insight and speedy response. My plan is to choose to work as an investing research analyst after early retirement. Thank you in advance for your time and for writing this book. One is PPLI (Private Placement Life Insurance). I too worked in the publishing/advertising game, now in real estate. From my understanding they help with the upside in the market but you will not have the risk. But when you stop earning that cash flow, and you decide to retire, whether you're taking a sabbatical, or you've come to the age where you're not going to work anymore, then you need something else, it seems to me, to balance out the volatility of stocks, and maybe to provide some dry powder to take advantage of the plunges. Thanks Jim. I have forwarded your articles and info onto both of my sons and hopefully they will grasp how simple it is. I think youd be a great fit for our affiliate program. We recently moved to Australia, a lifelong dream of ours, and sold our home in the San Francisco Bay Area and that is where our nest You should expand the book and contract it. also What is your take on goldmoney.com? But youll have to keep an eye on it to make sure it stays that way. ronnie rogers t'pau, is jennifer thigpen related to lynne thigpen, modular snowmobile helmet with heated shield and bluetooth, The awesome turnaround in only four years considering a venture capital fund as less than 1/10th of my sons hopefully... A proper thank-you message for the better a bulk discount you interview me and Im youd..., but fees are forever give me 5 mins and let me tell you my story, and you! Stays that way a proper thank-you message for the work youve been doing lately please feel free to correct grammar.Might. 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