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Old 10th June 2017, 08:58 PM   #21
olsond3 is offline olsond3  United States
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I like S&P500 and BRK.B with some fraction in real estate which can be accessed using a Vanguard REIT. I track everything locally using Quicken.

If you want a portfolio on autopilot: https://www.bogleheads.org/wiki/Lazy...azy_portfolios

https://www.motifinvesting.com/motif...6579#/overview

My buddy subscribes to Motley Fools Options and follows those trades to generate monthy income, but it requires you to "work" by doing the trades.

If you want to dig in deep, read Security Analysis by Benjamin Graham.

Last edited by olsond3; 10th June 2017 at 09:23 PM. Reason: added content.
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Old 10th June 2017, 09:34 PM   #22
olsond3 is offline olsond3  United States
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If your goal is financial independence then,

Read the original book of frugality: Your Money Or Your Life

If you want to get serious, and are not a "complainypants" go read every post from the beginning of Mr. Money Mustache — Early Retirement through Badassity blog located here:

https://www.mrmoneymustache.com/2011...oney-mustache/
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Old 11th June 2017, 01:05 AM   #23
scott wurcer is online now scott wurcer  United States
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Originally Posted by olsond3 View Post
"complainypants"
That's me.
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Old 11th June 2017, 01:37 AM   #24
jackinnj is offline jackinnj  United States
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@scott -- in Shaker Hts. a lot of the houses trade for the same price as they did in the Ghoulardi days .

My advice to folks in their late 30's and early 40's would be to invest in friends who look to become very successful -- via friendship and support, and the occasional party. Pick the ones you know to be honest.

In the States, the best investment you can make is in a Roth IRA, but 1031 exchanges are indeed valuable.

In the non-monetary sphere -- your parish or synagogue will never let you down, and that's more valuable than money.
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Old 11th June 2017, 02:38 AM   #25
scott wurcer is online now scott wurcer  United States
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@scott -- in Shaker Hts. a lot of the houses trade for the same price as they did in the Ghoulardi days .
That's a problem, in select locations we have 50/1 in the same time frame. I was more referring to the bike to work and the Kraft mac and cheese dinners. Been there, the cheapest eats circa 1971 was a mac and cheese at 6 for $1 and canned mackerel at 25 cents a can, two meals for 21 cents. You would appreciate the fact the my mother sent me used bowling shirts from Milwaukee to supplement my wardrobe.

The whole not working for someone is too much a holy grail for many people. If your talents and skills are in a field that requires a huge infrastructure, so what, you work where it's provided. Retirement early and living like a cheap Yankee is worse than work IMO.
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Old 12th June 2017, 12:01 AM   #26
olsond3 is offline olsond3  United States
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The whole not working for someone is too much a holy grail for many people.
Well, that's funny coming from a retired guy. I myself find the best time to fly RC planes is when the kids are in school, maybe Tuesday at 10:00 AM. The field is empty. I also notice the best time to go boating is on week day late mornings. No crowd on the lake. In fact the highway has no traffic from 10AM till 2:00 PM, so I like to get out then. Same for golf. My boss just didn't understand, so we had to part ways. I now call him up and go out to lunch every few months. He usually has to leave after an hour. Has a huge house and such to pay for.

I think the whole working for someone is too much of a holy grail for most people, but it keeps them out the way for the rest of us who don't.
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Old 12th June 2017, 12:19 AM   #27
jackinnj is offline jackinnj  United States
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You would appreciate the fact the my mother sent me used bowling shirts from Milwaukee to supplement my wardrobe.
I almost fell off my chair when I read that -- the fashion plate of Massachusetts Ave.

I hated "hand-me-downs" from my cousin, even as a little kid in grade school I thought I was being re-cast in a Hal Roach comedy.
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Old 12th June 2017, 12:33 AM   #28
Cal Weldon is offline Cal Weldon  Canada
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My mother bought me a pair of red jeans for $2 instead of blue jeans for $4. She thought no one at school would notice. Hmmm... she did notice my black eye at the end of the day and not surprisingly didn't ask me to wear them again. Frugality is in my blood but not to the point of being cruel to children.
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Old 12th June 2017, 02:04 AM   #29
scott wurcer is online now scott wurcer  United States
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Same for golf. My boss just didn't understand, so we had to part ways.
Golf was easy the course opened at 5:30 AM. Maybe I was not totally clear, some folks make an almost moral issue out of it. It's best no judgement be applied either way. I'm retired yes, but worked 42 yr. and don't have simple tastes. We have flowed with the economy between buying clothes at Goodwill and flying business class and staying in 5 star hotels and back again and back again, without any shame it's just what you do. I was ingrained with DIY and total resilience (along with lots of bad things) by my father.
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Old 12th June 2017, 02:13 AM   #30
scott wurcer is online now scott wurcer  United States
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I almost fell off my chair when I read that -- the fashion plate of Massachusetts Ave.
So did I when a friend saw one of them in a trendy retro shop only about 5yr. ago. I gave gave them all to the Salvation Army around 1976. Ice House Mary's, he actually remembered from when we were at MIT together. Mary Malinowski, pickled eggs and pig's feet always available.
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