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Old 05-07-2015, 04:32 PM   #1
Confused about dryer sheets
Join Date: May 2015
Location: San Francisco
Posts: 1
Hello ER! Here I am!

Hi all! Great to be here.

I've been lurking for a few months now, and thought I'd jump in and be an active participating member.

I'm 42 years old, not married (girlfriend of 2 years), no kids.

I own a small business and presently make about $350k a year.

No debt, and rent a relatively inexpensive apartment by San Francisco standards (locked into rent control). I live far below my means, and am trying to keep my spend down. My day-to-day expenses are very little... but I do enjoy playing, and tend to buy "toys for boys". Think boat, jetski, UTV, dirtbikes, and everything in-between.

I have approximately 1.1M invested in Vanguard index funds.

I'm a relatively unsavvy investor, but I am disciplined. I've been following the asset allocation recommendations from the No-Load Investor newsletter "wealth builder" program for about 10 years... it's treated me well.

I always max out my SEP IRA... and dump everything I have left over every month into Vanguard.

I don't have a retirement horizon, as I still have a lot more to make before feeling like I have enough for ER. If I had 4M today, I'd strongly consider exiting.

I recognize that it's unlikely I have the time to dedicate to becoming a master investor, so I like the ease of simply following the newsletter's asset allocation. Just recently however, I've been wondering if it's time to get a professional money manager involved... which would cost about 1% annually of my total of my investment with them. Food for thought.

That's who I am... hello to all! Great to be here with such a great group of folks!

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Old 05-07-2015, 04:49 PM   #2
Walt34's Avatar
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 14,143
Welcome to the forum!

You're off to a great start for ER. Others will chime in shortly but instead of a money manager I'd suggest reading Millionaire Teacher by Andrew Hallam and save the manger's fees.

I heard the call to do nothing. So I answered it.
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Old 05-07-2015, 04:54 PM   #3
Dryer sheet wannabe
Join Date: Jan 2015
Posts: 22
Welcome and very solid..keep going!
valueplayer is offline   Reply With Quote
Old 05-07-2015, 04:56 PM   #4
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Join Date: Mar 2013
Location: Limerick
Posts: 1,067
If you're disciplined enough to not panic in a down market and to stick to a sensible asset allocation in index mutual funds/ETFs with low expenses, you'll be fine. That 1% expense adds up to big bucks over time.
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Old 05-07-2015, 05:15 PM   #5
Thinks s/he gets paid by the post
Join Date: May 2008
Posts: 2,735
A lot of the people who ER are burned out from job, typically because of bosses and coworkers.

Since you're the boss, maybe you're not feeling the pull to get out?
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Old 05-07-2015, 05:58 PM   #6
Full time employment: Posting here.
Join Date: Jul 2014
Posts: 503
Welcome. Sounds like you're on the right track with LBYM and saving. Most people here recommend a simple allocation of low cost funds, so you're more on track than you realize. I think you can learn all you need to feel comfortable handling your own investments - there are a number of threads here with a recommended reading list or suggestions on books to help,

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