yakers
Thinks s/he gets paid by the post
bpp said in part...
Having lived in the US in the 70s/80s, with one year in the
UK in there, and Japan in the 90s/00s, I have seen a lot
of economic malaise in my life, and I don't think that I would
trust any good times to last, should I ever find myself in the
right time and place to experience them. My basic strategy
is to emphasize saving, diversification, and low costs.
Hey, bpp, maybe you can comment on the financial situations you experienced. I was in the UK durning some of their decline but was very financially unconscious, courtesy of the US Navy. In fact the one FI type guy I remember (said I don't buy cars, only things that appreciate) I thought was nuts.
But since then I have come to wonder, suppose I was some average Japanese guy 15 years ago, say $60k income or any other working amount, and I came to think that Japan Inc was just over priced, real estate and stocks. But I still live there and work there, no plan to relocate. What could I do financially to make some money or at least do better than the fellow financially asleep at the next desk?
I think we have come to a similar situation to that which I used to make fun of. But I still live and work here. My financial world is based on a pension, a paid off house, and some tax deferred savings, mostly index funds. But I sctatch my head and think there must be something better that I could do with at least part of my funds. The only problem with my increasing my 20% funds in a total foreign index is that right after the US declines I expect a good number of other countries to follow. Everybody has problems, although ours seem to be too much of our own making.
I'd like to hear your take on financial issues.
Having lived in the US in the 70s/80s, with one year in the
UK in there, and Japan in the 90s/00s, I have seen a lot
of economic malaise in my life, and I don't think that I would
trust any good times to last, should I ever find myself in the
right time and place to experience them. My basic strategy
is to emphasize saving, diversification, and low costs.
Hey, bpp, maybe you can comment on the financial situations you experienced. I was in the UK durning some of their decline but was very financially unconscious, courtesy of the US Navy. In fact the one FI type guy I remember (said I don't buy cars, only things that appreciate) I thought was nuts.
But since then I have come to wonder, suppose I was some average Japanese guy 15 years ago, say $60k income or any other working amount, and I came to think that Japan Inc was just over priced, real estate and stocks. But I still live there and work there, no plan to relocate. What could I do financially to make some money or at least do better than the fellow financially asleep at the next desk?
I think we have come to a similar situation to that which I used to make fun of. But I still live and work here. My financial world is based on a pension, a paid off house, and some tax deferred savings, mostly index funds. But I sctatch my head and think there must be something better that I could do with at least part of my funds. The only problem with my increasing my 20% funds in a total foreign index is that right after the US declines I expect a good number of other countries to follow. Everybody has problems, although ours seem to be too much of our own making.
I'd like to hear your take on financial issues.