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40 yrs of age from Hawaii and hoping to retire in 15 yrs.
03-07-2011, 01:01 PM
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#1
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Confused about dryer sheets
Join Date: Feb 2011
Posts: 7
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40 yrs of age from Hawaii and hoping to retire in 15 yrs.
Hi Everyone,
DailyGrind here, at least it feels that way. I've been reading the forum for a few weeks now and there are a lot of contributors here with sound advice. I'd like to first say thank you to all the vets and contributors for sharing your wisdom.
I'm 40 yrs old this yr, am married and have 3 young kids (ages 6 months - 6 yrs old). Currently have about 200k in 401k, 60k in Roth IRA, 120k in equity Mutual Funds, and 100k in cash. I contribute the max to 401k ($16,500) as well as max funding Roth IRA's for myself and wife ($10,000) yearly. I'm still able to save around $30,000 a year on top of contributing to my retirement accounts. My asset allocation is 95% stock Mutual Funds (emerging market, international, technology, large cap, mid cap, small cap, natural resources, real estate), 5% Bond Mutual Funds.
I know I need to plan or allocate my investments better. I'm open to all suggestions and critique. Be as brutally honest as you want.
Aloha,
DailyGrind
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03-07-2011, 02:13 PM
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#2
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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You would not be a coffee grower on the Big Island, BTW?
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03-07-2011, 02:18 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
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Welcome. I don't see anything wrong with being invested 95% in stock Mutual Funds. I'm going to wait a few years to buy bonds, until interest rates go up.
__________________
Greg (retired in 2010 at age 68, state pension)
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03-07-2011, 02:19 PM
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#4
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Confused about dryer sheets
Join Date: Feb 2011
Posts: 7
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 Quote:
Originally Posted by rescueme
You would not be a coffee grower on the Big Island, BTW?
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lol. That's pretty witty. No, I wish my life was that interesting. My daily grind consists of commuting to and from my 9-5 job.
Perhaps when I do actually retire, I'll get to devote more time to hobbies and such.
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03-07-2011, 02:24 PM
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#5
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by DailyGrind
lol. That's pretty witty. No, I wish my life was that interesting. My daily grind consists of commuting to and from my 9-5 job.
Perhaps when I do actually retire, I'll get to devote more time to hobbies and such.
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The reason I asked was that I worked with a young women who (along with her DH) packed it in at a young age and they relocated from the Mid-Atlantic to your state to do exactly that, along with running a small B&B on their property. The ages and kids (only one when I knew her) sounded about right  ...
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03-07-2011, 02:26 PM
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#6
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Confused about dryer sheets
Join Date: Feb 2011
Posts: 7
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Quote:
Originally Posted by GregLee
Welcome. I don't see anything wrong with being invested 95% in stock Mutual Funds. I'm going to wait a few years to buy bonds, until interest rates go up.
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Thanks! We're practically neighbors. I'm in Kailua. I've been riding the Tech and emerging markets waves since '95. I think I've only about broke even. Trying to understand if a slow and steady approach is better seeing how my time horizon is getting shorter.
Any other investment ideas out there worth considering? Real estate, commodities, annuities/IUL? Or are stocks/bonds the best primary investment vehicle out there?
Thanks for your reply.
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03-07-2011, 02:29 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Welcome. if you really want a brutal analysis of your portfolio, post at Bogleheads. This is a suggested posting format :
Bogleheads :: View topic - Asking Portfolio Questions
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03-07-2011, 03:02 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
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Quote:
Originally Posted by DailyGrind
Real estate, commodities, annuities/IUL?
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I don't have a clue. I'm just rather distrustful right now of bonds. Though there seem to be plenty of folks here who are still investing in them. But since I've already retired, I don't have quite the same problem as most contributors to this forum.
__________________
Greg (retired in 2010 at age 68, state pension)
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03-07-2011, 03:47 PM
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#9
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Confused about dryer sheets
Join Date: Feb 2011
Posts: 7
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03-07-2011, 03:52 PM
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#10
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Confused about dryer sheets
Join Date: Feb 2011
Posts: 7
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Quote:
Originally Posted by GregLee
I don't have a clue. I'm just rather distrustful right now of bonds. Though there seem to be plenty of folks here who are still investing in them. But since I've already retired, I don't have quite the same problem as most contributors to this forum.
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LOL. I'm rather distrustful of everything right now, that's why I have 20% cash and trying to figure out what to do with everything I have. I would love to put it on autopilot and come back to it in a few years.
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03-07-2011, 04:17 PM
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#11
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 599
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Here is an "autopilot" type idea if you are in a higher tax bracket and have some non tax deferred money to invest.
http://boards.fool.com/in-one-sense-...-29152935.aspx
__________________
ER'ed from the new car business Feb 2008. I'm 47, she's 45. Two boys ages 15 and 13. DW is SAHM. I've got a part-time used car lot I w*ork at 3 hours a day that keeps me in beer money.....
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