Quote:
Originally Posted by Spanky
There are two schools of thought/thinking:
1. Since I do not need the money to live on, I can take on more risks, e.g., 100% equity.
2. Since I do not need to grow our portfolio, I should invest conservatively.
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3. Since I do not need the money to live on, I can spend more, take more vacations, have nicer meals & wheels, hire maids and cooks, better physicians, etc.
4. Since I do not need to grow our portfolio, I should give more away to charity.