Seriously get in TSLA. It's going to double by March, probably earlier.
I could buy ETFs and do the boglehead/lazy portfolio but the returns are minimal compared to picking market leaders. Also you need to be making serious money for those to be valuable or live a frugal life and then spend when you are dead.
This is where skill really matters.
Also if what I said was so preposterous you should have said, I will give you 10x your return if that happens and give me a 2x if it doesn't.
Every now and then someone contacts me interested in buying some shares of that company, which I promptly sell and immediately buy index funds with the proceeds. I liquidated about $1M of those shares already, I wish I could sell the rest, it is so “painful” having so much of your net worth locked up into an incredibly illiquid, risky and unpredictable asset.
I don’t invest in nor own anything else (except a few months of living expenses in a savings account): I’m a happy renter and don’t own a car.
Have you been increasing bond allocation over time or just sticking to a 70/30 lazy portfolio?
Is 30% too much or too little from your experience? I can understand people preferring stocks at the moment because bond yields are so low. But that won't be the case forever :)
- 30% Industrial/Commercial Real Estate
- 5% Crypto
- 40% Cash
I'd like to reduce the cash. Will probably buy gold with about half the cash to align with a more all weather portfolio [0].
0. https://ofdollarsanddata.com/ray-dalio-all-weather-portfolio...
This made me quit my job without any other offer. I got hike of 35% during peak lockdown of Corona. Money in bank account is just numbers. Invest in yourself and learning.
