Author Topic: 100% stocks still?  (Read 13107 times)

hodedofome

  • Handlebar Stache
  • *****
  • Posts: 1442
  • Age: 41
  • Location: Texas
Re: 100% stocks still?
« Reply #150 on: July 20, 2020, 08:43:57 PM »
My 92 year old grandpa “I haven’t bought a bond in my life.” Lol

If he's been investing for most of his adult life that must have been a wild profitable ride...

Me: grandpa have you ever been on margin?
Grandpa: I've been on margin for 50 years

He doesn't tell me about all his losses (which I am sure are numerous), but I know he made $1 million on Amazon alone and his account is upwards of 8 figures. Stocks and mowing the lawn is about the last thing he has to keep his mind sharp and body moving, so the family just lets him do his thing.

Wow. I expect I could enjoy a good conversation with anyone who has 8 figures invested and still mows their own lawn.

I can point you to many family members who would be more than happy to let you be the one to have to listen to him all day. I know my uncles and dad are thrilled when he finds somebody else to talk to.

He’s very middle class, grew up very poor in the depression so lives frugally, saved a ton and has invested aggressively even into old age. I suppose many on this site could end up in the same financial position as long as they invest aggressively into their 90s.

hodedofome

  • Handlebar Stache
  • *****
  • Posts: 1442
  • Age: 41
  • Location: Texas
Re: 100% stocks still?
« Reply #151 on: July 20, 2020, 08:46:57 PM »
My 92 year old grandpa “I haven’t bought a bond in my life.” Lol

If he's been investing for most of his adult life that must have been a wild profitable ride...

Me: grandpa have you ever been on margin?
Grandpa: I've been on margin for 50 years

He doesn't tell me about all his losses (which I am sure are numerous), but I know he made $1 million on Amazon alone and his account is upwards of 8 figures. Stocks and mowing the lawn is about the last thing he has to keep his mind sharp and body moving, so the family just lets him do his thing.

Wow. I expect I could enjoy a good conversation with anyone who has 8 figures invested and still mows their own lawn.

Make sure to stay on his good side and in the will.

With the ages my family members live to, I could be well into my 70s before seeing much of that money. It would be passed to my parents and uncles first. I don’t really think of it as my money because it’s so far off from ever happening. I hope to be retired on my own well before seeing a nickel of it.

Alternatepriorities

  • Handlebar Stache
  • *****
  • Posts: 1116
  • Age: 40
  • Location: Alaska
  • Engineer, explorer, investor
    • Alternate Priorities
Re: 100% stocks still?
« Reply #152 on: July 21, 2020, 12:49:38 AM »
My 92 year old grandpa “I haven’t bought a bond in my life.” Lol

If he's been investing for most of his adult life that must have been a wild profitable ride...

Me: grandpa have you ever been on margin?
Grandpa: I've been on margin for 50 years

He doesn't tell me about all his losses (which I am sure are numerous), but I know he made $1 million on Amazon alone and his account is upwards of 8 figures. Stocks and mowing the lawn is about the last thing he has to keep his mind sharp and body moving, so the family just lets him do his thing.

Wow. I expect I could enjoy a good conversation with anyone who has 8 figures invested and still mows their own lawn.

I can point you to many family members who would be more than happy to let you be the one to have to listen to him all day. I know my uncles and dad are thrilled when he finds somebody else to talk to.

He’s very middle class, grew up very poor in the depression so lives frugally, saved a ton and has invested aggressively even into old age. I suppose many on this site could end up in the same financial position as long as they invest aggressively into their 90s.

Well if he wants to visit Alaska post covid let me know.

shinn497

  • Bristles
  • ***
  • Posts: 430
Re: 100% stocks still?
« Reply #153 on: July 21, 2020, 01:28:24 AM »
Yes still. And always

hodedofome

  • Handlebar Stache
  • *****
  • Posts: 1442
  • Age: 41
  • Location: Texas
Re: 100% stocks still?
« Reply #154 on: July 21, 2020, 02:37:12 PM »
My 92 year old grandpa “I haven’t bought a bond in my life.” Lol

If he's been investing for most of his adult life that must have been a wild profitable ride...

Me: grandpa have you ever been on margin?
Grandpa: I've been on margin for 50 years

He doesn't tell me about all his losses (which I am sure are numerous), but I know he made $1 million on Amazon alone and his account is upwards of 8 figures. Stocks and mowing the lawn is about the last thing he has to keep his mind sharp and body moving, so the family just lets him do his thing.

Wow. I expect I could enjoy a good conversation with anyone who has 8 figures invested and still mows their own lawn.

I can point you to many family members who would be more than happy to let you be the one to have to listen to him all day. I know my uncles and dad are thrilled when he finds somebody else to talk to.

He’s very middle class, grew up very poor in the depression so lives frugally, saved a ton and has invested aggressively even into old age. I suppose many on this site could end up in the same financial position as long as they invest aggressively into their 90s.

Well if he wants to visit Alaska post covid let me know.

Ha, he would go there every summer on a cruise with my great uncle until my great uncle died a few years ago. He loved Alaska.

Alternatepriorities

  • Handlebar Stache
  • *****
  • Posts: 1116
  • Age: 40
  • Location: Alaska
  • Engineer, explorer, investor
    • Alternate Priorities
Re: 100% stocks still?
« Reply #155 on: July 21, 2020, 03:08:49 PM »
Ha, he would go there every summer on a cruise with my great uncle until my great uncle died a few years ago. He loved Alaska.

Nice. I've never done a cruise but they were really popular. I saw estimates that the cancelled cruises alone account for 1.4 million less visitors this year. Thats 2X the population of the state. It's been interesting to see what the state looks like without many tourist this summer. Turns out some of the things people blamed on tourists are actually on us...

waltworks

  • Magnum Stache
  • ******
  • Posts: 4861
Re: 100% stocks still?
« Reply #156 on: July 21, 2020, 09:50:44 PM »
I know several people who have 8 figures and still mow the lawn, and aren't even elderly. But I agree that it's a little weird to see. I hope I don't end up like that, though if investing and puttering around is what makes you happy... who am I to argue?

-W

chicklets123

  • Stubble
  • **
  • Posts: 126
Re: 100% stocks still?
« Reply #157 on: January 22, 2021, 08:54:24 AM »
Which stocks are you mainly invested in now?


Sent from my iPhone using Tapatalk

HBFIRE

  • Handlebar Stache
  • *****
  • Posts: 1303
  • Age: 42
  • Location: Huntington Beach, CA
Re: 100% stocks still?
« Reply #158 on: January 22, 2021, 10:51:31 AM »
My allocation changes a bit as I work for myself and it adjusts depending on how much cash I need in my business at any given time.


Current allocation is approximately as follows:

- Vanguard Retirement funds (60% of portfolio): 100% stocks
- Self Defined Benefit Plan (20% of portfolio) (Will be rolled into Vanguard at some point): This is currently managed to aim for 5-7% return per laws, the exact allocation is a bit murky, but a high % of bonds.  I was fortunate with timing that we put in our 2019 distribution ~150 K last March when the market was beaten up, so it has grown quickly.  Looking forward to rolling this over into something I can manage, but for now its a great tax advantage.
- Vanguard Brokerage (10%)   100% stocks
- Cash (10%).  High amount for business and due to being self employed.  Business has been volatile the last year, so I will keep a healthy amount on hand (~2 yrs living expenses) until it stabilizes. 

We did sell off some of our brokerage stocks last year to purchase a home here locally with interest rates so low (approx 200 K down payment).  It was a major decision, but happy we did it.



« Last Edit: January 22, 2021, 11:08:35 AM by HBFIRE »

markbike528CBX

  • Handlebar Stache
  • *****
  • Posts: 1599
  • Location: the Everbrown part of the Evergreen State (WA)
Re: 100% stocks still?
« Reply #159 on: January 22, 2021, 11:28:53 AM »
Nope,  Only 95% stocks.  The rest is split between cash and gold.   The cash is 6months normal (non-covid) spend, maybe a year (covid lockdown) spend.

Alternatepriorities

  • Handlebar Stache
  • *****
  • Posts: 1116
  • Age: 40
  • Location: Alaska
  • Engineer, explorer, investor
    • Alternate Priorities
Re: 100% stocks still?
« Reply #160 on: January 22, 2021, 11:48:06 AM »
Our SORR is mitigated by DW's plan to continuing to work as long as she enjoys it. So, yeah we're still basically still 100% equities.

Boring investments 70/30 us and international index funds. US funds have a slight tilt towards small cap.

Small speculative portion is in Appl (now a larger portion due to good timing/luck) VDE, F, CLNE, Brk.b. VDE is still underwater from what I thought was a bargain price before 2020... The others are up, but if it wasn't for Appl, I'd really be wishing I'd just put it in VTI.

Dicey

  • Senior Mustachian
  • ********
  • Posts: 15110
  • Age: 63
  • Location: NorCal
Re: 100% stocks still?
« Reply #161 on: January 23, 2021, 10:07:55 AM »
I have a small Donor Advised Fund. It is 100% in stocks. It's been a thrill to give money away and see the hole keep getting filled. Mustachian fun indeed!

ardrum

  • Stubble
  • **
  • Posts: 189
  • Location: Ohio
Re: 100% stocks still?
« Reply #162 on: January 25, 2021, 11:41:40 AM »
70/30 currently and want to eventually settle at 60/40.

Eventually, it's less important to chase the maximum average annual return and instead accept a decent return but with far more attention at preventing horrible sequence of return risk.  Mildly sacrificing long term return in order to reduce odds of a poorly timed retirement is worth it to me.

minority_finance_mo

  • Pencil Stache
  • ****
  • Posts: 742
    • Minority Finance
Re: 100% stocks still?
« Reply #163 on: February 01, 2021, 11:56:14 PM »
I'm close to 100% stocks (~3% bonds), 90% US and 10% International.

Bonds haven't even been a consideration because of the historically low rates, as well as the prospects of interest rates over the near term. I have been making an effort to decrease my US exposure from where it was last year (~95%) to around 75-80% by year's end, however. I'm 28.

Digger1000

  • 5 O'Clock Shadow
  • *
  • Posts: 13
Re: 100% stocks still?
« Reply #164 on: February 05, 2021, 04:10:40 AM »
I'm 99% stock index funds. Retired 4 years ago at age 51.

Much Fishing to Do

  • Pencil Stache
  • ****
  • Posts: 881
Re: 100% stocks still?
« Reply #165 on: February 05, 2021, 04:57:07 AM »
I have a small Donor Advised Fund. It is 100% in stocks. It's been a thrill to give money away and see the hole keep getting filled. Mustachian fun indeed!

+1.  My DAF is 100% VT and I plan to give away 6% of its end of year balance each year.  It'll be interesting to see if the balance/Gift amount goes up or down (real) over time.  If one were to live forever and stay healthy enough to always be able to go back to work if and when needed, this would probably be my retirement strategy.

FLBiker

  • Handlebar Stache
  • *****
  • Posts: 1197
  • Age: 44
Re: 100% stocks still?
« Reply #166 on: February 05, 2021, 05:33:00 AM »
I'd be 100% stocks, but my wife is more conservative, so we are basically 90/10 (it's actually 88/9/3, with the 3 being REIT).  We're basically at FI, and I don't anticipate changing it.  The only change I want to make is to get out of REITs.  I've been doing it slowly.

ColoAndy

  • 5 O'Clock Shadow
  • *
  • Posts: 81
  • Location: Colorado
Re: 100% stocks still?
« Reply #167 on: February 05, 2021, 08:10:07 AM »
Lots of wise comments from folks back in March.  I did not change anything but actually wish I went more toward equities.  I am 100% Vanguard Target 2035 in 401(k) and a few mutual funds in the 457, including Fidelity Total Market, US Bond Index, International, and a pinch of T. Rowe Price Growth Stock. Wish I had been dumping more in that T. Rowe fund.  It has been on a tear for the past decade plus.....

Dicey

  • Senior Mustachian
  • ********
  • Posts: 15110
  • Age: 63
  • Location: NorCal
Re: 100% stocks still?
« Reply #168 on: February 05, 2021, 09:06:41 AM »
I have a small Donor Advised Fund. It is 100% in stocks. It's been a thrill to give money away and see the hole keep getting filled. Mustachian fun indeed!

+1.  My DAF is 100% VT and I plan to give away 6% of its end of year balance each year.  It'll be interesting to see if the balance/Gift amount goes up or down (real) over time.  If one were to live forever and stay healthy enough to always be able to go back to work if and when needed, this would probably be my retirement strategy.
Hmmm, I was just thinking this morning about what funds I should raid to reload my DAF, because I want to give more. I've already given away more than half the original deposit, but it just keeps growing! I know these kinds of returns won't last forever, so I'm thinking about how to best utilize the power of the DAF for future giving.

shinn497

  • Bristles
  • ***
  • Posts: 430
Re: 100% stocks still?
« Reply #169 on: February 05, 2021, 12:21:57 PM »
still 100% stocks, at 34, and loving it XD

pdxvandal

  • Bristles
  • ***
  • Posts: 382
  • Location: Earth
Re: 100% stocks still?
« Reply #170 on: February 05, 2021, 03:11:06 PM »
I've been slowly exchanging some of my IRA bond funds to buy more VTSAX, even moving about $23k last month buying on a few 1.5%+ dips. My allocation's gone from 80-20 in 2019 to about 95-5. I have $50k sitting in a probate account earning $hit, so I consider that part of my "bond" allocation, hence my confidence in being more aggressive.

tsukuba

  • 5 O'Clock Shadow
  • *
  • Posts: 45
  • Location: Golden, CO
Re: 100% stocks still?
« Reply #171 on: February 10, 2021, 02:59:13 AM »
I'm theoretically about 1 y out from FIRE based on work contracting schedules. We'll see if I do or not. Might go 3 days/wk if the work in upcoming contracts is interesting.

54 % Domestic US stock (distributed among total market, small cap, mid cap, S&P 500, QQQ, ONEQ)
17 % Foreign stock (lots of legacy holding in oakmark value-oriented global and international funds)
   So that is 71% stock total

19 % bond (wide distribution of sectors, nations - like PRSNX, and maturity; but trending toward short, like THOPX)
8 % short term
2% gold

I've been thinking two things:
1) Bucket method: have 2-3 years in cash or near cash options.

1) I also am gradually positioning myself for more inflation ($ devaluation) which includes more movement to things like
-Foreign stock funds or ETFs: EMQQ, FSEAX, XBUY, MAPIX, MEGMX, INDY
-Short term muni bond funds, FLTDX, FSTFX (falls within 2-3 years in cash or near cash options );
-Short term international treasuries:  BWZ (falls within 2-3 years in cash or near cash options )
-Gold (Potentially falls within 2-3 years in cash or near cash options under stagflation scenario)
-International/global REITS: FIREX, SFREX
-Domestic utilities ETF: VPU, reportedly people who survived 70's stagflation well were happy to have the dividends.
-Thinking about bitcoin

While doing so, I am still sticking with and not pulling from domestic tech stock ETFs and funds-

Not saying I am right about anything.
« Last Edit: February 10, 2021, 11:35:32 PM by tsukuba »