The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: shortduck on March 23, 2020, 02:46:24 PM
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Hello All,
I am looking for some blog posts/podcast etc. to see how and what are *heros* doing at this time of extreme market crash.
e.g. Christy (@ Quit like a millionaire), or MMM, or JL Collins.
I know that everyone says about the safety net, but I really want to see that in action. Since this is the actual test and not theory anymore.
Please reply on the thread and thanks for your time.
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I think their strategy is to have a nice little side-hustle being a celebrity :)
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Well put, @vand!
MMM's strategy is clear. Post a couple of tweets and article (these are already posted, so there's evidence), earn $ from website links and ads, invest in index funds.
More broadly - have skills, stay healthy and active, LBYM.
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Brandon (the Mad Fientist) recently posted his third interview with Jim Collins. Basically they are both fine/not panicking.
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I think their strategy is to have a nice little side-hustle being a celebrity :)
+1.
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I think their strategy is to have a nice little side-hustle being a celebrity :)
If this is so, then what should an average already FI Joe do ?
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I think their strategy is to have a nice little side-hustle being a celebrity :)
If this is so, then what should an average already FI Joe do ?
They can pick their nose and do whatever they want.. isn't that the whole point of FI?
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I think their strategy is to have a nice little side-hustle being a celebrity :)
The bloggers, or celebrities as you call them, are doing a wonderful job selling you a dream. It’s a dream that can come true though, so...
The bloggers are selling YOU too, or at least your readership. The more readers/listeners they have consuming their stuff, the more they earn from advertising, affiliate links, etc...
I think it’s brilliant... they write interesting content that I get for free...and they get paid by the advertisements.
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I think their strategy is to have a nice little side-hustle being a celebrity :)
If this is so, then what should an average already FI Joe do ?
Rebalance when their Investing Policy Statement says so!
https://forum.mrmoneymustache.com/investor-alley/investment-policy-statements/
https://forum.mrmoneymustache.com/investor-alley/what-is-your-sweet-n-short-ips-(investment-policy-statement)/
Lots of us don't have a real one, me among them, but I think they're a very good practice. My unwritten one is to shoot for keeping financial assets balanced 70% stock 30% bonds, and rebalance no more often than once every three months. When the Corona Crash began, I hadn't rebalanced in a while, but after a week, I rebalanced. Basically I sold a couple thousand dollars of bond index fund and bought a couple thousand dollars of stock index fund to get comfortingly close to 70/30. In early June, probably rebalance again.
Hopefully the FIRE celebrities will also follow their IPS.
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You can pick your nose, you can pick your friends, but you can't wipe your friends on the couch.
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Not a "FIRE" celebrity... never was a fan of JL Collins "100% stocks" argument... and I write and work with entrepreneurs.
But here are my thoughts which intersect with portfolio construction:
https://evergreensmallbusiness.com/small-business-corona-virus-crisis-survival-guide/
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We're no FIRE celebrities, but we're doing exactly what we were doing before this.
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We're no FIRE celebrities, but we're doing exactly what we were doing before this.
This +1 and re-balancing as it seems fit
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DH finally started investing the money he has had sitting in a rollover IRA since last summer. Got that in just before the bounce.
We gave our DS an early graduation gift of 12k with the condition that he invest an equal sum in a Roth (he has already earned a decent amount with a tech internship and RA position).
We are not the FIREd famous but we are, apparently, dirty market timers....