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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Captain Cactus on August 18, 2017, 05:39:29 PM

Title: What would Vicky Robin do?
Post by: Captain Cactus on August 18, 2017, 05:39:29 PM
We all know and love "Your Money or Your Life". 

In today's market, what would Vicky Robin recommend for an asset allocation in retirement, once one FIREs?
Title: Re: What would Vicky Robin do?
Post by: slugsworth on August 24, 2017, 03:44:18 PM
Take a look at her Mad Fientist interview http://www.madfientist.com/vicki-robin-interview/ (http://www.madfientist.com/vicki-robin-interview/) . . .she doesn't spend a ton of time on it - but here is an excerpt:

Quote
"I go through my choices which are diversity. I invest in local businesses. I invest in solar companies. Iím a values investor where Iím putting my moneyóbasically, Iím getting 5% of my money free and clearóand a lot more because I built two little apartments on the ground floor of my house, and so I have rental income. And eventually, Iíll trade one of those apartments for somebody to take care of me because Iím 72 and I think about this now.

So basically, Iím a values-based investor. I talk about those choices.

I talk about the index funds, all the varieties of people who are using index funds; and then some people who are using real estate and some people who are active investors.
So, Iím just saying thereís a range of choices. But I want people to have a basic foundation. And then, from that basic foundation, you build.

And Iím also redefining financial independence really as having choice in your life about where you put your life energy. I donít think ďset for lifeĒ works anymore. Iím not sure it ever worked.
Title: Re: What would Vicky Robin do?
Post by: joonifloofeefloo on August 24, 2017, 03:58:34 PM
Well... she sounds as awesome as ever! :)