The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: Captain Cactus on August 18, 2017, 05:39:29 PM
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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?
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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:
"I go through my choices which are diversity. I invest in local businesses. I invest in solar companies. I’m a values investor where I’m putting my money—basically, I’m getting 5% of my money free and clear—and a lot more because I built two little apartments on the ground floor of my house, and so I have rental income. And eventually, I’ll trade one of those apartments for somebody to take care of me because I’m 72 and I think about this now.
So basically, I’m 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, I’m just saying there’s a range of choices. But I want people to have a basic foundation. And then, from that basic foundation, you build.
And I’m also redefining financial independence really as having choice in your life about where you put your life energy. I don’t think “set for life” works anymore. I’m not sure it ever worked.
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Well... she sounds as awesome as ever! :)