The only thing that works over the long term is this fundamentally a company that's going somewhere. The overwhelming majority of your investing money should be used or your goals, and should be treated according to a very well thought out plan. If you are the type of person who gets real excited about speculative opportunities, and you want to indulge that wild hare, you want to see what rolling the dice might do,. Sure, take up to a maximum of ten % and go wild, because that will scratch the itch that allows you to manage the 90 plus percent better.
#394: Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash.
Sheryl gets stock from her company, and she would usually sell it…but the stock value has decreased. And now, she isn’t sure what she should do.
Heather inherited an IRA but MUST empty it within ten years - but she doesn’t need it right now. What should she do??
Julie and her husband have access to an HSA for ONE MONTH. Can they max it out before they lose access to it?
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.
Enjoy!
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
For more information, visit the show notes at https://affordanything.com/episode394
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